February 06, 2013

NTPC Shares Offer on 07-02-13 - Floor Price Rs. 145

Floor Price Rs. 145


The promoters of NTPC Limited proposes to sell 78,32,62,880 Equity Shares exclusively through stock exchanges (BSE & NSE) on 7th February 2013 via Offer for Sale segment. The offer under this segment enables promoters to dilute their holdings in listed companies in a transparent manner with a wider participation.
 
Details of the Offer :
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Company NameNTPC Ltd
SymbolNTPC
Issue Size78,32,62,880 Equity Shares of Rs10/- each
Date of an Offer7th February, 2013
OFS Bidding Time09:15 Hrs to 14:30 Hrs.
Bid Modification & Cancellation Time09:15 Hrs to 14:30 Hrs.
Floor Price    Not disclosed*
Market Lot  1 Equity share
  Tick Size   Rs 0.05
Allocation MethodologyThe allocation shall be on the price priority method at multiple clearing prices in accordance with the circulars
*The Floor Price for the  OFS Issue will be disclosed by the designated stock exchange (BSE) on its website on 6th February,2013 after market hours 
 
What is Price-Priority basis (Multiple Clearing Price)?
"Multiple Clearing Prices" are the prices at which the shares are allocated to the successful bidders on the basis of price priority methodology. For ex, NTPC Offer for Sale proposes to allocate at multiple clearing price methodology. If the highest bid received by designated stock exchange is at 200 next is at 170, 150 and so on. Then the investors who has placed highest bid at 200 will first get allotment at 200 then the next investor who has bid at 170 would be allotted at 170 and so on as per price priority methodology, depending on the availability of shares. The allotment at 200 will happen even if the stock is available in the secondary market at a lesser Price (CMP) say of 180/-
 
Note:
  • Every bid/order should be backed by 100% cash margin
  • The duration of the OFS shall not exceed one trading day
  • Placing of orders by Trading Member(s) will take place during normal trading hours (9:15 am - 3:30 pm)
  • In case of market closure due to the incidence of breach of ‘market wide index based circuit filter’, the offer for sale shall be halted
  • Transaction Charges, STT and other levies collected in the equity segment are applicable for OFS segment
  • Under OFS there is no retail or non-institutional category of investors, thus there is no reservation or discount for any of the bidders in this issue
  • Allocation basis for this offer is on price priority and hence client may get proportionate or even zero allotment in case their bid is lower than the final allocation price as decided by the exchange
     
How to Invest?
To participate in NTPC Ltd “Offer For Sale”, please contact your branch.
 
Toll free number
Website
Email Id
1800 209 9191 l 1800 222 299
 

Disclaimer
: Kotak Securities Ltd. Regd. Office:Bhaktawar, 1st floor,229, Nariman Point,Mumbai – 400021.Correspondence Address: Infinity IT Park,Bldg. No 21,Opp Film City Road,AK Vaidya Marg,Malad (East),Mumbai 400097.Tel no :66056825 SEBI Registration No's: NSEINB/INF/INE 230808130, BSE INB 010808153/INF 011133230, OTC INB 200808136, MCXSX INE 260808130. Investment in securities are subject to market risk, please read the SEBI prescribed Combined Offer Document prior to investing. The number 1800 209 9191 / 1800 222 299 is toll free from landline and mobile. Customer Service timing: Monday to Friday from 8:00 am to 800 pm and Saturdays from 9:00 AM to 2:30 PM. This is not a recommendation to subscribe and investors are required to do their own due diligence before bidding under OFS

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