NHPC IPO: Review Analysis & Details

So finally, the government has given the nod for the NHPC IPO or National Hydro Power Corporation IPO. We have been tracking this issue since August 2008, when there were strong news that NHPC IPO may hit the markets. Sooner or later, it has arrived. The news is that it may open on August 7, 2009 and close on August 12, so investors, keep your money ready by that time.
In this article, we will look at the review, analysis and fine details of the NHPC IPO and try to do the Review and analysis of NHPC IPO.
Some basic details first:
What is the issue size of the NHPC IPO?
The NHPC issue size is going to be for around 2500 Crore Rs.

What is the face value or nominal value of NHPC IPO?
The face value is the standard Rs 10 each.

How is the share distribution done?
A total of 1,67,73,74,015 shares will be sold through the NHPC IPO. There will be a fresh issue of 1,11,82,49,343 equity shares by NHPC and an offer for sale of 55,91,24,672 equity shares by the president of india acting through the ministry of power, government of India.
The employees will have a reservation of 4,19,34,350 equity shares while the public's share will be 1,63,54,39,665 shares.

The issue will be around 13.5% of the fully diluted post-issue capital of the company.

How will the capital raised by NHPC IPO be used?
The use of capital will be for power projects by NHPC.

What is the price band of the NHPC IPO
The price band for shares of NHPC IPO is not yet decided.

What is the trading symbol & exchange for the NHPC IPO
No info is available about the trading symbol, but the listing will be on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)

What are the IPO dates for NHPC IPO
The IPO for OIL India is expected to come out on August 7th, 2009 and close on August 12, 2009.

Who are the underwriters of the NHPC IPO?
Enam Securities, Kotak Mahindra and SBI Capital are the book running lead managers. Karvy is the registrar.

What are the analysts recommendations for this IPO?
The company profile look good. It has developed and constructed 13 hydroelectric power stations and its total installed capacity is 5,175 MW.
The demand for Power is going to increase leaps and bounds. With the scarcity of Alternative Energy sources being identified and implemented in countries like India, the Power companies are expected to be benefitting if they can generate good business. Moreover, it is a government backed company, hence, the risk appears to be less. Hence, you can expect some better business prospects for NHPC India