IPO: NTPC Green Energy will list on the Indian stock market this Wednesday, November 27. This IPO witnessed a significant response during its three-day subscription period, garnering subscriptions 2.40 times the available shares. Following this, the allotment status for the IPO was finalized on Monday, November 25, 2024.

The IPO received an overwhelming response, with overall subscriptions reaching 2.40 times the offered shares. Notably, retail investors demonstrated strong enthusiasm, subscribing to their allocated portion 3.39 times, while qualified institutional buyers (QIBs) also showed significant interest, subscribing 3.32 times their allotted shares. In contrast, the non-institutional investors (NIIs) category saw relatively subdued demand, with their allocated quota being subscribed to only 81%.

As of today, the Grey Market Premium (GMP) for the company’s IPO stands at Rs 4, marking a Rs 2 increase from the weekend’s GMP. According to market analysts, the surge in grey market sentiment for this IPO can be attributed to the recent turnaround in the Indian stock market. Analysts noted that the key indices on Dalal Street experienced a notable rebound on Friday, which likely had a ripple effect on the unlisted stock market.

Analysts anticipate further improvement in grey market sentiment for NTPC Green Energy IPO, provided the secondary market continues its upward momentum.

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NTPC Green Energy IPO: Details

• The IPO of NTPC Green Energy’s was opened from Nov 19 to Nov 22. The allocation of the shares was done on Monday.
  This IPO was worth Rs 10,000 Crore. 92.59 crore new shares were issued for this.
  The IPO price range was kept Rs 102-108 per share. Minimum lot size was 138 shares, with retail investors were to invest at least Rs 14,904 in the IPO.
  IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management were managing this IPO as book-running lead managers. Kfin Technologies was the issue’s registrar.
  The company will be listed on BSE and NSE on Wednesday.
  The major rivals of the company are Adani Green Energy and ReNew Energy Global PLC.

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