NTPC Green Energy IPO Day 1: Subdued response; subscribed 0.30 times so far

NTPC Green Energy IPO: The much-anticipated NTPC Green Energy IPO, a subsidiary of the Maharatna nationalist assemblage endeavor NTPC, failed to garner important involvement connected its archetypal time of bidding, November 19, 2024. The IPO remains unfastened for subscription until November 22, 2024, and spans a four-day bidding process.

NTPC Green Energy IPO Day 1 Bidding Status

According to information from the BSE website, by 3:51 PM, the IPO had received full bids for 5,10,35,160 shares, accounting for 30 per cent oregon 0,30 times of the full contented size of 9,80,39,215 shares.

Here's however NIIs, RIIs, QIBs, and Shareholder showing involvement connected the archetypal time of bidding:

• Non-Institutional Investors (NIIs): Subscribed to 13 per cent oregon 1,63,72,044 shares
• Retail Individual Investors (RIIs): Oversubscribed with bids for 10,79,05,512 shares oregon 125 per cent
• Shareholder Quota: Witnessed a muted effect with bids for 5,20,20,342 shares oregon 53 per cent
• Qualified Institutional Buyers (QIBs): Showed minimal information contiguous (November 19)

NTPC Green Energy IPO Details: Issue Size, Price Band, and Lot Size

With the terms set of Rs 102-108/share the institution launched the IPO with an contented size of Rs 10,000 crore. The batch size for the NTPC Green Energy IPO is 138 shares.

NTPC Green Energy IPO | Allotment date

The allotment day of NTPC Green Energy IPO is fixed connected November 26, which means applicants tin cheque their presumption connected November 26.

NTPC Green Energy IPO | Listing Date

The NTPC Green Energy banal volition debut successful the adjacent week connected Wednesday, November 27, 2024.

Key Details of NTPC Green Energy IPO; BRLMs & Official Registrar

• Book Running Lead Managers (BRLMs): BRLMs: IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Securities, Nuvama Wealth Management
• Official Registrar: KFin Technologies Ltd

Despite precocious expectations, the NTPC Green Energy IPO’s first-day show highlights a lacklustre beginning. The adjacent 3 days volition uncover whether capitalist sentiment improves for this Rs 10,000 crore nationalist offering.