NTPC files draft prospectus for IPO
By NTPC would issue 43.29 c | 22 Jun 2004
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New Delhi: National Thermal Power Corporation (NTPC) yesterday filed the draft prospectus with the Securities and Exchange Board of India (SEBI) for enhancing its equity by 5.25 per cent through an initial public offer (IPO).
NTPC would issue 43.29 crore shares having a face value of Rs 10 each, according to officials. Of the proposed 5.25 per cent equity, 0.25 per cent, comprising 2 crore shares , would be offered to the NTPC employees.
Post-IPO, the Government's stake in NTPC would come down to 94.75 per cent. NTPC has mandated three merchant bankers, including Kotak Mahindra and ICICI Securities, to act as lead managers for its IPO. Enam Financials has been appointed as the third joint lead manager-cum-book runner.
