Issuer: National Thermal Power Corporation Limited ("NTPC")
Listing: Bombay Stock Exchange ("BSE") and National Stock Exchange ("NSE")
Offering type: Follow on public offering of common shares
Selling shareholder: Offer for Sale by The President of India, acting through The Ministry of Power, Government of India
Offer Size: ~US$[2]bn
Type of shares / Number: 100% secondary. 412,273,220 shares
Employee Reservation: 4,273,220 shares
Net Offer: 408,000,000 shares
Issue break—up: QIB (50%), NIB (15%), Retail (35%)
Bidding process: QIB: Price priority basis (auction); NIB, Retail: Floor price
Floor Price: To be announced 1 day prior to issue opening date
% of post offer capital: 5%
Distribution: RegS, 144A
Business description
NTPC is India's largest power generation company. NTPC's owned and installed power generating capacity is ~19% of India's total installed capacity. In FY2009, NTPC contributed ~29% of the total power generation of India
Shares outstanding: 8,245,464,400 shares
Book-running Lead Managers: JPMorgan, Citi, Kotak, ICICI Securities
Indicative timeline
Issue Open: February 03, 2010
Issue Close: February 05, 2010
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