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Business News/ Markets / Ipo/  NTPC Green Energy IPO highlights: Issue booked 2.42x; Check GMP, subscription status, other key details
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NTPC Green Energy IPO highlights: Issue booked 2.42x; Check GMP, subscription status, other key details

NTPC Green Energy IPO Day 3 LIVE Updates: NTPC Green Energy IPO opened for subscription on November 19 and closed today, November 22. The finalisation of share allotment for the NTPC Green Energy IPO is expected to take place on Monday, November 25.

NTPC Green Energy IPO Day 3 LIVE Updates: The public issue worth ₹10,000 crore has seen robust interest, particularly from retail investors.Premium
NTPC Green Energy IPO Day 3 LIVE Updates: The public issue worth 10,000 crore has seen robust interest, particularly from retail investors.

NTPC Green Energy IPO Day 3 LIVE Updates: The initial public offering (IPO) of the government-owned NTPC Green Energy IPO commenced for subscription on Tuesday, November 19, and closed today, November 22. At the end of the third day, NTPC Green Energy IPO was subscribed 2.42 times, with retail investors subscribing to the issue 3.44 times the shares offered. The qualified institutional buyers (QIBs) segment is booked 3.42 times and the Non-Institutional Investors (NIIs) portion is booked 81 per cent.

NTPC Green Energy's IPO, valued at 10,000 crore, is comprised entirely of fresh issues of new equity shares, with no segment designated for an offer-for-sale (OFS). NTPC Green Energy is recognised as a central public sector enterprise with 'Maharatna' status, concentrating on renewable energy through solar and wind power projects across more than six states.

Stay tuned for more updates 

21 Nov 2024, 09:01:10 AM IST

NTPC Green Energy IPO Day 2 LIVE Updates: All you need to know about the firm's projects

As of September 30, 2024, the company engaged with 17 offtakers across a total of 41 solar projects and 11 wind projects. The term "offtakers" refers to entities with which the company has operational megawatts, whether contracted or awarded, including those with signed Power Purchase Agreements (PPAs) or Letters of Authorization (LoAs). Notably, all 9 of the offtakers from which the company generated revenue during the six-month period ending September 30, 2024, were government agencies and public utilities, with whom they maintain long-term PPAs averaging 25 years in duration.

21 Nov 2024, 08:47:31 AM IST

NTPC Green Energy IPO Day 2 LIVE Updates: Check out latest GMP ahead of Day 2 bidding 

NTPC Green Energy IPO GMP today is +0.80. This indicates NTPC Green Energy share price was trading at a premium of 0.80 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of NTPC Green Energy share price is indicated at 108.8 apiece, which is 0.74% higher than the IPO price of 108.

According to the evaluation of the last 18 sessions of grey market activities, the present GMP of 0.80 is exhibiting a tendency towards a decline. The lowest GMP recorded is 0, while the highest is 25, as per the insights provided by investorgain experts.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.

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