The issue received excellent support and was very heavily oversubscribed. The subscription is as follows:- QIB 29.16 times HNI 56.70 times Retail 3.87 times Employee 0.56 times Overall the issue was oversubscribed 23.73 times and I believe this has beaten most people’s expectation. The cost for HNI’s based on 11.25% interest rate would now be […]
Posts Tagged ‘oversubscribed’
NHPC IPO – Must sell on listing day
August 8th, 2009
Comments Off on NHPC IPO – Must sell on listing day
NHPC Limited is tapping the capital markets with a public issue and an offer for sale which began on Friday the 7th August and closes on Wednesday 12th August. The offer for sale is for 5% of the present holding of the government and the fresh issue is for double the amount. The total shares […]
