ess Trust Of India / Mumbai October 7, 2004
| Max bids at top price of Rs 62/share. |
| The mega initial public offer (IPO) by National Thermal Power Corporation (NTPC) for 86.58 crore shares has been subscribed 273.27%, according to cumulative figures available on the BSE website at 1600hrs. |
| Cumulative bids have been made for 236.58 crore shares at Rs 52, and the maximum bids (161.11 crore shares) have been received at Rs 62. Over 30 lakh shares have been bid at the best price. |
| The bid price band under the 100% book-built issue is Rs 52-62 per share. The IPO will close on October 14, 2004. |
| The public issue of 86,58,30,000 equity shares of Rs 10 each for cash consists of a fresh issue of 43,29,15,000 equity shares and offer for sale of an equal number of shares by the government. |
