Mumbai: NTPC Green Energy IPO was subscribed 1.05 times as the final day of bidding on November 22, 2024 (Friday) continued. The initial public offer of the renewable energy arm of NTPC was subscribed 2.76 times in the Retail Individual Investors (RIIs) category; in the Qualified Institutional Buyers (QIB) portion it received a subscription of 0.79 times and 0.41 times in the non-institutional investors (NII) category, as per the latest data available.
NTPC Green IPO opened for subscription on November 22 and will close today, i.e., 22 November. Meanwhile, invetsorgain reported that NTPC Green Energy IPO GMP was Nil. With Zero GMP, the shares of the are expected to be listed on BSE and NSE with no gains or loss.
NTPC Green Energy IPO price band set in the range of Rs 102-108 per equity share.
NTPC Green Allotment expected on November 25
Initiation of Refunds process likely on November 26
The share will be credited to the demat accounts of successful investors on November 26
The stock will list on BSE and NSE on November 27.
NTPC Green IPO review
Adroit Financial Services Private Limited, Arete Securities Limited, Arihant Capital Markets Ltd, BP Equities (BP Wealth), Canara Bank Securities Ltd, cholamandalam securities limited, Geojit Securities Ltd, GEPL Capital Ltd, KR Choksey Securities Ltd, Reliance Securities, SBICap Securities Ltd, and some ithers have given Apply rating on NTPC Green IPO.
book-running lead managers to the issue: Nuvama Wealth Management, HDFC Bank, IIFL Capital Services Ltd (formerly known as IIFL Securities Ltd), and IDBI Capital Markets & Securities.
The PSU declared that the proceeds from the public issue to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd’s (NREL) outstanding loans. NTPC said that some portion of the proceeds will be used for general corporate purposes.
NTPC Green Energy is a ‘Maharatna’ central public sector enterprise.
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NTPC Green Energy IPO GMP figure has shocked the market investors. NTPC Green IPO is closing for subscription on November 22, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
