State-owned NHPC, a hydroelectric power generating company, has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India (Sebi) for entering the capital market with an IPO through the book-building route. 

The Public Issue of 1,67,73,74,015 equity shares comprises a fresh issue of 1,11,82,49,343 equity shares by NHPC Ltd and an offer for sale of 55,91,24,672 equity shares by the President of India acting through the Ministry of Power, Government of India.  

NHPC Limited, a Mini Ratna (Category I) Central Government Public Sector Unit is dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. 

The company plans to raise funds for its future expansions and part finance the construction and development costs of certain of identified projects. 

The company, formerly known as National Hydroelectric Power Corporation Limited has developed and constructed 13 hydroelectric power stations and the total installed capacity is currently 5,175MW.

SBI Capital Markets Limited, Kotak Mahindra Capital Company Limited and Enam Securities Private Limited are the lead managers for the public issue.