Amid the recent rally in the shares of government companies, an opportunity to buy a government share is opening from today. OFS of renewable energy sector government company NHPC Limited is opening from today. In this offer for sale, NHPC’s shares are going to be available at a discount.
One percent green shoe option
The government plans to sell 2.5 percent stake of NHPC through this OFS. That means, 2,51,125,870 shares of NHPC are going to be sold in this offer for sale. Along with this, a green shoe option of 1 percent has also been kept. That is, according to the market conditions, the government can also sell one percent additional shares in NHPC.
Offer is opening from today
This offer for sale is going to remain open for two days. The offer which is opening today i.e. 18th January, will be available for four sale subscription till tomorrow i.e. 19th January. Today this offer will be available for non-retail investors, while retail investors will be able to participate in this offer on January 19.
So much discount is being available in the offer
The government has extended this offer for Rs. The rate for sale has been fixed at Rs 66 per share. This is well below the current share price of NHPC. NHPC shares closed at Rs 73.25 on Wednesday with a rise of 1.24 per cent. This means that in the offer for sale, a discount of about 10 percent is being given compared to the current price.
The price is on the threshold of becoming a multibagger.
In the last 5 days, its shares have increased by 6 percent. There has been an increase of 12 percent in the last one month. In the last 6 months, the price of this share has increased by more than 60 percent. Its price has strengthened by 75 percent in the last one year.