Record-breaking NTPC is offering bonds from Wednesday

NTPC has already issued Rs 300 cr on private placement basis to institutional investors

GN Bureau | September 21, 2015




K Biswal, director ( finance ) NTPC says the public sector company has a history of creating records in regard to tax free bonds. He is right and now it is looking to make another record.

Earlier issue in December 2013 was oversubscribed by 3.67 times. NTPC has already issued Rs 300 crore on private placement basis to institutional investors which received an overwhelming response and the issue was oversubscribed by 7.25 times

Now, the balance amount of Rs 700 crore is being raised through public issue. The issue opening date is  September 23 (Wednesday). Of this 40% (Rs 280 crore) is reserved for allocation to retail category.

The issue is managed by 4 reputed Lead Managers – AK Capital, Edelweiss Financial, Axis Capital, SBI Capital and the consortium members – AK Stockmart, Edelweiss Securities, SBICAP Securities.

The legal advisor to the issue is a leading legal firm – AZB & Partners. There are three tenures 10, 15 and 20 years. The investors are classified under two categories retail and non-retail. The non retail category consists of QIBs, Corporates and HNIs.

At the announcement of the issue, AK Jha, CMD of NTPC informed that the power PSU is the largest power producer in India in terms of both installed capacity and generation. Its aggregate installed capacity is 45,548 MW (including 39352 MW through directly owned units and 6,196 MW through Subsidiaries and Joint Ventures) as on September 10.

The company has a capacity of 23,004 MW which is under different phases of completion as on date. NTPC’s capacity excluding renewable but including capacity of subsidiary and joint ventures represented market share of 18.77% of India’s total installed capacity and we generated 260.58 billion units of power, representing market share of 24.95% of India’s total power generation in fiscal 2015.

Comments

 

Other News

CAG flags major fiscal lapses in Maharashtra

Maharashtra`s fiscal management has come under sharp scrutiny after the Comptroller and Auditor General (CAG) of India, in its State Finances Audit Report for 2024-25, flagged significant budgetary inefficiencies, accounting irregularities, understatement of key fiscal indicators and widespread governanc

The health sector research we are not doing

Some neglect is loud. This kind is quiet. It sits in research never commissioned, data never collected, questions never asked. In South Asia, that quiet has let the region’s worst health problems stay understudied, underfunded, and out of sight of those who could act.  

Study flags accessibility and last-mile challenges on Mumbai Metro Aqua Line

Mumbai Metro Line 3 (Aqua Line), the city`s first fully underground metro corridor and one of its largest public transport investments, represents a major engineering achievement and has been widely welcomed by commuters. However, the overall commuter experience continues to be constrained by accessibili

Centre intensifies preparedness as El Niño threat looms

Amid uncertainty in the southwest monsoon due to the potential impact of El Niño, the government is addressing the situation with comprehensive preparedness, a clear strategy, and strong ground-level action. While challenges remain, the entire system has been activated in advance and is working proa

India is crossing a climate threshold

On June 28, Delhi recorded a maximum temperature of 41.3°C, four degrees above the seasonal normal. But the “feels like” temperature, which factors in humidity, showed more than 51°C. What the body experienced was very different from what the thermometer recorded.  India`

The Geography of India’s inflation

India today finds itself in an unusual position. At a time when geopolitical conflicts, trade fragmentation, and supply-chain disruptions are reshaping the global economy, the country`s macroeconomic fundamentals remain relatively upwards. Growth remains among the highest in the world, inflation has larg





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter