The Follow-on Public Offer (FPO) of NTPC Ltd. is likely to hit the market in February 2010
National Thermal Power Corporation (NTPC) is the largest power generating company in India with a nationwide presence. NTPC had come up with an IPO between October 7, 2004 and October 14, 2004. The shares were offered in a price band of Rs.52/- to Rs.62/- per equity share and the issue price was fixed at the upper end of the price band
NTPC IPO, in 2004, had received good response from both the Retail and the Institutional Investors. NTPC IPO was subscribed by around 24 times on an overall basis. Retail Category had also received good response with the Category getting subscribed about 4 times
Update: NTPC FPO Floor Price Fixed
