NTPC Green Energy IPO: The Rs 10,000 crore IPO is fully subscribed on Friday, November 22, 2024, with strong bids from retail investors, NTPC shareholders, and qualified institutional buyers (QIBs). The IPO will close on Friday for bidding. The latest grey market premium (GMP) of the IPO hints at a muted listing on BSE and NSE which is likely to take place next week.

NTPC Green Energy IPO Subscription Status:

As per the latest data on stock exchanges, the IPO cumulatively received bids of 75,59,60,412 equity shares, against its offered size of 59,31,67,575 equity shares. That being said, the IPO is fully subscribed by 1.27 times.

The largest investors were retail individual investors (RII) as the portion oversubscribed by 2.86 times, followed by NTPC shareholders quota which subscribed by 1.25 times, and qualified institutional buyers (QIBs) which also fully subscribed by 1.21 times. However, the portion reserved for non-institutional investors (NII) and employees quota received subscriptions of 48% and 57%, indicating the demand from these investors is slow.

The bidding will close after the market at 5:30 PM on November 22.

NTPC Green Energy IPO GMP Today:

As per Investor Grain, the NTPC Green Energy IPO last GMP is ₹0, last updated Nov 22nd 2024 10:24 AM. With a price band of 108.00, NTPC Green Energy IPO’s estimated listing price is ₹108 (cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%.

NTPC Green Energy IPO Details:

The IPO is an entirely fresh issue worth Rs 10,000 crore and opened on Tuesday, November 19, 2024. Subscription will close on Monday, November 22, 2024. The price band for the Offer has been determined at Rs 102 – Rs 108 per equity share. The IPO will fetch Rs 10,000 crore at the upper end of the price band. Investors can bid for a minimum of 138 equity shares and in multiples of 138 equity shares thereafter.

The Issue is being made through the book-building process, wherein at least 75% of the net issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not more than 15% of the net issue shall be available for allocation to non-institutional investors, and not more than 10% of the net issue shall be available for allocation to retail individual investors.

NTPC Green Energy IPO: Subscription Status, Latest GMP, Allotment, Listing Details; Is It Worth Buying?

Additionally, the company has reserved Rs 200 crore worth of shares for its employees. The eligible employees will get these shares at a discount of Rs 5 per share to the final issue price. Further, Rs 1,000 crore worth of shares are reserved for shareholders.

After the IPO, the allotment of shares will be considered on November 25, 2024, while the initiation of refunds or credit of shares to the demat account will take place on November 26. This will follow the listing on BSE and NSE on November 27.

Story first published: Friday, November 22, 2024, 13:21 [IST]