NTPC Green Energy IPO Listing: NTPC Green Energy’s IPO has had a lackluster listing on the stock exchange. The stock with an issue price of Rs 108 is listed on NSE at Rs 111.50, 3.24 per cent above the issue price. NTPC Green Energy shares are listed at Rs 111.60 on BSE with a jump of 3.33 percent. However, after the listing, there has been a tremendous rise in the stock due to buying by investors. The share of NTPC Green Energy has reached Rs 118.80 with a jump of 10 percent.
Company raised Rs 10000 crore
The IPO of NTPC Green Energy was open from November 19 to 22, 2024. The company has raised Rs 10000 crore through IPO. The price band of Rs 102-109 per share was fixed at the face value of Rs 10. The IPO fleet crossed with the strength of retail investors and institutional investors (Qualified Institutional Buyers). The quota of institutional investors has been subscribed 3.51 times and the reserve quota of retail investors has been subscribed 3.59 times. But non-institutional investors stayed away from the IPO and only 0.85 times their reserve quota could be filled. NTPC Green Energy’s IPO could be subscribed only 2.55 times. NTPC Green Energy’s IPO had a lot size of 138 shares for which Rs 14904 had to be paid. Investors could apply for a minimum of one lot and a maximum of 13 lots i.e. 1794 shares. Employees have also been given a discount of Rs 5 per share in the IPO.
No offer for sale in IPO
New shares have been issued in the IPO of NTPC Green Energy Limited and no shares have been offered through offer for sale. The promoter has not sold his stake. In the draft paper filed with SEBI, NTPC Green Energy said that out of the amount of Rs 10,000 crore that will be raised in the IPO, Rs 7500 crore will go towards loan repayment. The company will spend the remaining amount on general corporate purposes and expansion. NTPC Green Energy is a Maharatna public sector company engaged in renewable energy and has solar and wind energy power assets in its portfolio.
read this also
Adani News: Adani Group’s statement, ‘Gautam Adani, Sagar Adani and Vineet Jain have not been accused of bribery in America’
