From latest developments, it has been revealed that State-owned NHPC, a hydroelectric power generating company, may delay its initial public offer (IPO) of 167 crore equity shares planned in October, due to market volatility. 

According to official sources, as the market conditions look uncertain for the IPO, so NHPC board has decided to review plan, before the launch. NHPC had earlier scheduled to hit the market between October 13-17. 

NHPC had filed the Draft prospectus with the market regulator last month and it has also received the observations. The company plans to raise funds for its future expansions and part finance the construction and development costs of certain identified projects.
 
This is the second time that NHPC would be shelving the IPO. Earlier, last year it had to postpone its plans as independent directors were not on the Board and this time unstable certain market conditions are held responsible.