NHPC has finalised the basis of allotment. Retail investors who have applied for the maximum of 2625 shares have been allotted 713 shares. Retail investors applying for 700 shares or more have been allotted on a firm basis while below 700 shares there is a lottery allocation. There was a spill over from the employee quota which was not fully subscribed and the same was added to the three categories namely HNI, QIB and retail respectively in the ratio of 10, 60 and 30 respectively. The total quantity added as a result of employee under subscription across all three segments was approximately 1.78 cr shares.

The HNI category with the employee under subscription added was oversubscribed 54.75 times. Taking the highest retail allotment of 713 shares, the similar allotment in the HNI category was for an applicant who applied for 39025 shares. The oversubscription in this category was 54.75 times. The cost of application for an investor who took a loan in the HNI category at 10% with a margin of 5% for a period of 13 days is Rs 6.67 per share. This interest cost has reduced as the allocation increased on some cancellations or withdrawals and also because of addition of shares to the category on account of employee under subscription. 

The issue is to be listed on Monday or Tuesday and would be finalised in a day or two.