OFS announcement for NTPC Limited

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OFS announcement for NTPC Limited

The OFS issue will be held on

1.       Tuesday, February 23, 2016 from 09:15 to 15:30 – For Non Retail Bids

2.       Wednesday, February 24, 2016 from 09:15 to 15:30 – For Retail Bids & Non – Retail Carry Forward Bids (Unallocated Non-Retail Bids)

 Name - NTPC Limited

Offer Date - feb 23 - feb 24 2016

Listed on - BSE + NSE

OFS conducted on - BSE + NSE

DSE  - BSE

Issue Size (shares) - 41,22,73,220

Issue Details:

1.       Retail Reservation: 20% of the Issue Size

2.       Allocation Methodology: Price Priority

3.       Floor Price – Rs. 122

4.       Retail Discount: 5% to the Cut-off price in accordance with SEBI OFS circulars