The portion of qualified institutional buyers (QIBs) did not receive any bids on the first day.
Government-owned NTPC Green Energy IPO has been subscribed 33 percent on the first day. NTPC Green Energy, the clean energy arm of NTPC, has opened its IPO on 19 November. Investors will be able to bid (subscribe) till 22 November. The company has fixed the share price band for this IPO between ₹102 and ₹108 per share. NTPC Green Energy has raised Rs 3,960 crore from anchor investors.
Retail investors subscribed so much
Retail investors have subscribed 1.33 times the shares offered so far in this IPO. The non-institutional investors (NIIs) portion were subscribed for 16% of the shares on offer, while the qualified institutional buyers (QIBs) portion received no bids on the first day. The company will use the funds raised from this IPO to repay or prepay some or all of the outstanding loans of its subsidiary, NTPC Renewable Energy Limited (NREL).
How much is GMP?
The initial public offer of NTPC Green Energy Limited on November 20 has a gray market premium (GMP) of ₹0.80 per share. According to Investorgain.com, its shares are expected to be listed at Rs 108.8. However, the initial public offer of NTPC Green Energy Limited on 19 November had a gray market premium (GMP) of ₹1.15 per share. The company’s shares will be listed on November 27. There is a lot of 138 shares in this IPO.
How much is the reserve for whom?
NTPC Green Energy IPO has reserved not less than 75% of the shares for qualified institutional buyers (QIBs), not more than 15% for non-institutional institutional investors (NIIs), and not more than 10% of the offer for retail investors. Not reserved. Equity shares aggregating up to Rs 20 crore have been reserved for employees, and a discount of Rs 5 per equity share is being given to eligible employees.
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