2 more days left for NTPC Green Energy's IPO bidding: Anil Singhvi says 'Subscribe'- Check why
For the renewable energy company, Anil Singhvi has held a positive view and has recommended a 'Subscribe' rating with a long term investment perspective.
NTPC Green Energy IPO: The initial public offer (IPO) of the renewable energy arm of the state-run entity is now open for subscription. The Rs 10,000 crore IPO is the second largest by the PSU company after LIC's issue two years ago. So, as the subscription will run for 2 more days and has been subscribed just 0.33 times or nearly 1/3rd time the shares on offer, it is a good time to rethink on the opportunity at hand.
Here's a quick take on what Zee Business Managing Editor Anil Singhvi believes about the issue:
NTPC Green Energy IPO: Anil Singhvi's View
The expert has given a 'subscribe' on the issue with a long term view of 3 years.
NTPC Green Energy IPO: Company holds leadership in its business area
The recommendation has been advised as Zee Business Managing Editor Singhvi lists a few positives-
-Strong and experienced promoters
- Leader in renewable energy
- Stable growth prospects due to long term PPAs
- Aggressive growth plans to add more capacity
- Strong financial track record
NTPC Green Energy IPO: High dependence on government, competitive signalled as negatives
Some of the negatives highlighted by the market wizard for the company are Increased competition, highly dependable on government policies and the regional focus on Rajasthan Reasonable valuations.
NTPC Green Energy IPO: Price Band
The company has set the price band between Rs 102-108 per share.
NTPC Green Energy IPO: Lot Size
NTPC Green Energy IPO: Retail investors can buy a lot of 138 shares worth Rs 14,076.
NTPC Green Energy IPO: Allotment Date
NTPC Green Energy IPO: The basis of allotment is expected to be finalised on November 25.
NTPC Green IPO: Registrar of IPO
NTPC Green IPO: KFin Techn is the official registrar of the IPO.
NTPC Green Energy IPO: Anil Singhvi sees stock to double by 2027
Even though power stocks do not see high-scale traction, amid the capacity expansion plans until 2027, Zee Business Anil Singhvi sees the stock doubling in the next 3 years. Also, he said these companies do not show any negative fundamentals so considering this it will be wise to invest for a longer term.
IPO subscription status for NTPC as on first bidding day
IPO subscription for NTPC Green Energy remained muted with only 0.33 times subscription on the first day.
Retail investor category led the bidding
In the one-day bidding, Retail investor category subscribed the most by as much as 1.33 times, subscribing for 11,50,38,594 shares.