The Government of India, acting through the Ministry of Power, will sell up to a 6% stake in NHPC Limited via an offer for sale (OFS) on the stock exchanges on June 2 and June 3, 2026. The transaction includes a base offer size of 3%, equivalent to 30,13,51,044 equity shares, with an option to sell an additional 3% should the oversubscription option be exercised. The floor price for the offer has been fixed at ₹71 per share.

The offer will be conducted on a separate window of the BSE and NSE. Non-retail investors can place bids on June 2, 2026 (T Day), while retail investors and employees can bid on June 3, 2026 (T+1 Day). The President of India, acting through the Ministry of Power, is the seller for this transaction.

Offer Structure and Allocation

The offer comprises a base offer size and an oversubscription option. If fully exercised, the total offer size will represent 6.00% of the total paid-up equity share capital of the company as on March 31, 2026. Additionally, up to 45,20,265 equity shares may be offered to eligible employees under a separate Employee Offer.

Allocation methodology varies by investor category. Retail investors are defined as those bidding for shares worth not more than ₹200,000. A minimum of 25% of the offer shares is reserved for mutual funds and insurance companies, subject to valid bids at or above the floor price. Any unsubscribed portion available to non-retail investors who choose to carry forward un-allotted bids from T Day to T+1 Day.

Key Offer Details

Bidding and Settlement

Bidding for non-retail investors will occur on June 2, 2026, from 9:15 a.m. to 3:30 p.m. IST. Retail investors and employees can bid on June 3, 2026, during the same hours. Non-institutional investors in the non-retail category must deposit 100% of the bid value upfront, while institutional investors have the option to bid without upfront payment.

Settlement for bids received from the non-retail category on T Day will take place on T+1 Day. For bids received on T+1 Day from retail investors and employees, settlement will occur on T+2 Day. The seller reserves the right to withdraw the offer at any time prior to the opening of the offer on T Day or cancel it post-bidding if sufficient demand is not received from non-retail investors.

NHPC Limited has announced a special window for the transfer and dematerialization of physical shares, complying with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30 January 2026. The initiative provides an opportunity for shareholders to convert their physical holdings into electronic form. The company communicated this development through a notification submitted to the stock exchanges on 01 June 2026.

Publication Details

The notice regarding the special window was published in the following newspapers on Saturday, 30 May 2026:

Regulatory Context

The move follows the directives issued by the Securities and Exchange Board of India (SEBI) to facilitate the seamless transfer and dematerialization of physical securities. The circular referenced by NHPC Limited is HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026. The company has ensured compliance by informing the exchanges and the public through the designated publications.

Company Information

NHPC Limited, a Government of India Navratna Enterprise, operates in the hydroelectric power generation sector. The company is listed on both BSE Limited and National Stock Exchange of India Limited with the scrip code 533098 on BSE and NHPC on NSE. The ISIN for the company's securities is INE848E01016.