NHPC shares surged over 5% as the government's offer for sale (OFS) opened for retail investors. The OFS was oversubscribed 3.47 times on the first day, prompting the government to exercise its green shoe option. Retail investors and employees can now bid on June 3, 2026.

The government will sell up to a 6% stake in NHPC through an OFS at Rs 71 per share, aiming to raise about Rs 4,200 crore for FY27.

NHPC shares drop nearly 5% as government announces discounted offer for sale of 6% stake in the company.

The government on Monday announced to sell up to 6 per cent stake in NHPC via OFS at a floor price of Rs 71 per share.