The Initial Public Offering (IPO) of NTPC Green Energy has attracted decent interest from investors as it heads into the final day of bidding on Friday, November 22, 2024. NTPC Green Energy, a renewable energy-focused arm of NTPC Limited, is offering shares priced between ₹102 and ₹108 per share. The IPO is a book-built issue aiming to raise ₹10,000 crore. Here’s a detailed look at the latest updates, subscription status, and expectations for the listing.
Subscription Status
The NTPC Green Energy IPO was subscribed 1.02 times overall. The response has been strong from retail investors, whose portion of the issue was oversubscribed by 2.69 times.
However, other categories of investors have shown relatively lower participation:
- Non-Institutional Investors (NIIs): Subscribed 0.41 times.
- Qualified Institutional Buyers (QIBs): Subscribed 0.75 times.
This mixed response reflects strong enthusiasm among retail investors, but institutional and high-net-worth individuals have adopted a cautious approach.
The Grey Market Premium (GMP) of NTPC Green Energy IPO has been on a declining trend since the IPO opened. On the first day of bidding, November 19, the GMP stood at ₹3 per share. By the second day, this figure had dropped to ₹0.80, and as of the latest update, the GMP has flattened to ₹0.
A flat GMP indicates that there might not be significant listing gains. The grey market reflects investor expectations, and the current trends suggest cautious sentiment regarding the IPO’s debut on the stock exchanges.
Key Dates for Investors
Here are the important dates related to the NTPC Green Energy IPO:
- Subscription Closing Date: Friday, November 22, 2024.
- Share Allotment Finalization: Monday, November 25, 2024.
- Credit of Shares to Demat Accounts: Tuesday, November 26, 2024.
- Listing Date on BSE and NSE: Wednesday, November 27, 2024.
About NTPC Green Energy
NTPC Green Energy operates as a subsidiary of NTPC Limited, which stands as India’s leading power producer. The company is dedicated to renewable energy initiatives, particularly in the areas of solar and wind energy projects. It benefits from the backing of its parent company and is well-positioned in the growing renewable energy market.
Investors with a long-term horizon and higher risk tolerance may find this IPO appealing due to the company’s strong focus on renewable energy. For risk-averse investors, it might be better to wait and watch the stock’s performance post-listing.
The NTPC Green Energy IPO has garnered strong support from retail investors, though the overall subscription and GMP trends suggest a cautious outlook. With the listing date approaching, investors should carefully evaluate their financial goals and market conditions before deciding to invest.
By keeping these updates in mind, you can make an informed decision about participating in the IPO.
