NTPC Green Energy IPO share price: Strong debut on D-Street or muted listing?

NTPC Green Energy IPO listing: Shares of NTPC Green Energy Limited are expected to make its debut on the stock exchanges on Wednesday after having been subscribed over 200%.

In Short

• NTPC Green Energy IPO subscribed 2.55 times
• Share allotment to be completed by Monday
• MP rose to Rs 3.50, indicating a modest premium

Shares of NTPC Green Energy are set to make its debut on the Dalal Street on Wednesday, November 27, 2024, after having witnessed decent subscription numbers through its 3-day bidding process.

The NTPC Green Energy IPO saw decent investor interest, with an overall subscription of 2.55 times by the third day of bidding on November 22, 2024.

Among the different investor categories, the retail segment showed the highest enthusiasm, subscribing 3.59 times the allotted shares. Qualified Institutional Buyers (QIBs) closely followed, with a subscription rate of 3.51 times. However, Non-Institutional Investors (NIIs), which include high-net-worth individuals, showed comparatively less interest, with their category subscribed at 0.85 times.

STRONG MARKET DEBUT ON CARDS?

“The grey market premium rose modestly from Rs 0 to Rs 3.5 (3.24%), driven largely by the recent rally in the broader index rather than intrinsic enthusiasm," said Gaurav Garg, Lemonn Markets desk.

"We anticipate the stock to list at a premium but expect a decline in subsequent days due to its high valuation. While the renewables sector is performing well and IPOs in this space have seen exceptional listings, this trend may create a 'fear of missing out' (FOMO) effect among investors applying for NTPC Green," he added.

LATEST GMP FOR NTPC GREEN ENERGY IPO

The latest grey market premium (GMP) for NTPC Green Energy's IPO is Rs 3.50 as of November 25, 2024, 7:00 AM.

With the IPO's upper price band set at Rs 108, the projected listing price stands at Rs 111.50, which is calculated by adding the GMP to the cap price. This implies a potential gain of 3.24% per share from the upper price band.

Allotment of shares for NTPC Green Energy IPO will be completed by Monday.

Investors who have bid for NTPC Green Energy IPO can check their allotment status online. They can log in to either the BSE website or the website of Kfin Technologies Limited, the registrar for the issue.

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