NTPC Green Energy IPO Closes Today: 100% Subscription, Flat GMP, Key Updates 

The much-awaited NTPC Green Energy IPO, which was launched on November 19, 2024, is scheduled to close today, November 22, 2024. As of the last day, the IPO has picked up well, especially from retail investors, and the subscription numbers have covered 100 per cent of the total shares on offer. The grey market premium for NTPC Green Energy shares has, however, gone flat, and there are doubts on the market mood ahead of the listing.

Subscription Breakdown: Retail Investors Lead the Charge

Bids for 59.26 crores of NTPC Green Energy IPO have been received against the 59.31 crores available for subscription. As per data on the National Stock Exchange (NSE), demand is largely being led by retail investors, who have bid in their reserved category 2.64 times.

Other investor categories led with varying degrees of interest.

• Qualified Institutional Buyers (QIBs) subscribed 0.75 times.
• Non-Institutional Investors (NIIs): Subscribed 0.39 times
• Employee Quota: Subscribed 0.50 times
• Shareholder Quota: Subscribed 1.13 times

Retail investor thirst exemplifies the assurance of NTPC Green Energy's growth prospects as a clean energy business line for India's biggest power generation company.

Flat GMP on Final Day Sparks Mixed Reactions

The NTPC Green Energy share GMP remained at around ₹0.80 today on the last day of bidding after starting with the same amount on the first day of IPO, that is, November 19.

While this might show a cautious feeling in the grey market, analysts feel that the long-term growth prospects of NTPC Green Energy seem to outweigh any short-term volatility. With greater focus on renewable energy sources of power, the company is well-suited for the clean energy mission envisioned for India's future.

NTPC Green Energy IPO Details and Pricing

The IPO consists of a fresh issue of 92.59 crore shares, priced in the band of ₹102-₹108 per share. Investors could bid for a minimum lot of 138 shares, requiring an investment of ₹14,904 per lot. Retail investors with a budget under ₹2,00,000 could bid for up to 13 lots (1,794 shares).

Priced affordably, the issue has attracted retail investors and is one of the most widely talked-about issues in the renewable energy sector for 2024.

Positive Recommendations from Brokerages

Industry's leading brokerage houses such as Reliance Securities, SBI Securities, Mehta Equities, and Swastika Investmart have given buy recommendations on NTPC Green Energy IPO. Analysts believe that focusing on renewable energy, a robust operational model, and long-term profitability are reasons to hold for such investments.

NTPC Green Energy is therefore well-placed to ride the wave of sustainable energy solutions India has stepped up momentum in switching to cleaner power sources.

Mop-Up Basis of Allotment and Listing Details

As the subscription period closes today, the basis of allotment is likely to be approved on Monday, November 25, 2024. Investors are also scheduled to have the shares credited to their demat account on Tuesday, November 26, 2024.

The NTPC Green Energy shares are likely to make their debut on BSE and NSE on Wednesday, November 27, 2024. This will be the first important step for the company.

Why NTPC Green Energy IPO Matters

NTPC Green Energy is the renewable energy arm of NTPC, and it has a crucial role in advancing India's agenda on sustainable energy. Boasting an impressive portfolio of solar, wind, and hydroelectric projects, the company significantly drives NTPC's clean energy growth.The proceeds from the IPO will be instrumental in supporting the growth expansion of NTPC Green Energy's renewable projects, aiming to achieve 60 GW of renewable capacity by 2032.

Also Read: Adani Scandal: Sagar Adani’s 'Bribe Notes' Expose $250M Scheme - Read Now