• Source:JND
Add as a preferred

NTPC Green Energy Listing Price:  NTPC Green Energy Shares made a tepid debut on stock exchanges on Wednesday, November 27. NTPC Share Price Lists at Rs 111.50 with a minimal premium of 3.2 per cent on NSE, While On BSE the NTPC Green Energy listing price is Rs 111.60, up 3.33 per cent. The listing of NTPC Green Energy shares was in line with early expectations as a diminished listing was anticipated by analysts and the GMP was also suggesting a kind of flat listing.

The IPO was opened for subscription between November 19 to 22 and meanwhile, it got 240 per cent or 2.40 times the subscription. Earlier a day before bidding, the green energy arm of NTPC raised Rs 3,960 crore from anchor investors. The NTPC Green Energy IPO was an entirely fresh issue and there were no offer-for-sale (OFS) components. The company had set a price band at Rs 102-108 per share for its initial share sale.

Also Read: PAN 2.0 Project Benefits: Union Cabinet Approves New QR-Based PAN Card, Will You Have To Apply For New One? Know Everything

NTPC Green Subscription Rate

The IPO of NTPC Green Energy has subscribed 2.40 times or 240 per cent during its three-day bidding period. Retail individual investors (RIIs) reserved portion was subscribed 3.38 times or 338 per cent. Furthermore, the quota reserved for qualified institutional buyers (QIBs) received 3.32 times or 332 per cent bids. However, the non-institutional investor's reserved portion did not receive a full subscription, it was subscribed 0.81 times or 81 per cent. By the mentioned time, bids were received for 1,42,46,53,902 shares, whereas 59,31,67,575 shares were on offer for the Rs 10,000-crore share sale.

NTPC Green Energy IPO GMP

The grey market premium of NTPC Green is suggesting a flat listing even on the day of Listing. According to investorgain.com, the GMP of NTPC Green Energy is Rs 1. The shares are trading at Rs 109, up 0.93 per cent or Rs 1 against the IPO price of Rs 108 in the unofficial market.

Also read: Reliance Power Gets Interim Relief From Delhi HC Against SECI's Ban; Details

The IPO proceeds of Rs 7,500 crore will be utilized for partial or full payment or prepayment of the outstanding loans of its subsidiary NTPC Renewable Energy Limited (NREL), and a portion of it will be used for general corporate purposes.

NTPC Green Energy is a ‘Maharatna’ Central Public Sector Enterprise that has a renewable energy portfolio that includes solar and wind power assets.