NTPC Green Energy IPO: Opens today, 25% subscribed till, Retail Investors gives strong response
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.
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.
Read Also : TotalEnergies and Oil India Join Forces for Methane Emissions Detection and MeasurementQualified 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.
Read Also : DMRC, NCRTC Launches Integrated QR-Ticketing System Enabling Seamless TravelThe 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.
Read Also : NBCC shares up by 1.17%, after bagging multiple orders worth Rs 112 croreNews Must Read
- DMRC, NCRTC Launches Integrated QR-Ticketing System Enabling Seamless Travel
- K Sanjay Murthy appointed new Comptroller and Auditor General of India
- NHPC Director Reviews Progress of 2000 MW Subansiri Lower HE Project
- DRDO conducts flight test of first long range hypersonic missile off the coast of Odisha
- Defense PSU stock, Bharat Dynamics shares down by 45%, What to expect now
- CMD inaugurates BPCL's 1st LNG Fueling Station
- DVC Signs Power Purchase Agreements with GUVNL
- JGU and IIT Madras to Develop High-Tech Robot Guide for Constitution Museum
- BPCL Shines at 18th Global Communication Conclave, Wins Multiple Awards
- EIL Achieves Milestone: 5 Catofin Reactors Erected at GAIL USAR PDH-PP