NTPC Green Energy made a respectable debut on the Indian stock market today. The company’s shares began trading on the National Stock Exchange (NSE) at Rs 111.50 per share, representing a modest 3.24% premium over the initial public offering (IPO) price of Rs 108. The shares made their debut on the Bombay Stock Exchange (BSE) at Rs 111.60 apiece, marking a 3.33% premium over the IPO price.
The IPO of the company witnessed a strong response, with bids pouring in for 2.40 times the number of shares on offer during the three-day subscription window. Retail investors demonstrated exceptional interest, oversubscribing their allocated quota by a significant 3.39 times. Similarly, qualified institutional buyers (QIBs) showed robust enthusiasm, subscribing to 3.32 times their allotted share portion. In contrast, non-institutional investors (NIIs) displayed relatively subdued interest, and subscribed 81% of the allocated quota, a notably lower level of participation compared to other investor categories.
Meanwhile, the company’s IPO was opened for subscription from Nov 19 to Nov 22. Additionally, the Company allotted the share on Monday, November 25, 2024. The Rs 10,000 crore IPO comprised the issuance of 92.59 crore new shares. The company priced its shares between Rs 102 and Rs 108 apiece for the IPO. Notably, NTPC Green Energy is set to rival Adani Green Energy and ReNew Energy Global PLC among others.
How NTPC Green Energy Performed On Its Debut Day?
- Shares of the company closed at a price of Rs 122.10 apiece.
- The intraday high for the company’s share stood at Rs 122.75 apiece, whereas the intraday low stood at Rs 111.60 per share.
- 52-week high for the NTPC Green Energy’s share is Rs 122.75 apiece.
- 52-week low for the NTPC Green Energy’s share is Rs 111.60 apiece.
- The total market capitalisation of the company is Rs 1,02,885.49 crore.
ALSO READ: NTPC Green Energy Listing: Stock Debuts With 3.24% Premium On NSE – What You Need to Know?
