As expected the Rs10 face value National Thermal Power
Corporation Limited''s scrip opened at the bourses for
trade at a premium to the issue price. At the National
Stock Exchange (NSE) the scrip opened at Rs88 before coming
down to Rs70.
86,58, 30,000-share public issue made through book building
process was priced in the band Rs52-62 and was over subscribed
by 12 times.
to Shanti Ekambaram, director, Kotak Mahindra Capital
Company and head Corporate Banking, Kotak Mahindra
issue price was fixed after looking at companies similar
to NTPC in the Asian region. "In India there is no
other company with operations similar to NTPC," she