What to watch. NTPC’s offer-for-sale opens on Tuesday

The offer-for-sale of NTPC will open on Tuesday for non-retail investors and on Wednesday for retail investors. The Centre plans to sell 41.22 crore shares; the floor price has been set at ₹168. The issue also has an option to sell up to 41.22 crore shares (over-subscription). Retail investors will get 5 per cent discount on the cut-off price. A further 5 per cent equity sold pursuant to the offer (above offer size) may be offered to willing employees at 5 per cent discount to the cut-off price.