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NTPC Limited FPO (NTPC FPO) Detail

February 3, 2010 - February 5, 2010

NTPC FPO is a book built issue of Rs 8,480.10 crores.

NTPC FPO bidding started from February 3, 2010 and ended on February 5, 2010. The shares got listed on BSE, NSE on March 18, 2010.

NTPC FPO price band is set at ₹201 to ₹ per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is .

Citigroup Global Markets India Private Limited, ICICI Securities Limited, J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the NTPC FPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to NTPC FPO RHP for detailed information.

NTPC FPO Details

IPO Date February 3, 2010 to February 5, 2010
Listing Date March 18, 2010
Face Value ₹10 per share
Price Band ₹201 to ₹ per share
Lot Size 28 Shares
Total Issue Size412,273,220 shares
(aggregating up to ₹8,480.10 Cr)
Issue Type Book Built Issue FPO
Listing At BSE, NSE

NTPC FPO Reservation

NTPC FPO offers 412,273,220 shares. 204,000,000 (49.48%) to QIB, 61,200,000 (14.84%) to NII, 142,800,000 (34.64%) to RII, 4,273,220 (1.04%) to employees. 5,100,000 RIIs will receive minimum 28 shares and (sNII) and (bNII) will receive minimum 0 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered204,000,000 (49.48%)NA
NII (HNI) Shares Offered61,200,000 (14.84%)
Retail Shares Offered142,800,000 (34.64%)5,100,000
Employee Shares Offered4,273,220 (1.04%)NA
Total Shares Offered412,273,220 (100%)

About NTPC Limited

Incorporated in 1975, National Thermal Power Corporation Limited (NTPC) is the largest power generating company in India. It has emerged as an �Integrated Power Major�, with presence in the entire value chain of power generation business. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilization and coal mining. NTPC ranked 317th in the �2009, Forbes Global 2000� ranking of the World�s biggest companies.

The total installed capacity of the company is 30,644 MW (including JVs) with 15 coal based and 7 gas based stations, located across the country. In addition under JVs, 3 stations are coal based & another station uses naphtha/LNG as fuel. By 2017, the power generation portfolio is expected to have a diversified fuel mix with coal based capacity of around 53000 MW, 10000 MW through gas, 9000 MW through Hydro generation, about 2000 MW from nuclear sources and around 1000 MW from Renewable Energy Sources (RES). NTPC has adopted a multi-pronged growth strategy which includes capacity addition through green field projects, expansion of existing stations, joint ventures, subsidiaries and takeover of stations.

In October 2004, NTPC launched its Initial Public Offering (IPO) consisting of 5.25% as fresh issue and 5.25% as offer for sale by Government of India. NTPC thus became a listed company in November 2004 with the government holding 89.5% of the equity share capital. The rest is held by Institutional Investors and the Public. The issue was a resounding success. NTPC is among the largest five companies in India in terms of market capitalization.

The current offering (FPO) is to divestment of 5% in NTPC Limited by GoI, which owns approximately 89.5% of NTPC�s Equity Share capital.

In 2009, NTPC contributed 28.6% of the total power generation of India. In 2009, NTPC was the top independent power producer in Asia, and ranked second in the world, on the basis of asset worth, revenues, profits and return on invested capital.

Company Financials

ParticularsFor the year/period ended (Rs. in Lacs)
31-Mar-0831-Mar-0930-Sept-09(Partial)
Total Income400,177452,728243,028
Profit After Tax (PAT)74,14882,01343,456

Objects of the Issue (NTPC FPO Objectives)

The objects of the Offer are to carry out the divestment of 412,273,220 Equity Shares by Government of India. NTPC Limited will not receive any proceeds from this FPO.


NTPC FPO Subscription Status (Bidding Detail)

The NTPC FPO is subscribed 1.20 times on February 5, 2010 5:00:00 PM. The public issue subscribed 0.16 times in the retail category, 2.18 times in the QIB category, and 0.43 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.18
NII0.43
Retail0.16
Employee0.44
Total1.20

NTPC FPO Prospectus

NTPC FPO Rating

298
3.7
Rating:Rated 3.7 stars
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NTPC FPO Listing Details

Listing Date March 18, 2010
BSE Script Code 532555
NSE Symbol NTPC
ISIN INE733E01010
Final Issue Price ₹201 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹201.00
₹200.65
₹200.00
₹203.80
₹203.00
NSE
₹201.00
₹201.80
₹201.00
₹205.90
₹205.10

Check IPO Performance…

NTPC Limited Contact Details

NTPC Limited
NTPC Bhawan, Scope Complex,
7 Institutional Area, Lodi Road,
New Delhi-110003, India
Phone: +91-11-24360100
Email: ipo@ntpc.co.in
Website: http://www.ntpcindia.com

NTPC FPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: ntpcfpo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

NTPC FPO FAQs

NTPC FPO is a main-board FPO of 412,273,220 equity shares of the face value of ₹10 aggregating up to ₹8,480.10 Crores. The issue is priced at ₹201 to ₹ per share. The minimum order quantity is 28 Shares.

