NTPC Green Energy IPO: Opens today, 25% subscribed till, Retail Investors gives strong response

NTPC Green Energy IPO subscription status gives a glimpse of Retail investors having the highest interest among all investor categories in the initial public offering (IPO) of NTPC Green Energy, which opened for subscription today, Tuesday, November 19, 2024.  

According to data from the National Stock Exchange (NSE), the IPO has garnered an overall subscription of 0.24 times as of 12:48 PM.

The retail investor portion was fully subscribed at 1.01 times, showcasing strong demand from individual investors. However, the Non-Institutional Investors (NII) segment saw limited interest, with a subscription level of 0.09 times.  

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Qualified Institutional Buyers (QIBs) recorded the lowest participation so far, bidding for just 7,728 shares against the 25.88 crore shares reserved for the category. The employee and shareholder quotas have been subscribed 0.13 times and 0.41 times, respectively. The public offering of NTPC Green Energy comprises a fresh issue of 92.59 crore shares.

The shares are being offered in a price band of Rs 102-108 per share with a lot size of 138 shares. meanwhile, in the grey market, NTPC Green Energy's unlisted shares are trading at a premium of Re 1, translating to a grey market premium (GMP) of 0.93 percent over the upper price band, according to sources tracking the unofficial market. 

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The subscription window for the IPO will close on Friday, November 22, 2024. The basis of allotment is expected to be finalized on Monday, November 25, 2024.  Successful allottees are likely to receive shares in their demat accounts by Tuesday, November 26, 2024, with the shares tentatively set to list on the BSE and NSE on Wednesday, November 27, 2024.

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