NHPC shares rose up to 5.12% to Rs 75.99 as the government's offer for sale (OFS) opened to retail investors. The OFS, valued at approximately Rs 4,300 crore, has a floor price of Rs 71 per share. The government aims to divest up to a 6% stake.
The strong demand from retail investors in the NHPC stake sale indicates investor confidence in the company and the government's divestment program, potentially influencing future state-owned enterprise offerings.
NHPC shares advanced up to 5.12% to Rs 75.99 apiece in early trade as the government's offer for sale (OFS) opened for retail investors. The OFS was oversubscribed 3.47 times on the first day, prompting the government to exercise its green shoe option. The government is divesting up to a 6% stake in the public sector undertaking, with the OFS having a floor price set at Rs 71 per share and valued at approximately Rs 4,300 crore. Retail investors and employees can bid on June 3, 2026. Earlier, NHPC shares fell nearly 5% on the announcement of the stake sale. Analysts suggest potential long-term value for patient investors, aligning with energy security and clean energy infrastructure goals. In a separate development, NHPC was identified as one of five stocks in the NSE F&O segment that witnessed a notable surge in futures open interest, exceeding 10% compared to the previous trading session, indicating increased derivatives participation.
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