The FPO opens on February 3, 2010, and closes on February 5, 2010.

Kfin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

The NTPC FPO opens on February 3, 2010 and closes on February 5, 2010.

NTPC FPO lot size is 28 Shares, and the minimum amount required is .

You can apply in NTPC FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for NTPC FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the NTPC FPO allotment status.

The NTPC FPO listing date is on March 18, 2010.
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NTPC FPO Message Board

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285 Comments

285. Ravi |   Link |  Bookmark |April 1, 2010 9:38:56 AM
280, ntpc ka mara

NTPC has suddenly woken up today, dont know will it able to
sustain the levels, as soon as it touches 210 I will sell it.

Don't worry it will be down today that is confirm and guaranteed. Inki badne ki aukat itni hai. Downward is unlimited. Because Govt. has already LOOTED the investors at maximum rates for 4 years. It will only increase when there is further FPO so that they can again LOOT at maximum rates or after 4 years 1 months 9 days.
Now, SAIL will increase till FPO. SAIL will be priced at 350/- - 400/- Retailers will 5% chocolate. Post FPO this will be "NHPC OR NMDC OR NTPC" that is confirm and guaranteed.
284. ntpc ka mara |   Link |  Bookmark |March 31, 2010 2:20:25 PM
NTPC has suddenly woken up today, dont know will it able to sustain the levels, as soon as it touches 210 I will sell it.
283. Bharat Mata |   Link |  Bookmark |March 27, 2010 4:14:11 PM
DEAR Gane

REPLY TO YOUR Feb 28, 2010 query on NTPC.
" I got 56 shares in FPO. I thought of selling it. But I heard that NTPC might give dividend and the meeting will be in March sometime. Could someone advise me whether it is good to hold it at this stage or sell it?

Still the price is around 201 Rs. If I sell it now, I don't lose anything.

Don't worry hold for INDIAN INTELLECT TO UNDERSTAND THE VALUE OF IT. It will take 1 - 3 years. ( Since INDIAN are the best intellect in the world, it takes MORE time to UNDERSTAND ).

THINK ABOUT PNB @450 SOLD AT 350, AND THE HISTORY IS THAT IT IS @950 NOW DUE TO IT's GEOGRAPHICS PRESENCE.

SIMILARLY NTPC WILL MAKE A HISTORY DUE TO IT's GEOGRAPHIC PRESENCE
282. N.Narasimhan |   Link |  Bookmark |March 25, 2010 11:17:39 PM
I was allotted 280 shares in the recent NTPC IPO. I am pleasantly surprised to observe an ECS credit of Rs.840/- in my internet banking a/c, towards dividend, a couple of days ago!
281. Mayank |   Link |  Bookmark |March 21, 2010 9:06:16 AM
NHPC, investor ka paisa chura kar bhagi hi, pakadnay walay ko uchit puraskar diya jayga.
280. Gane |   Link |  Bookmark |March 18, 2010 10:34:06 PM
Its dividend payment time. NTPC declared 30% dividend and OIL India declared 180% interim dividend.

Gane.
279. N.NARASIMHAN |   Link |  Bookmark |March 18, 2010 11:44:25 AM
18-03-2010

INDIA BULLS POWER – MONEY EASY COME, EASY GO

The stated purpose of the Indiabulls Power IPO (Oct 12, 2009 - Oct 15, 2009) which raked in Rs. 1,529.10 Crores, was to part finance its 1,320 MW Amravati Power Project Phase – I and the 1,335 MW Nashik Power Project and also meet General Corporate Expenses (whatever that means). The issue size was 339,800,000 Equity Shares of Rs. 10 each, priced between Rs.40/- and Rs.45/-.

When it closed on Oct. 15th 09, oversubscription was : Qualified Institutional Buyers (QIBs) : 40.49 times, non institutional investors : 5.76 times, retail investors : 1.09 times, thus the issue was subscribed by 21.84 times. The company issued shares on proportionate basis.

When the issue listed simultaneously on the BSE and NSE on 30th Oct. 09, trading commenced marginally lower @ Rs.44.95 on BSE, and closed much lower @ Rs. 39.25 on BSE and @ Rs. 39.50 on NSE for its IPO priced Rs.45/- per share. The market value collapse subsequently at the time of writing, is Rs.29.85 i.e.(value loss of 33.67%) on BSE. The picture is no different on the NSE either.

