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NTPC listing on Nov 5

October 14, 2004 11:56 IST

Power major National Thermal Power Corporation will list on major stock exchanges on November 5.

"We will list in the stock exchanges on November 5," NTPC CMD C P Jain said on Thursday.

Asked what would be the cut-of price for the issue, he said, "We will decide that in the a couple of days."

The mega initial public offer of NTPC continued to receive enthusiastic response from investors for the fourth day of the bidding on Tuesday leading to an oversubscription of 6.77 times on cumulative basis.

The investors had placed cumulative bids for 586.97 crore shares against 86.58 crore shares on offer at the end of the fourth working day of bidding, according to the NSE data.

Expressing his happiness on the overwhelming response to the IPO, Jain said: "This is the vote of confidence in the country's power sector reforms."


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