NHPC OFS: Govt announces 6% stake sale via offer for sale route, floor price fixed at ₹71

The government of India on Monday (June 1) announced an Offer for Sale (OFS) in state-owned NHPC Ltd with a base offer size of 3% of the company’s equity. The OFS also includes an additional 3% green shoe option in case of oversubscription.

The Ministry of Power will initially sell 3% stake, equivalent to 30.13 crore equity shares, as the base offer size. The government also has an oversubscription option to sell an additional 3% stake, taking the total offer size to 60.27 crore equity shares, or 6% of the company’s paid-up equity capital as on March 31, 2026.

The floor price for the OFS has been fixed at ₹71 per share. The offer for non-retail investors will open on June 2, 2026, while retail investors, eligible employees and non-retail investors carrying forward unallotted bids can participate on June 3, 2026.

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Up to 45.20 lakh equity shares may also be offered to eligible employees. Employees can apply for shares worth up to ₹5 lakh, while bids up to ₹2 lakh will be considered first for allocation.

Around 1% of the offer shares will be reserved for retail investors, while at least 25% of the offer shares will be reserved for mutual funds and insurance companies, subject to valid bids at or above the floor price.

The OFS will be undertaken through ICICI Securities, Goldman Sachs (India) Securities and SBICAP Securities. Shares of NHPC Ltd ended at ₹77.19, down by ₹1.63, or 2.07%, on the BSE.

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