*NHPC IPO price fixed at Rs 36 per share *NEW DELHI: The government has fixed a price of Rs 36 a share for the allotment of shares in the initial public offer of NHPC, thus raising Rs 6,048 crore, of which one-third would go to the Centre as disinvestment proceeds and the rest would remain with the hydro power utility PSU. According to the power ministry sources, the group of ministers has decided to allot shares at the upper limit of the price band of Rs 30-36 a share. The NHPC IPO, in which investors were asked to bid for shares in the price range of Rs 30-36 a share, closed on August 12 with a huge over-subscription of more than 23 times. NHPC shares are likely to be listed on bourses in the first week of September, sources said, without divulging the exact date. The shares on sale during the offer included the government’s 5% equity and 10% of fresh equity issued by the PSU. The government would get Rs 2,016 crore while NHPC would retain the remaining Rs 4,032 crore. Post IPO, the government’s stake would come down to little over 86%.
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