NHPC Shares Rise 4% As Govt’s OFS Attracts Strong Investor Demand
Shares of state-run hydropower producer NHPC rose more than 4 per cent in morning trade on Wednesday as the government’s offer for sale (OFS) opened for retail investors and employees after receiving strong demand from institutional investors on the first day.NHPC shares traded at Rs 74.88 on the NSE, up 3.61 per cent in the morning session.
The stock had fallen more than 4 per cent on Tuesday after the government launched the OFS to divest up to a 6 per cent stake in the company at a discount to the prevailing market price.
The OFS was oversubscribed 3.47 times on the first day, prompting the government to exercise the green shoe option and increase the stake sale to the full 6 per cent on offer.
“Offer for Sale in NHPC Limited received enthusiastic response from investors and was oversubscribed 3.47 times on the first day. Allocation will be on a price priority basis. The government has decided to exercise the entire green shoe option. Retail investors and employees get to bid on 3rd June 2026,” Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.
The NHPC OFS marks the government’s third stake sale in a public sector undertaking during the current financial year.
Last week, the Centre raised Rs 5,542 crore through the sale of a 2 per cent stake in Coal India, while an 8.08 per cent divestment in Central Bank of India in May generated Rs 2,266 crore.
Following these transactions, the government’s disinvestment proceeds for FY27 have reached Rs 7,808 crore.
The Union Budget has set a target of raising Rs 80,000 crore through disinvestment and asset monetisation in FY27, significantly higher than the revised estimate of Rs 33,837 crore for FY26.
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