NTPC Green Energy IPO Listing: NTPC Green Energy, the renewable energy arm of state-owned NTPC, is set to debut on the stock exchanges today, November 27. While the company’s long-term growth prospects have garnered optimism from market analysts, the listing is expected to witness only modest gains, as indicated by the latest GMP.
However, it depends on the market sentiments. The initial public offering (IPO), which closed on November 22, received a decent response from investors, achieving an oversubscription of 2.42 times, as per data from the National Stock Exchange (NSE). Stay connected with Times Network’s live blog for the latest and live updates.
NTPC Green Energy IPO
NTPC Limited has outlined its plan for deploying the net proceeds from its latest funding initiative. A significant portion is earmarked for investment in its wholly-owned subsidiary, NTPC Renewable Energy Limited (NREL), to repay or prepay certain outstanding borrowings of NREL, either in full or in part.
NTPC Green Share Price: IPO Launch
According to data from Trendlyne, 302 companies across both the mainboard and SME sectors have successfully raised funds through initial public offerings (IPOs) this year, marking a significant rise from the 238 listings in 2023. Of these 302 IPOs, 204, or 67.54 per cent, are currently trading above their issue prices, indicating strong market demand and positive investor sentiment for a majority of the listed companies.
NTPC Green Energy Share Price Listing Live: Latest GMP
NTPC Green Energy, which wrapped up its much-anticipated IPO last week, is all set to make its market debut today. As the listing day approaches, the company’s shares are currently trading at a grey market premium (GMP) of Rs 1, showing little fluctuation in recent days.
NTPC Green Energy Share Price Live: About NTPC
NTPC Green Energy, a wholly owned subsidiary of NTPC, stands as the largest renewable energy public sector enterprise (excluding hydro energy) in terms of operating capacity as of September 2024, and power generation as of March 2024. The company’s diverse renewable energy portfolio includes both solar and wind power assets, strategically located across more than six states. This geographic spread helps mitigate the risks associated with location-specific generation variability, ensuring a more stable and reliable power supply.
NTPC Green Energy Share Price Live: What Is The Purpose Of Fundraise?
The net proceeds from the fresh issue, amounting to Rs 7,500 crore, will be directed towards strengthening NTPC Green Energy’s operations. A significant portion will be invested in its wholly owned subsidiary, NTPC Renewable Energy Limited (NREL), to repay, either fully or partially, certain outstanding borrowings. The remaining funds will be allocated for general corporate purposes, supporting the company’s ongoing growth and strategic initiatives.
NTPC Green Energy Share Price Live: Latest GMP
NTPC Green Energy Limited is poised to debut on the stock exchanges on Wednesday, November 27, following its IPO, which was open for subscription from November 19 to November 22. In the grey market, the company’s shares are trading at a modest premium of Rs 1, indicating a marginal gain of 0.93 per cent over the issue price.
NTPC Green Energy IPO Listing Live: LIC Investment
The Life Insurance of India or LIC in short, has received over 10 per cent of the IPO in the anchor investment category. According to NSE data, the LIC has invested approximately Rs 500 crore in the public offering.
NTPC Green Energy Share Price Live: Trading Time
The listing process will commence around 9:30 am. However, the trading of the shares will start at 10 am today. NTPC Green Energy shares will be listed on both the exchanges i.e. BSE and NSE. So, if you are interested in buying and selling the stocks but didn’t get an IPO, you can do it after 10 am.
NTPC Green Energy IPO Listing Live: Q2 Results
NTPC Green Energy has demonstrated impressive financial performance, achieving a compound annual growth rate (CAGR) of 46.82 per cent in revenue between FY22 and FY24, culminating at Rs 19,625.98 million. In FY24, the company reported a profit after tax (PAT) margin of 17.56 per cent and a return on equity (RoE) of 17.76 per cent.
NTPC Green Energy IPO GMP: Flat Or Positive Listing?
Positive or a flat listing? This is a question that is making rounds in investors’ minds. Why investors are thinking so? This is because some of the previous public offerings have either given a flat or minimal return. However, experts are anticipating a bullish return for a long-term view.
NTPC Green Energy IPO Live: Long-Term View
As India is fully capitalizing on renewable and green energy, experts are anticipating a handsome return to IPO investors in the long term. They are bullish on long-term returns. The Indian government is promoting green energy by even providing subsidies and other incentives. Experts are anticipating that in the future, India will be a home of green energy.
NTPC Green Energy IPO Share Price Live: Shares Trading Time
The much-touted IPO of 2024 i.e. NTPC Green Energy is going to list on both the Indian exchanges in a short time. Investors who have received the allotment will see how much return they got at 10 am. The trading will start at 10 am. However, if GMP indications can be believed, muted listing is expected.
NTPC Green Energy IPO Listing Live: Expected Listing Price
The unlisted shares of NTPC Green Energy are reportedly trading at a premium of Rs 4 in the grey market over the IPO’s upper price band of Rs 108, which is also the allotment price. According to sources tracking grey market trends, this suggests an expected listing price of around Rs 112 per share. If these projections hold, investors could see a modest listing gain of approximately 1.85 per cent.
NTPC Green Energy IPO GMP: Expected Share Price
In the grey market, NTPC Green Energy’s IPO is trading at a premium of Rs 4 over its upper price band of Rs 108, indicating an expected listing price of approximately Rs 112. This modest Grey Market Premium (GMP) reflects tempered investor expectations ahead of the stock’s debut, aligning with predictions of a subdued yet positive listing.
NTPC Green Energy IPO Share Price Live: What Experts View On Subscription Status?
Stock market experts view the NTPC Green Energy IPO as having garnered a fair response from Indian primary market investors, driven by the company’s robust fundamentals. However, they cautioned that the volatile trends on Dalal Street could temper listing-day enthusiasm. Analysts anticipate a “flat to positive” debut for the stock, reflecting cautious optimism amid prevailing market conditions.
NTPC Green Energy Share Price: NII Subscription Status
The IPO which was open for subscription on November 22 gained a modest traction of NIIs. According to the provisional data from NSE, Non-Institutional Investors (NIIs) were less active, subscribing to just 0.81 times their share. The employee and shareholder categories saw subscription levels of 0.80 times and 1.60 times, respectively.
NTPC Green Energy IPO Share Price Live: Basic Details About IPO
The NTPC Green Energy IPO featured a fresh issue of 925,925,926 shares, priced within a range of Rs 102 to Rs 108 per share, with a minimum lot size of 138 shares. The offering saw the highest enthusiasm from Retail Individual Investors (RIIs), who oversubscribed their portion by 3.44 times. Qualified Institutional Buyers (QIBs) also showed strong interest, bidding 3.32 times their allocated quota.
NTPC Green Energy IPO Listing Live: Welcome Message
Welcome to the live coverage of NTPC Green Energy shares listing. As you know, today is the listing of shares of NTPC Green Energy on both the Indian exchanges, we have started the live blog to keep you updated with the latest and live updates. Stay connected with us to get real-time insights.