ntpc green energy to list on bse nse post listing view share price anil singhvi view

Shares of the renewable energy arm of the Maharatna utility company NTPC was scheduled to debut on bourses today.

The IPO, which closed for subscription on November 22, was oversubscribed 2.42 times, with significant demand from retail investors. of 3.4 times the subscription meant for them.

This Rs 10,000 crore IPO was the second biggest by the PSU major with a fresh issue of 92.59 equity shares on offer.

Even though most analysts and experts remained positive on the counter from the long-term perspective, nonetheless they anticipated muted listing.

Zee Business Managing Editor expects the stock to make its listing close to its issue price of Rs 108. The market guru advised investors to 'subscribe' to the issue with a three year perspective.  For short term investors, he advised investors to keep a suitable stoploss below issue price.

This is 2-3 years story in renewable energy. Don’t expect big gains in short term, Hold for 2-3 years, he suggested.