NTPC Green Energy IPO Subscription: Retail investors' share completed, gray market giving positive signals

NTPC Green Energy IPO Subscription: NTPC Green Energy's IPO has opened for investment. The reserve portion for retail investors has been subscribed about one and a half times. However, the total IPO is still only 39 percent filled.

The last date for bidding in the IPO is Friday, November 22. Earlier on November 21, anchor investors invested Rs 3960 crore. In this, 36,66,66,666 shares were issued at a price of Rs 108.

NTPC Green Energy is a subsidiary of government company NTPC. The company has launched an IPO to raise Rs 10 thousand crore. The price band for the IPO has been fixed at Rs 102 to Rs 108 per share.

NTPC Green Energy IPO Subscription Status

Category Subscription (times)

QIBs 0.00

NIIs 0.17

Retail 1.47

Employees 0.19

Total 0.36

NTPC Green Energy IPO GMP

NTPC Green Energy IPO has opened. There are good signs in the grey market regarding this. GMP is currently trading at 80 paise per share. This is indicating a slightly strong listing. In this regard, the stock is indicating a listing at a price of Rs 108.80. According to Investorgain.com, the GMP of NTPC Green Energy was at Rs 9 on November 12. Earlier on November 9, the GMP was Rs 25.

NTPC Green Energy IPO

Open from 19 to 22 November
Price band: Rs 102-108 per share
Lot size: 138 shares
Issue size: Rs 10,000 crore
Listing date: 27 November
NTPC Green Energy IPO details

The IPO of government company NTPC Green Energies has opened from Tuesday. The renewable energy sector company plans to raise Rs 10,000 crore through IPO. In this, new shares will be issued with a face value of Rs 10. The special thing is that some part will be reserved for employees in the IPO. Also, a discount of Rs 5 per share will also be available. There is no OFS in the IPO.

The business of the government company is strong

NTPC Green Energy is the largest government renewable energy company in the country in terms of power generation and operating capacity in FY24. This company comes under the Ministry of Energy. As of June 30, 2024, NTPC Green Energy's portfolio stood at 14,696 MW, which includes 2,925 MW of operational projects and contracted or awarded projects of 11,771 MW. Apart from this, projects of 10,975 MW are in the pipeline.