The government’s offer for sale (OFS) in NHPC was subscribed 3.47 times on June 2, DIPAM Secretary Arunish Chawla said. He added that allocation will be carried out on a price-priority basis. Retail investors and employees can place bids on June 3, 2026, while the government will exercise the entire 3 per cent greenshoe option in the OFS.
A stock exchange filing by the company noted that the government proposes to sell 3.00 per cent of the paid-up equity, equivalent to 30,13,51,044 equity shares, held in the company having a face value of Rs 10/- each as the base offer size.
Government’s option
The filing stated that the government has an option to additionally sell up to 30,13,51,044 equity shares under the oversubscription option, ANI reported.
If the oversubscription option is fully exercised, the equity shares forming part of the base offer size and the oversubscription option will represent 6.00 per cent of the total paid-up equity share capital of the company as on March 31, 2026, collectively representing 60,27,02,088 equity shares.
Shares to the eligible employees
Additionally, up to 45,20,265 equity shares may be offered to the eligible employees of the company. Eligible employees may apply for equity shares up to Rs 500,000, though any bids by eligible employees will be considered for allocation, in the first instance, for an amount up to Rs 200,000 only.
“Offer for Sale in Coal India Limited received enthusiastic response from investors and was over subscribed 8.14 times on the first day. Allocation will be on price priority basis. Government has decided to exercise the entire green shoe option,” the DIPAM Secretary said in a separate post on X.
