NHPC Ltd - 533098

Name of Company	NHPC Ltd
BSE Code	533098
NSE Code
ICICI Code
Established
My Take	Like
Headquarters	Faridabad
Promoters	Govt of India
Story	35K Cr market cap company even at all time low of Rs. 28. About 86% promoter stake held by government. Listed in Sep 2009. Really good company with good projects coming up.
Sector	Energy
Sub-sector	Hydro-power
Website	http://www.nhpcindia.com/
Positives	EPS is at 1.76 for FY10 which makes the P/E 16.47. For a annual earnings of 4300 Cr in FY10, the market cap is slightly high. With commissioning of the new power plants, the earnings and profit growth is on track. Hydro-electric power requires less maintainance and no fuel costs.
Negatives	Government policy and slow processing may hurt commissioning new projects. Hydro-electricity requires heavy capital, long commission periods. Profitability depends on vagaries of nature (rain and earthquakes)
Peers
News

NHPC IPO

IPO opens today, ends on August 12th.
price band is from 30 to 36.
Total issue size is 5K06K crore.

Chances of you getting some shares is rare until you apply for the full lot. It is in great demand and as any PSU IPO's have done, this would also be in short supply. The PSU IPO's are also priced on the lower side compared to most private companies. Most Indian brokerage houses do recommend this IPO. Some feel NTPC and powergrid are better power PSU plays.

The price at which NHPC may list may really depend on market levels at the time of listing. NHPC would list at a premium of Rs. 10 (i.e at 46) if market sustains 4650 level. Below 4500, NHPC may at or below issue price.