NTPC opens its OFS or offer for sale for 78,32,62,880 equity shares which is 9.5% of the paid up capital. The floor price fixed for the sale is Rs 145 which is lower than the closing price of Rs 152.30 by Rs 7.30 or 4.79%. The 52 week high and low for the share is Rs 190.30 and 138.95 respectively.

The issue would garner Rs 11,357.31crs at the floor price of Rs 145 and Rs 11,929.09crs at the closing price of Rs 152.30. After the success of OIL India issue under the new guidelines wherein QIB’s would be allowed to bid with zero margin or upfront payment against 100% earlier, this would be a real test for the new system. This would be a mega issue for the government and comes close on the heels of the OIL India issue which was held only last week on Friday. This is probably for the first time ever that there are back to back issues with a gap of mere three working days between two issues. This also signifies the urgency to complete as much of the targeted or budgeted Rs 30,000 crs divestment target for the financial year 2012-13.