NTPC Green IPO GMP Price: Government power company NTPC Green is going to be listed in the stock market tomorrow i.e. on Wednesday. The IPO of this subsidiary company of NTPC was opened on 19 November and closed on 22 November. NTPC Green has raised a total of Rs 10,000 crore through this IPO. The company's IPO did not get a very good response from investors. According to NSE data, NTPC Green's IPO received a total subscription of only 2.42 times.
NTPC Green IPO did not get much response
This is a mainboard IPO, which will be listed on both the major exchanges of the Indian stock market – BSE and NSE. According to NSE data, for NTPC Green's IPO, QIB category investors had subscribed a total of 3.32 times, NII category investors a total of 0.81 times, retail investors 3.44 times and employees 0.88 times. If seen, only QIB and retail investors had shown some interest in the IPO for this government company.
The company had fixed the price band of Rs 102-108 for the shares.
NTPC Green had fixed the price band of Rs 102 to Rs 108 for each share with a face value of Rs 10 under its IPO. The company had given a discount of Rs 5 on each share to its employees. Under this IPO, a total of 92,59,25,926 fresh shares have been issued to investors. Retail investors have been given 138 shares in one lot, for which they have invested Rs 14,904. Retail investors could bid for a maximum of 13 lots i.e. 1794 shares.
How is the demand for NTPC Green shares in the gray market?
Due to the lukewarm response from investors, there is not much movement regarding the shares of NTPC Green even in the gray market. According to websites that track GMP of shares, NTPC Green shares are trading with a GMP of just Re 1 in the gray market on Tuesday, November 26. This means that NTPC Green shares can be listed in the stock market on Wednesday at a price of Rs 109. However, fluctuations in the listing price are entirely possible.
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