IPO (Initial Public Offering) of NTPC Green Energy defies market trends, attracting strong retail demand as the segment fills up in just hours. As of Thursday, the second day of subscription, NTPC Green Energy’s IPO was 93% subscribed. NTPC Green Energy’s Rs 10,000 crore IPO, priced between Rs 102-108 per share, opened on November 19 and closes on November 22. The company’s IPO timeline includes share allotment finalization on November 25, crediting of shares to demat accounts by November 26, and a likely stock market debut on the BSE and NSE on November 27, 2024.

NTPC Green Energy IPO: Subscription Status

As per BSE data, NTPC Green Energy’s IPO garnered 93% subscription by the end of Day 2. Retail investors led the charge, subscribing 2.38 times their allotted portion, while Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) subscribed 34% and 75%, respectively. Notably, the issue was subscribed 33% on the very first day.

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Should You Apply?

Bajaj Broking: “The company has posted net profits for the reported financial periods, the IPO is considered aggressively priced based on FY25 annualized earnings. Investors who are well-informed and have surplus cash might consider investing moderate funds for the long term, as this represents a pure long-term investment opportunity.”

Anand Rathi: “We believe this issue should be considered for its long-term growth. Hence, we give a “subscribe for long term” rating to this IPO.”

Geojit Securities: Geojit Securities has assigned a “subscribe” rating for the IPO on a long-term investment basis.

Indsec Securities: The brokerage has assigned a “Subscribe for Long-Term” rating to the issue, expecting long-term returns.

SBICAP Securities: The brokerage recommends subscribing to the IPO at the cut-off price, expecting long-term returns.

GMP

NTPC Green Energy’s grey market premium (GMP) has been trending downward since the IPO launch. The IPO’s GMP plummeted from Rs 3 on Day 1 to Rs 0.80 on Day 2. According to media reports, the GMP has dropped to zero, hinting at a flat listing on Indian stock exchanges.

(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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