NHPC Ltd IPO

[Admin]

NHPC Ltd
Registered Office: N H P C Office Complex Sector-33, Faridabad, Haryana-121003.
Phone: 91-0129-2278421 Fax: 91-0129-2277941
Email: companysecretary@nhpc.nic.in Website: www.nhpcindia.com


Issue Opens : 07-08-09

Issue Closes: 12-08-09

Price: Rs 30- 36

Lead Managers
ENAM SECURITIES PVT LTD
KOTAK MAHINDRA CAPITAL COMPANY LTD
SBI CAPITAL MARKETS LIMITED

Registrar
KARVY COMPUTERSHARE PVT LTD
Karvy House , No 46, Avenue 4 , Street No 1 , Hyderabad , Andhra Pradesh - 500034
Phone: 2342 0815-28 Fax: 2343 1551

Listed @ BSE, NSE


Public issue of up to 1,67,73,74,015 equity shares of Rs. 10 each (The Equity shares) for cash at a price of Rs.[*] per equity share of NHPC Limited (NHPC, the company or the issuer) aggregating Rs.[*] Crores (the issue). The issue comprises a fresh issue of up to 1,11,82,49,343 equity shares by NHPC ( the fresh issue) and an offer for sale of 55,91,24,672 equity shares by the President of India acting through the Ministry of Power, Government of India (the selling shareholder) (the offer for sale). The issue comprises a net issue to the public of 1,63,54,39,665 equity shares (the net issue) and a reservation of up to 4,19,34,350 equity shares (the Net Issue) and a reservation of 4,19,34,350 equity sharess for subscription by eligible employees (as defined hereinbelow) (the employee reservation portion), at the issue price. The issue shall constitute 13.64% of the post-issue capital of NHPC.Price band: Rs. 30 to Rs. 36 per equity share of face value Rs.10 eachThe floor price is 3 times of the face value and the cap price is 3.6 times of the face value.


Object of the issue
The Issue comprises a Fresh Issue by our Company and an Offer for Sale by the Selling Shareholder.
The Offer for Sale

The object of the Offer for Sale is to carry out the disinvestment of 55,91,24,672 Equity Shares of Rs. 10 each by the Selling Shareholder. Our Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.

The Objects of the Fresh Issue

The objects of the Fresh Issue are to:

(a) utilise the proceeds of the Fresh Issue, after deducting the proportionate underwriting and issue management fees, selling commissions and other expenses associated with the Fresh Issue (the "Net Proceeds of the Fresh Issue") to part finance the construction and development costs of certain of our projects, namely, Subansiri Lower, Uri - II, Chamera - III, Parbati - III, Nimoo Bazgo, Chutak, and Teesta Low Dam - IV ("Identified Projects");

(b) utilise the remaining portion of the Net Proceeds of the Fresh Issue for general corporate purposes; and

(c) create a public trading market for our Equity Shares by listing them on Stock Exchanges, as we believe that the listing of our Equity Shares will enhance our visibility and brand name and enable us to avail of future growth opportunities.

The main objects clause of our Memorandum of Association enables us to undertake the activities for which the funds are being raised by us in the Fresh Issue. Further, we confirm that the activities we have been carrying out until now are in accordance with the objects clause of our Memorandum of Association.

Promoted by
Our Promoter is the President of India acting through the MoP, GoI. Our Promoter (including through nominees) currently holds 100% of the paid-up share capital and will continue to hold majority of the post-Issue paid-up capital of our Company.

[Don]

ICRA has assigned an IPO Grade 3 to NHPC Limited IPO. This means as per ICRA, company has average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

[Admin]

IPO Listing Date: Tuesday, September 1, 2009
BSE Script Code: 533098
NSE Symbol: NHPC
Listing in: 'B' Group of Securities
ISIN: INE848E01016
Issue Price: Rs. 36/- per share
Face Value: Rs 10/- Per Equity Share