NTPC Green Energy IPO Day 1: Subdued response; subscribed 0.33 times so far

NTPC Green Energy IPO: The much-anticipated NTPC Green Energy IPO, a subsidiary of the Maharatna public sector enterprise NTPC, failed to garner significant interest on its first day of bidding, November 19, 2024. The IPO remains open for subscription until November 22, 2024, and spans a four-day bidding process.

NTPC Green Energy IPO Day 1 Bidding Status

According to data from the BSE website, the IPO had received total bids for 19,48,57,24 shares, accounting for 0.33 per cent or 0,33 times against the total issue size of 9,80,39,215 shares in its first bidding day process.

Here's how NIIs, RIIs, QIBs, and Shareholder showing interest on the first day of bidding:

• Non-Institutional Investors (NIIs): Subscribed to 16 per cent or 2,00,58,576 shares
• Retail Individual Investors (RIIs): Oversubscribed with bids for 11,51,68,038 shares or 133 per cent
• Shareholder Quota: Witnessed a muted response with bids for 5,59,85,496 shares or 57 per cent
• Qualified Institutional Buyers (QIBs): Showed minimal participation of 87,906 shares on the first day.

NTPC Green Energy IPO Details: Issue Size, Price Band, and Lot Size

With the price band of Rs 102-108/share the company launched the IPO with an issue size of Rs 10,000 crore. The lot size for the NTPC Green Energy IPO is 138 shares.

NTPC Green Energy IPO | Allotment date

The allotment date of NTPC Green Energy IPO is fixed on November 26, which means applicants can check their status on November 26.

NTPC Green Energy IPO | Listing Date

The NTPC Green Energy stock will debut in the next week on Wednesday, November 27, 2024.

Key Details of NTPC Green Energy IPO; BRLMs & Official Registrar

• Book Running Lead Managers (BRLMs): BRLMs: IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Securities, Nuvama Wealth Management
• Official Registrar: KFin Technologies Ltd

Despite high expectations, the NTPC Green Energy IPO’s first-day performance highlights a lacklustre beginning. The next three days will reveal whether investor sentiment improves for this Rs 10,000 crore public offering.