The initial public offering of NTPC Green Energy, a subsidiary of government company NTPC Limited, will debut on the stock market today. The company launched its issue on November 19, the size of which was Rs 10,000 crore. This IPO received a total subscription of 2.55 times. Shares of the premium gray market company appear sluggish and indicate that NTPC Green Shares’ share price may be flat.
IPO received a cold response
Investors were eagerly awaiting the IPO of NTPC Green Energy. As everyone wanted to invest in the green energy sector, especially among retail investors, there was a lot of enthusiasm regarding this sector. But the IPO of this government company, which opened from November 19 to 22, did not receive the expected response. This issue received a total subscription of 2.55 times. In this, the retail category was the most subscribed at 3.59 times, while the QIB share was subscribed at 3.51% and the NII category at 0.85%.
This amount was raised from anchor investors.
A day before its opening for general investors, NTPC Green Energy’s IPO was opened for anchor investors, out of which the company raised an amount of Rs 3,960 crore by offering 366,666,666 shares. Let us tell you here that during the IPO, the company had set the price band of Rs 102 to Rs 108. While the lot size was 138 shares. An additional 5 percent discount was also given to company employees in this IPO.
What is the condition of stocks in the gray market?
Now let’s talk about the condition of NTPC Green shares in the gray market just before listing on the stock market. Let us tell you that the company’s shares here will cost just 1 Rupee at around 5 am on November 27, 2024. at GMP of Rs. Accordingly, the company’s IPO price is expected to remain stable at Rs 109. Let us tell you that at the time of closing of the IPO, the gray market premium had become zero.
What does this company do?
NTPC Green Energy Limited is a wholly owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company, focusing on launching projects through organic and non-biological routes. As of August 31, 2024, the company had an operational capacity of 3,071 MW of solar projects and 100 MW of wind projects in six states.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
