NHPC Shares Surge 4% as Retail Bidding Opens After Strong OFS Demand

$NHPC Ltd shares climbed over 4% on Wednesday as retail investors began bidding in the government's Offer for Sale (OFS). The issue received overwhelming response on Day 1, getting oversubscribed 3.47 times from non-retail investors. Citing robust demand, the Centre exercised the full 3% greenshoe option, increasing the total stake sale to 6% (around 60.27 crore shares) at a floor price of ₹71 per share. The move is expected to fetch approximately ₹4,200 crore for the government. Retail and employee categories can bid on June 3, 2026. Allocation will be done on a price-priority basis. This marks another successful PSU divestment, reflecting strong investor confidence in India's renewable energy sector.