A stake of 8% is reserved for large retail investors, while corporate investors can subscribe to the remainder 85% of the available shares.
The indicative price range was set at 11 to 13.5 lei (EUR2.5 to EUR3.07) per share and at $13.55 to $16.63 per each global depositary receipt, or GDR.
Minister-delegate for Energy Razvan Nicolaescu said Wednesday that the government hopes to raise at least EUR435 million at the offering.
He said the IPO should be completed on June 26, while the actual listing is scheduled for July 3.
The offering is considered successful if all shares are subscribed.