Thumping success to NTPC Tax Free Bonds --oversubscribed 11.04 times
23rd Sep, 2015
NTPC’s public issue of Tax Free Bonds has received a thumping response from all categories of investors especially retail category. The issue opened today i.e. 23.09.2015 at 10.00 AM and was over-subscribed in the first half an hour. By the end of Day 1 i.e. by 5.00 PM the issue was oversubscribed by 11.04 times of the base issue size of Rs 400 crore and 6.31 times of the overall issue size of Rs 700 crore. The retail portion was oversubscribed by 6.60 times (of the total issue size allocated to retail), reflecting a huge confidence of retail investors in the Company.
A total demand of over Rs. 4400 crore was generated against the issue size of Rs 700 crore. NTPC’s issue was the first tax free bond issuance in this fiscal.
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