This highly anticipated NTPC Green Energy IPO is finally going to be listed on the stock exchanges, and NTPC Green Energy listing date has been scheduled for Wednesday, November 27, 2024, both on NSE and BSE. After the strong subscription it received in its recent IPO, market participants await to see how this giant in renewable energy would perform on its debut. Let’s dive into this listing, price predictions, and potential gains.
NTPC Green Energy IPO Details
NTPC Green Energy IPO Priced in the range of ₹102 to ₹108 per share, NTPC Green Energy IPO closed its three-day subscription on November 22, 2024, garnering 2.42 times oversubscription. Retail investors accounted for a 3.44x subscription of their reserved portion, showing a great interest in the company’s plans in green energy growth.
Institutional Flair Institutional investors were very powerful too with Qualified Institutional Buyers (QIBs) putting memberships 3.32 times their allocated quota. Then again, non-institutional investors (NIIs) figured out how to buy into just 81% of their quota. Representatives and investors were additionally consistently buying in 80% and 160% to their particular quotas.
NTPC Green Energy Listing Date News
As confirmed, the listing date of NTPC Green Energy on NSE and BSE is November 27, 2024. Investors are already observing keenly the listing to estimate its performance, given increasing focus on renewable energy in India’s energy sector.
NTPC Green Energy Listing Price Prediction
The NTPC Green Energy listing price prediction will bring the shares to the bourses at around ₹111.50 per share based on the grey market premium, or GMP. For the record, as of November 25, the GMP is set at ₹3.50 at a premium of 3.24% over the upper end of the IPO price band of ₹108.
This is quite a significant improvement from the previous GMP of ₹0.80 witnessed on November 19, when the IPO price band was first floated. The gain shows increased confidence and optimism in the company among the investors and future in the segment of renewable energy.
NTPC Green Energy Listing Gain Prospects
With a listing price of ₹111.50, the early investors may expect to gain around ₹3.50 per share. This again pertains to a relatively low return of 3.24%. Analysts, however, tend to think that in the long term, NTPC Green Energy would be more than worth an investment in one’s portfolio.
Sources such as IPOWatch highlight the successive rising demand for the NTPC Green Energy IPO in the grey market. The stable GMP performance depicts the optimism of the unlisted market participants and their expectations of a good opening on NSE and BSE.
Company Overview: NTPC Green Energy Limited
NGEL, a wholly owned subsidiary of state-owned NTPC, is an important player in India’s renewable energy push. The focus areas here are solar and wind, along with hybrid energy projects, and the company aims for 60 GW of renewable energy capacity by FY32. The ₹10,000 crore IPO proceed will be used to fund investment in NREL and retire existing debt.
NGEL is an active participant in bidding processes, tenders, and Ultra Mega Renewable Energy Power Parks to achieve sustainable growth. Its robust portfolio makes it the leader in India’s green energy transition.
The NTPC Green Energy listing date news has made investors and industry practitioners optimistic. Strong market presence and ambitious renewable energy target do make NTPC Green Energy promising for long-term investors.
FAQ:
What is the listing of ntpc green?
The listing of NTPC green is scheduled to be listed on November 27, 2024.
Are NTPC and NTPC Green Energy the same?
They are not same but is rather NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Ltd.
What is the lot size of NTPC Green IPO?
There are 138 shares of NTPC Green IPO.
How to invest in NTPC Green Energy?
By buying shares, one can invest in NTPC Green Energy. To buy the shares, one must have and log into their Zerodha account.
