Defying current IPO fatigue, NTPC Green Energy’s initial public offering (IPO) drew swift interest from retail investors, with the segment filling up completely within hours of opening. This IPO is expected to conclude successfully by Friday, November 22, the final day of bidding. NTPC Green Energy, the renewable energy arm of NTPC, launched its initial public offering (IPO) for public subscription on Tuesday, November 19. Before the IPO, the company had raised ₹3,960 crore from anchor investors.
Meanwhile, the Rs 10,000 crore NTPC Green Energy IPO comprises entirely of fresh equity shares, with no share sale component. Additionally, The IPO price range is Rs 102-108 per share, with a minimum investment requirement of Rs 14,904 for retail investors, comprising 138 shares. NTPC Green Energy will reportedly debut on the BSE and NSE on November 27.
NTPC Green Energy IPO: Subscription Status
As of 1:27 PM on the second day of bidding, NTPC Green Energy’s initial public offering (IPO) had reached 85% subscription overall, with the retail portion oversubscribed by 2.12 times, while the Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) segments lagged behind at 0.27 times and 0.74 times subscription, respectively.
Should You Apply?
Indsec Securities: The brokerage has assigned a “Subscribe for Long-Term” rating to the IPO, indicating its potential for long-term returns.
SBICAP Securities: The brokerage recommends subscribing to the issue at the cut-off price, anticipating long-term benefits.
GMP
As per investorgain.com, the Grey Market Premium (GMP) of this IPO stands at Rs 0.80 today. This suggests that the shares are commanding a Rs 0.80 premium in the grey market. Based on the IPO’s upper price band and grey market premium, the shares of the company are likely to list at Rs 108.8, representing a 0.74% gain over the IPO price, said media reports.
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