Press Information Bureau
Government of India
Ministry of Finance
08-February-2013 17:35 IST
The Offer for sale (OFS) transaction in NTPC Ltd. was held on 07.02.2013. A total number of 783,262,880 shares were sold at the cut off price of Rs. 145.55 against the Floor Price of Rs. 145 per share fixed by the Empowered Group of Ministers (EGoM) held on 05.02.2013. The realization has been at an average price of Rs. 146.43 per share. The Issue has been subscribed 1.70 times and the overall response at BSE and NSE and allocation thereon are under:
NTPC LTD OFS SUMMARY AT BSE + NSE LTD
Exchange | No. of shares | % subscription | Allocated Qty | Allocation % |
BSE | 486,044,227 | 36.59 | 323,729,204 | 4.33 |
NSE | 842,411,392 | 63.41 | 459,533,676 | 58.67 |
Total | 1,328,455,619 | 100.00 | 783,262,880 | 100.00 |
The category wise investors’ participation in the OS at BSE & NSE and allocation is as under:
TOTAL BSE+NSE BID QTY AFTER ALLOCATION
Category | Bid Count | Bid Qty. | Bid Amt (Rs. Crs) | Amt in % |
Banks | 50 | 86,699,044 | 1266.95 | 11.05 |
Client | 5916 | 62,376,395 | 913.48 | 7.96 |
FIIs | 187 | 351,930,444 | 5152.55 | 44.92 |
Insurance | 170 | 194,497,816 | 2852.84 | 24.87 |
Mutual funds | 125 | 65,471,410 | 957.94 | 8.35 |
Other Fin. Inst. | 18 | 6,709,539 | 98.16 | 0.86 |
Proprietory | 376 | 15,578,232 | 227.47 | 1.98 |
Total | 6842 | 783,262,880 | 11469.39 | 100.00 |
The gross proceeds to the Government of India, of the OFS are Rs. 11469.39 crore.
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DSM/RS/ka
Disinvestment via Offer for Sale secures government share sale in NTPC with oversubscription and institutional allocations. Disinvestment via Offer for Sale of 9.50% of NTPC Limited's paid-up equity resulted in sale of 783,262,880 shares at the cut-off price with an average realised price reported; the issue was oversubscribed and allocations were made across BSE and NSE with detailed category-wise participation, producing government realisation of Rs. 11469.39 crore.
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