The IPO of State Owned Hydro Electric Company – NHPC which opened for subscription this morning was fully subscribed within an hour 🙂
NHPC is a producer of Green Energy which is the most sought after Electrical Power today and will continue to do so. Analysts, will re-rate the stocks and upon listing, NHPC will quote at Higher multiple than other Third Grade companies like Reliance Power. NHPC’s IPO is exclusively reviewed by DalalStreet here.