New Delhi, June 3 -- NHPC share price surged 5.08% during Wednesday's trading session, defying the stock market crash, as the Indian government's offer-for-sale (OFS) opened for retail investors today.

The stock began the day at Rs.75.56 per share, up from its previous close of Rs.72.29 on Tuesday. A day earlier, NHPC shares had declined more than 4% after the OFS opened for non-retail investors.

The central government, on June 1, announced the launch of the NHPC OFS, comprising a base issue of 3% of equity, with a 3% green shoe option to be exercised in the event of strong investor demand.

As per stock exchange data, the Central government held a 67.4% stake in NHPC at the end of the March quarter.

The floor price for the NHPC OFS ha...