It is not that all power IPOs have taken a beating. The value loss is much less in the case of the much criticized NHPC where the Rs.36/- per share IPO is now quoting @ Rs.31.45 or a value loss of 12.64%, the Rs.201/- NTPC IPO is quoting @ Rs.201.90 ( value gain of 0.45%), the Rs.100/-Adani Power IPO is quoting at 112.05 (value gain of 12.05%, the gain is more for retail investors, for whom the IPO price was discounted by Rs.5/-), JSW Energy whose IPO price was Rs.95/- is quoting @ Rs.110/- (value gain of 15.79%)

The smart Alecs who run the India Bulls Power, in the nearly 5 months after the IPO closed, instead of coming out with statements or actions to boost the investor morale, have been doing the opposite, if rumours are to be believed, that soon after the IPO closed and they were sitting on a pile of public money, among the first things they did was to buy 40 luxury Mercedez Bez cars for use by the management cadre! I only hope that this will not turn out to be another case of share holders money easy come also being easy go!
278. Dayal |   Link |  Bookmark |March 18, 2010 8:35:56 AM
NHPC isnay tho loot liya, iska ipo lanay walo ko pakad kar maro.
277. Value Investor |   Link |  Bookmark |March 16, 2010 5:43:23 PM
Hello, NTPC is included in Sensex and Nifty. It is available at good valuation, and in an industry that is always in demand. Technically it is weak at the moment, so traders can sell and deploy funds elsewhere.Long term investors can hold it. In 2 years time it can easily double.
276. I Hold NTPC SINCE THE FIRST IPO |   Link |  Bookmark |March 14, 2010 5:37:36 PM
I am a NTPC shaer holder since the first IPO and have make good monies out of it. I advise to those who have the shares is not to sell it. If it goes down accumulate it further. Look at 1 year horizion and you will benefit. I did not apply in the FPO as was guessing it stay around the same price which proved correct. But even if i had, i would not have sold it.
275. Mahatma |   Link |  Bookmark |March 9, 2010 12:02:01 PM
Nhpc 1 looutary co. Hi indian public ko thagnay wali thug.
274. Gane |   Link |  Bookmark |February 28, 2010 9:56:02 PM
Thanks Mr. Gem IPO Finder. I will think about whether to hold it for 2-3 months time. If there is a possibility of 10% growth approximately, then why not? But I know its risk. May be I will watch the market closely on how it is going and decide on that this week.

273. GEM IPO FINDER |   Link |  Bookmark |February 28, 2010 7:56:16 PM
MR GANE,
NEVER DEFER UR SELLING DECISION ON HOPE OF DIVIDEND UNLESS ITS GIVING 2-3 % YELD NTPC DOES'T RECOMMEND INTERIM DIVIDEND OF MORE THAN RS.2 & MORE THAN THAT U WILL RECIEVE AT LEAT 1 MONTH AFTER HERE, SO IF U WANT TO SALE, GO & SALE BUT IF U CAN HOLD IT FOR 2-3 MONTH U MAY GET 5-10% RETURN & DIVIDEND BUT IN THE MEAN WHILE DUE TO BAD MARKET CONDS GLOBALLY IF NIFTY FALS TO 4500-4600 U MAY FIND IT NEAR 190-185,,,,
272. Gane |   Link |  Bookmark |February 28, 2010 7:04:29 PM (400+ Posts)
I got 56 shares in FPO. I thought of selling it. But I heard that NTPC might give dividend and the meeting will be in March sometime. Could someone advise me whether it is good to hold it at this stage or sell it?

Still the price is around 201 Rs. If I sell it now, I don't lose anything.

271. K V Subba Rao |   Link |  Bookmark |February 27, 2010 7:47:52 PM
"National Thermal Power Corporation (NTPC) has informed that a meeting of the board of directors of the company will be held on March 13, 2010, to consider declaration of interim dividend for the year 2009-2010.

Further, the company has informed that, it has fixed March 19, 2010 as the record date for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend, if declared by the board."

Source: http://money.livemint.com/News/Market/132555/C/02-26-2010/4/10/73674.aspx
270. J.K |   Link |  Bookmark |February 27, 2010 7:17:50 PM
NHPC same same shi shi, public ko lootnay wali co. BJP GOVT public ko kilati thi, CONG GOVT Public ko kati hi, voters be careful.
269. S K AGARWAL |   Link |  Bookmark |February 27, 2010 4:08:01 PM
NTPC ALREADY LISTED INCLUDING NEW FPO SHARES
268. SUNIL |   Link |  Bookmark |February 27, 2010 3:54:38 PM
WHAN WILL BE LIST OF NTPC FPO. ANYBODY TELL ME
267. vipin goyal |   Link |  Bookmark |February 26, 2010 11:37:33 PM
Do the fpo's list? or only allotment takes place and u r able to sell after allotment?
266. K V Subba Rao |   Link |  Bookmark |February 25, 2010 8:36:36 PM
NTPC shares allotted in FPO can be traded as per Notification in the following Link:

http://www.bseindia.com/cirbrief/new_notice_detail.asp?noticeid=noticeno=20100218-49&dt=2/18/2010&icount=49&totcount=50&flag=0