NHPC Limited to Undertake Offer for Sale of Equity Shares by Ministry of Power
The Ministry of Power, Government of India, has proposed an Offer for Sale (OFS) of a stake in NHPC Limited through the stock exchange mechanism. The sale is being conducted by the President of India, acting through the Ministry of Power, as the promoter of the company.The initial base offer proposes the sale of 3.00% of the Company's paid-up equity, equivalent to 30,13,51,044 equity shares of face value of ₹10 each.
Offer Size and Structure
The Offer details a primary Base Offer Size, along with two potential additional tranches:1. Oversubscription Option (Green Shoe): The seller has the option to sell up to 30,13,51,044 equity shares, which, if exercised, would increase the total potential sale to 6.00% of the total paid-up equity share capital of the Company as on March 31, 2026.
2. Employee Offer: Additionally, up to 45,20,265 equity shares may be offered to the eligible employees of NHPC Limited.
The total potential number of equity shares that may be offered through the OFS includes the Base Offer Size, the Oversubscription Option, and the Employee Offer.
Trading Timeline and Pricing
The Offer will take place over two trading days, with specific timings and eligibility criteria for each day:| Category | Date | T Day Status | Window Timing |
|---|---|---|---|
| Non-Retail Investors | June 2, 2026 (T Day) | Bids placed for Base Offer Size only. | 9:15 a.m. to 3:30 p.m. IST |
| Retail Investors, Employees, & Non-Retail Investors (carrying forward bids) | June 3, 2026 (T+1 Day) | Continues for Base Offer Size. | 9:15 a.m. to 3:30 p.m. IST |
The floor price for the Offer has been set at ₹71.00 per equity share.
Allocation Methodology
The allocation of the Offer Shares is structured to cater to various investor groups, with specific minimum reservation requirements:- Institutional Priority: A minimum of 25% of the Offer Shares shall be reserved for Mutual Funds and Insurance Companies.
- Retail Allocation: A minimum of 10% of the Offer Shares is reserved for the Retail Category, defined as an individual investor who bids for a total value of not more than ₹2,00,000.
- Allocation Process: The allocation to Non-Retail Investors shall be at a price equal to the Cut-Off Price or higher. For Retail Investors, the allocation shall be at or above the Floor Price.
The allocation process also allows for un-allotted portions of the Retail Category to be transferred to non-Retail Investors who choose to carry forward their bids from T Day to T+1 Day.
Brokerage Details
The Offer shall be undertaken exclusively through the Seller's Brokers, which include:- ICICI Securities Limited (BSE: 103; NSE: 07730)
- Goldman Sachs (India) Securities Private Limited (BSE: 3158; NSE: 12778)
- SBICAP Securities Limited (BSE: 0095; NSE: 10529)
NHPC Stock Price Movement
NHPC Limited shares today slipped by 2.31% to settle at ₹77.20. The equity experienced significant selling pressure, settling amid a robust trading volume of 13.50 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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