Government of India has announced an Offer for Sale (OFS) of up to 6% stake in NHPC, the country’s leading hydropower producer. The sale will be carried out in two parts: a base offer of 3% equity and an additional 3% through a Green Shoe Option, which will be exercised if demand exceeds expectations. The floor price for the OFS has been fixed at ₹71 per share, giving investors a clear entry point.
The OFS will open for non-retail investors on June 2, 2026, while retail investors will get their chance a day later, on June 3, 2026. This staggered schedule ensures wider participation across investor categories. The move is part of the government’s broader disinvestment strategy aimed at raising funds while also increasing public ownership in state-run enterprises.
NHPC, known for its strong presence in renewable energy and hydropower projects, has been a steady performer in the power sector. The offer is expected to attract significant interest from institutional investors, given the company’s stable fundamentals and the attractive pricing. Retail investors too may find this an opportunity to buy into a government-backed enterprise at a reasonable valuation.
This OFS marks another step in the government’s ongoing efforts to balance fiscal needs with market participation, while offering investors a chance to own a slice of India’s hydropower giant.
