NHPC likely to list between Rs 42-45

MUMBAI: Government owned NHPC is likely to list at premium of Rs 6-9 from its issue price of Rs 36.

NHPC had come out with a intial public offering of around 168 crore shares of face value Rs 10 each to raise Rs 6,000 crore for its hydro power projects.

���It is a long term investment call and once the stock is likely to take support at Rs 40 levels,��� said Anita Gandhi, head institutional sales, Arihant Capital Market.

The proceeds will be used to part finance the construction and development costs of certain of projects, namely, Subansiri Lower, Uri ��� II, Chamera - III, Parbati ��� III, Nimoo Bazgo, Chutak, and Teesta Low Dam - IV.