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NTPC Green Energy is simply a wholly-owned subsidiary of nationalist assemblage NTPC Ltd. (Express Archives)
NTPC Green Energy IPO Allotment Status Today: NTPC Green Energy Ltd shares got listed astatine a marginal 3 per cent premium connected bourses implicit its archetypal nationalist offering (IPO) connection terms of Rs 108 per share.
On the BSE, NTPC Green’s shares opened astatine Rs 111.6 apiece, up 3.33 per cent portion connected the NSE the banal opened astatine 111.5 a share.
At 10:10 am, NTPC Green shares were trading astatine 118.35, up 6.05 per cent connected the BSE.
The wholly owned subsidiary of nationalist assemblage NTPC Ltd, NTPC Green Energy’s Rs 10,000 crore initial nationalist offering opened connected November 19 for subscription and closed connected November 22. The terms set of the IPO was fixed astatine Rs 102-108 per stock with each equity stock having a look worth of Rs 10.
The IPO got subscribed 2.42 times, with the contented receiving applications for 143.37 crore shares arsenic against the full offering of 59.32 crore shares, arsenic per the BSE. Retail investors placed bids for 29.71 crore shares arsenic against the full offering of 8.62 crore shares, with the information getting subscribed 3.44 times. The IPO received 85.84 crore bids from qualified organization buyers (QIB) arsenic against 25.88 shares offered, translating into 3.32 times subscription. Non-institutional investors (NIIs) information got subscribed 0.81 times.
NTPC Green Energy’s IPO was wholly a caller contented of equity shares and determination was nary Offer for Sale (OFS) by existing shareholders for the same. This means the full IPO proceeds volition spell to the company. The IPO was the 3rd largest IPO of the year, pursuing Hyundai Motor India’s Rs 27,870 crore contented and Swiggy’s Rs 11,300 crore IPO.
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