NTPC Green Energy IPO to list tomorrow: What investors can expect

NTPC Green Energy, the renewable vigor limb of state-owned NTPC, is acceptable to debut connected the banal exchanges tomorrow, November 27, 2024. Analysts are cautiously optimistic astir the company’s semipermanent prospects but expect a muted listing summation for investors.

The IPO, which closed for subscription connected November 22, was oversubscribed 2.42 times, with important request from retail investors. 

Analyst perspectives

• Shivani Nyati, Swastika Investmart: The company’s diversified portfolio and accordant gross maturation are strengths, but assertive valuations and borderline fluctuations could bounds short-term upside.

• Prashanth Tapse, Mehta Equities: While marketplace sentiment and valuations whitethorn headdress listing gains to 0-5 per cent, NTPC Green Energy's absorption connected greenish hydrogen, chemicals, and artillery retention positions it arsenic a cardinal subordinate successful India’s vigor transition. Tapse advises semipermanent investors to clasp contempt short-term volatility.

IPO show snapshot

• Subscription breakdown:

  • Retail Individual Investors (RIIs): 3.44 times
  • Qualified Institutional Buyers (QIBs): 3.32 times
  • Non-Institutional Investors (NIIs): 0.81 times

• IPO details:

  • Price band: Rs 102-108
  • Lot size: 138 shares

NTPC Green Energy’s ambitious extremity of achieving 60 GW of renewable vigor capableness by FY32 underscores its strategical value successful NTPC's greenish concern initiatives. Non-allotted investors whitethorn see accumulating shares astir the contented terms for semipermanent growth.