Suspense Crime Sach Ka Dam
The much-awaited NTPC Green Energy shares got listed on the stock market on Wednesday. But the start was slow. On the National Stock Exchange (NSE), they were listed at Rs 111.5, which was just 3.2 percent higher than the issue price of Rs 108. On the Bombay Stock Exchange (BSE), it was listed at Rs 111.60, 3.33 percent above the IPO price. Let us tell you, the initial public offering (IPO) of NTPC Green, which is worth Rs 10,000 crore. This IPO was open for bidding from November 19 to November 22. The price of the shares of the green energy company was between Rs 102-108 per share for the issue.
2.55 times the bids received
NTPC Green Energy IPO received 2.55 times bids in three days. According to the news, the IPO received bids for 142.65 crore shares against the offer of 56 crore shares. The retail investor segment was booked 3.59 times, while the non-institutional investors (NII) category was not fully subscribed and was bid 0.85 times. The qualified institutional buyers (QIB) portion was subscribed 3.51 times.
The minimum investment was ₹14,904
In the NTPC Green Energy IPO, a retail buyer had to apply for a minimum of 138 shares in one lot. This required a minimum amount of Rs 14,904. There were different lot sizes for small and large NIIs, ranging from Rs 2,08,656 to Rs 10,13,472. IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management were the book-running lead managers to the IPO, while KFin Technologies was the registrar of the issue.
About NTPC Green Energy
NTPC Green Energy is a wholly owned subsidiary of NTPC. As of September 2024, it is the largest public sector enterprise in renewable energy (excluding hydro) based on operational capacity and power generation. According to Livemint, as of September 2024, it had an operational capacity of 3,220 MW solar projects and 100 MW wind projects across 6 states.
