BSE Scrip: ISIN INE848E01016

Announcement Date: June 1, 2026

Offer Details:

Type of Transaction: Offer for Sale (OFS) through the stock exchange mechanism.

Seller (Promoter): The President of India, acting through and represented by the Ministry of Power, Government of India.

Number of Shares Offered: Base Offer Size of 30,13,51,044 equity shares (3.00% of paid-up equity). An Oversubscription Option allows for the sale of an additional 30,13,51,044 equity shares (another 3.00%), making a total potential offer of 60,27,02,088 equity shares (6.00% of paid-up equity).

Percentage of Paid-Up Equity: Base Offer represents 3.00% of total paid-up equity share capital as of March 31, 2026. With the Oversubscription Option, it represents 6.00%.

Employee Offer: Additionally, up to 45,20,265 equity shares may be offered to eligible employees of NHPC Limited. Employees may apply for shares up to ₹500,000, but allocation will be considered first for an amount up to ₹200,000 only.

Timelines:

T Day (Non-Retail Investors): June 2, 2026. Bidding session will occur during normal trading hours on a separate OFS window of the stock exchanges.

T+1 Day (Retail Investors and Carry-Forward Bids): June 3, 2026. The session will commence at 9:15 a.m. Indian Standard Time and close at 3:30 p.m. Indian Standard Time.

Bidding Hours: As per normal trading hours on the designated days.

Pricing & Allocation:

Floor Price: ₹71.00 (Rupees Seventy One only) per equity share.

Context: The floor price is the minimum bid price. The final Cut-Off Price for retail investors will be the lowest price at which shares are sold in the non-retail category on T Day.

Retail Discount: Nil. No discount is offered to retail investors.

Allocation Method:

  • Non-Retail Category: Allocation is on a price priority basis at multiple clearing prices. A minimum of 25% of the Offer Shares are reserved for Mutual Funds and Insurance Companies. In case of oversubscription, allocation is done on a proportionate basis.
  • Retail Category: 10% of the Offer Shares are reserved for Retail Investors (individuals bidding for a total value not exceeding ₹200,000). They can bid at or above the Cut-Off Price. In case of oversubscription, allocation is done on a proportionate basis. Any unsubscribed portion is allocated to non-retail investors who carried forward their un-allotted bids.
  • Mutual Funds & Insurance Companies: A minimum of 25% of the Offer Shares are reserved for them, subject to valid bids at or above the Floor Price. Any unsubscribed portion becomes available to other bidders.

Brokers & Settlement:

Seller’s Brokers: ICICI Securities Limited (BSE Code: 103; NSE Code: 07730), Goldman Sachs (India) Securities Private Limited (BSE Code: 3158; NSE Code: 12778), and SBICAP Securities Limited (BSE Code: 0095; NSE Code: 10529).

Settlement Broker: Not explicitly named; settlement is handled by the designated clearing corporation, NSE Clearing Corporation.

Settlement Timelines: Settlement is on a trade-for-trade basis. For non-retail bids on T Day with 100% upfront payment, settlement is on T+1 Day. For institutional bids without 100% upfront payment, settlement is as per normal secondary market rules (T+1). For bids on T+1 Day from retail investors, employees, and carried-forward non-retail bids with upfront payment, settlement is on T+2 Day.

Withdrawal & Cancellation Conditions:

Withdrawal: The Seller reserves the right to not proceed with the Offer at any time prior to the opening of the Offer on T Day. A cooling-off period of 10 trading days is required from the date of withdrawal before another OFS can be made.

Cancellation: Cancellation is not permitted during the bidding period. The Offer may be cancelled in full if the Seller fails to get sufficient demand from non-retail investors at or above the Floor Price on T Day, or in the event of defaults in settlement obligation by the Settlement Broker. A cancellation request must be submitted by 5:00 p.m. on T Day.

Cooling-off Period Post Withdrawal: 10 trading days.

Other Noteworthy Information:

  • The designated stock exchange for the Offer is the National Stock Exchange of India (NSE).
  • The Offer is made in accordance with the SEBI OFS Circular (SEBI/HO/MRDPoD2/CIR/P/2024/00181 dated December 30, 2024) and relevant stock exchange circulars.
  • The document contains extensive legal disclaimers restricting the offer and sale of shares in the United States and other jurisdictions, allowing sales only to Qualified Institutional Buyers (QIBs) in the US and in offshore transactions under Regulation S.
  • Bidders are deemed to make specific representations and warranties regarding their eligibility to participate based on their geographic location and investor status.
  • The Promoter and members of the Promoter Group of NHPC Limited are not allowed to participate in the Offer.