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The government on Tuesday (June 2) said the state-owned NHPC Ltd offer for sale (OFS) received an enthusiastic response from investors and was subscribed 3.47 times on the first day of bidding.
The government said allocation in the OFS will be carried out on a price priority basis. It also stated that the entire green shoe option will be exercised as part of the transaction. Retail investors and employees will be allowed to place bids on June 3, 2026, as part of the offer schedule.
"Offer for Sale in NHPC Limited received enthusiastic response from investors and was oversubscribed 3.47 times on the first day. Allocation will be on a price priority basis. The government has decided to exercise the entire green shoe option. Retail investors and employees get to bid on 3rd June 2026," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.
ALSO READ | NHPC approves ₹8,000 crore borrowing plan for FY27
On Monday (June 1), the government announced that it will sell up to 6% stake in NHPC via OFS at a floor price of ₹71 per share. The OFS includes a base offer of 3% of the government’s equity in NHPC and an additional 3% green shoe option.
The floor price of ₹71 per share is at an 8% discount over Monday's closing price of ₹77.19 on the BSE — which is 2.07% lower than Friday's close. The OFS opened for non-retail investors on Tuesday, while for retail investors it will open on Wednesday.
The sale of over 60.27 crore shares, representing a 6% stake at a floor price of ₹71 a share, would fetch about ₹4,200 crore to the exchequer. This will be the third OFS of a public sector company in the current fiscal year.
ALSO READ | NHPC Q4 profit jumps 69% on higher revenue, board recommends final dividend
Last week, the government sold a 2% stake in Coal India via OFS to mop up ₹5,542 crore. In May, it sold 8.08% in the Central Bank of India to raise ₹2,266 crore. Together, the disinvestment proceeds so far in FY27 stand at ₹7,808 crore.
Shares of NHPC Ltd ended at ₹72.28, down by ₹4.91, or 6.36%, on the BSE today, June 2.
The government said allocation in the OFS will be carried out on a price priority basis. It also stated that the entire green shoe option will be exercised as part of the transaction. Retail investors and employees will be allowed to place bids on June 3, 2026, as part of the offer schedule.
"Offer for Sale in NHPC Limited received enthusiastic response from investors and was oversubscribed 3.47 times on the first day. Allocation will be on a price priority basis. The government has decided to exercise the entire green shoe option. Retail investors and employees get to bid on 3rd June 2026," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.
ALSO READ | NHPC approves ₹8,000 crore borrowing plan for FY27
On Monday (June 1), the government announced that it will sell up to 6% stake in NHPC via OFS at a floor price of ₹71 per share. The OFS includes a base offer of 3% of the government’s equity in NHPC and an additional 3% green shoe option.
The floor price of ₹71 per share is at an 8% discount over Monday's closing price of ₹77.19 on the BSE — which is 2.07% lower than Friday's close. The OFS opened for non-retail investors on Tuesday, while for retail investors it will open on Wednesday.
The sale of over 60.27 crore shares, representing a 6% stake at a floor price of ₹71 a share, would fetch about ₹4,200 crore to the exchequer. This will be the third OFS of a public sector company in the current fiscal year.
ALSO READ | NHPC Q4 profit jumps 69% on higher revenue, board recommends final dividend
Last week, the government sold a 2% stake in Coal India via OFS to mop up ₹5,542 crore. In May, it sold 8.08% in the Central Bank of India to raise ₹2,266 crore. Together, the disinvestment proceeds so far in FY27 stand at ₹7,808 crore.
Shares of NHPC Ltd ended at ₹72.28, down by ₹4.91, or 6.36%, on the BSE today, June 2.
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