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, concluded with an overall subscription of more than two times on Friday, November 22. At the end of the bidding process, the IPO received bids for 142.7 crore shares, translating to an oversubscription of 2.4 times the 59.3 crore shares on offer, according to provisional exchange data. NTPC Green Energy is a subsidiary of state-run NTPC, part of the headline NIfty50 index.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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

Subscription Update: Here's how various types of participants responded to the issue. 

Investor Category Subscription 
Qualified institutional buyers (QIBs) 3.3 times
Non-institutional investors (NIIs) 81%
Retail individual investors (RIIs) 3.4 times
Employees 78%
   
Total 2.4 times

Important Dates: The NTPC Green Energy scrip is set to be listed on stock exchanges BSE and NSE on November 27. 

Issue Price: Under the initial public offer, which was available for subscription from November 19 to November 22, NTPC Green Energy shares were available for bidding in the price band of Rs 102-108 per share. 

Lot Size: NTPC Green shares were available for bidding in multiples of 138 units at a time, which translates to Rs 14,076-14,904 per lot. 

How market guru Anil Singhvi viewed the IPO

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

 

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 included 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. 

Catch all the latest stock market updates here. For all other news stories in buzzing categories ranging from technology and automobiles to personal finance, visit Zeebiz.com.