NTPC the largest power generating company has filed its DRHP for its FPO with SEBI. The issue is for a 5% divestment by the Government of India and would comprise of roughly 41.5 cr shares. Almost half of this would be sold through a French Auction in which QIB’s would be asked to bid, and the highest bidder would be allotted the shares.

The issue is expected to open in the first week of February 2010 and probably the same would be open between the 3rd and 5th of February 2010.