1 day left to apply for NTPC Green Energy IPO: Subscription status, issue price, lot size, other important things to know

NTPC Green Energy IPO: NTPC Green Energy's initial public offer (IPO), to raise up to Rs 10,000 crore through fresh issuance of shares, will remain open for subscription between 10 am and 5 pm till Friday, November 22. On Thursday, the second day of the three-day bidding process, the IPO received bids for almost 55 crore shares, translating to an overall subscription of 93 per cent given the total 59.3 crore shares on offer, according to provisional exchange data. NTPC Green Energy is a subsidiary of Nifty50 company NTPC. 

Here are some of the key things to know about the PSU IPO: 

Subscription Update: By 5 pm on Thursday, the IPO's retail portion was booked 2.4 times, after securing an oversubscription of 130 per cent in the previous session, according to the data.

Other categories—including qualified institutional buyers and high-net-worth individual investors—were yet to be fully subscribed. 

At that time, the portion reserved for NTPC Green Energy employees was yet to reach even the half way mark, with a subscription of 39 per cent, according to the data.   

After the subscription window closes on Wednesday, the IPO will be available for the final day of bidding on Friday.  

Important Dates: The subscription window opened on Tuesday and will close on Friday, November 22. 

The basis of allotment is likely to be finalised tentatively on November 25 and the scrip is set to be listed on stock exchanges BSE and NSE on November 27. 

Issue Price: Under the initial public offer, NTPC Green Energy shares are available for bidding in the price band of Rs 102-108 per share. 

Lot Size: Potential investors can bid for NTPC Green shares in multiples of 138 units at a time, which translates to Rs 14,076-14,904 per lot.

Shares offered in the primary market are available for bidding in batches. The number of shares available for bidding—known as the lot size—is determined by the issue price. 

Should you subscribe? Here's what market guru Anil Singhvi thinks

Having positive views on NTPC Green Energy, Zee Business Managing Editor Anil Singhvi suggests subscribing to the IPO from a long-term investment perspective.

Read more on how market wizard Anil Singhvi views NTPC Green IPO

Anchor Investors: Prior to the IPO launch, NTPC Green Energy raised a sum of Rs 3,960 crore from anchor investors by issuing 36.7 crore shares at Rs 108 apiece. 

The PSU's anchor investors include LIC, ICICI Prudential MF, SBI Life Insurance and HDFC Life Insurance.

Company Profile | What is NTPC Green Energy and what does it do?

NTPC Green Energy is the umbrella company for state-run power generation firm NTPC's green business initiatives. NTPC Green Energy undertakes projects through organic and inorganic routes.

NTPC Green Energy aims to be the flag-bearer of NTPC’s green energy journey to achieve its ambitious target of 60 GW by the financial year 2031-32. 

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