The initial public offering of government-owned NTPC Green Energy was 33 percent subscribed on the first day. NTPC Green Energy, the clean energy arm of NTPC, opened its initial public offering on November 19. Investors will be able to bid (subscribe) until November 22. The company has set the share price band for this IPO between ₹102 and ₹108 per share. NTPC Green Energy has raised Rs 3,960 crore from anchor investors.
Retail investors oversubscribed
Retail investors have subscribed 1.33 times the shares offered so far in this IPO. The non-institutional investors (NII) portion was subscribed for 16% of the shares on offer, while the qualified institutional buyers (QIB) portion received no bids on the first day. The company will use the funds raised in this IPO to repay or prepay some or all of the outstanding loans of its subsidiary, NTPC Renewable Energy Limited (NREL).
How much do BPM cost?
NTPC Green Energy Ltd’s IPO on November 20 carries a gray market premium (GMP) of ₹0.80 per share. According to Investorgain.com, its shares are expected to trade at Rs 108.8. However, NTPC Green Energy Limited’s IPO on November 19 had a gray market premium (GMP) of Rs 1.15 per share. The company’s shares will be listed on November 27. There is a lot of 138 shares in this IPO.
How much is the reservation for whom?
NTPC Green Energy IPO has reserved not less than 75% of the shares for qualified institutional buyers (QIB), not more than 15% for non-institutional institutional investors (NII) and not more than 10% of the offer for retail investors. Unreserved. Equity shares totaling up to Rs 20 million have been reserved for employees, and a discount of Rs 5 per share is given to eligible employees.
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