NTPC has got some good response from Non Retail Investors for the OFS that has started on 23rd Feb and has got oversubscribed by 1.81 Times of Allotted Quantity and the indicative price of allotment to non retail investors is Rs 122.22 per share While Floor Price decided by Government is Rs 122 per share .
Now NTPC will be open tomorrow i.e 24th Feb for Retail Investors and 5% Discount is being offered to them at the Cut off price. Non-retail investors who place their bids on February 23, 2016, will be allowed to revise their bids on February 24, 2016. Retail investors shall be allowed to place their bids only on February 24, 2016.
|Sr No.||Company Name||Total Issue Size||Total Subscription||No. of Times|
NTPC closed at Rs 122.70 Down by 3.39% after this OFS 1st day although NSE also fallen by 125 points due to market and global factors. So it will be good to see how retail investors take this further and Finally what will be the subscription figures for NTPC OFS, also if Non retail investors decide to change their bidding price up or down and how NTPC share will act accordingly.
So Keep watching this space for more information.