NHPC,the first IPO by a government owned company in 18 months was subscribed more than 23 times which closed on Wednesday.According to the data available on the NSE website,Qualified Institutional Buyers(QIB) portion was subscribed 29.16 times, HNIs 56.70 times and the Retail Individual Investors was suscribed 3.87 times.NHPC’s public issue follows Adani Power issue, which closed last month, was subscribed 21.59 times.Industry experts feel that the issue price is most likely to be fixed at Rs 36 a share.

Enam Securities, Kotak Investment Banking and SBI Capital Markets were the book running lead managers for the NHPC issue.After Reliance Power,NHPC is set to become the second largest IPO in the country.NHPC at present has a total installed capacity of 5,175 MW.