The initial public offering (IPO) of NTPC Green Energy closed on Friday, November 22. According to BSE (Bombay Stock Exchange) data, the NTPC Green Energy IPO has received subscriptions worth 2.40 times the issue size. The subscription on the final day was led by QIBs (Qualified Institutional Buyer) with retail category booked 3.39 times. Notably, the issue was subscribed 33% on the very first day and 93% on Day 2.
The Rs 10,000 crore IPO of the company opened on November 19 and closed today, November 22. The IPO was priced between Rs 102-108 per share. The company’s IPO timeline includes share allotment finalization on November 25, demat account crediting by November 26, and an anticipated stock market listing on the BSE and NSE on November 27, 2024.
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NTPC Green Energy IPO: What Major Brokerage Firms Recommended
Bajaj Broking finds it “a pure long-term investment opportunity”. Anand Rathi gave “subscribe for long term” rating to this IPO. Geojit Securities assigned a “subscribe” rating for the issue on a long-term investment basis. Indsec Securities assigned a “Subscribe for Long-Term” rating to the issue. SBICAP Securities recommended subscribing to the IPO at the cut-off price.
GMP And Expectations On Listing Day
NTPC Green Energy’s grey market premium (GMP) has been declining steadily since the launch of its IPO. GMP witnessed a sharp decline, dropping from Rs 3 on the first day to Rs 0.80 on the second day. Media reports suggest that the GMP has plummeted to zero, indicating a potential flat debut on Indian bourses.
(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)
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