NTPC Green Energy Listing: NTPC Green Energy shares had a decent market debut today. On the National Stock Exchange (NSE), NTPC Green Energy shares commenced trading at Rs 111.50 per share, marking a modest 3.24% premium over the IPO price of Rs 108. On the Bombay Stock Exchange (BSE), NTPC Green Energy shares began trading at Rs 111.60 per share. This represents a 3.33% gain over the issue price.
NTPC Green Energy initial public offering (IPO) received an overwhelming response during the three-day subscription period, attracting bids worth 2.40 times the available shares. Retail investors showed remarkable enthusiasm, oversubscribing their allocated portion by 3.39 times. Meanwhile, qualified institutional buyers (QIBs) also displayed strong interest, subscribing to 3.32 times their allotted shares. However, non-institutional investors (NIIs) showed relatively muted interest, with their allocated quota being subscribed to just 81%, significantly lower than the other categories.
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NTPC Green Energy Listing: Details
- The IPO of NTPC Green Energy’s was opened for subscription Nov 19 to Nov 22. The allocation of the shares was done on Monday, November 25, 2024.
- This IPO was worth Rs 10,000 Crore, and 92.59 crore new shares were issued for this.
- The IPO price band was Rs 102-108 per share. Minimum lot size was 138 shares, with retail investors were mandated to invest at least Rs 14,904 in the IPO.
- The IPO was managed by a consortium of book-running lead managers, comprising IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management, while Kfin Technologies served as the registrar for the issue.
- The company is listed on the BSE and NSE on Wednesday.
- The major competitors of the company are Adani Green Energy and ReNew Energy Global PLC.
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