The shares of NTPC Green Energy Ltd. are set to make their debut on Wednesday, November 27, after the initial public offering (IPO) closed for bidding from November 19 to November 22. Priced within a fixed band of ₹102-108 per share, the ₹10,000-crore IPO saw decent subscription figures but is likely to witness a subdued listing.
Grey Market Premium (GMP) Update
As of today, NTPC Green’s shares are trading at a GMP of ₹1, indicating a modest 0.93% premium over the issue price. This muted grey market activity suggests a lackluster opening on Dalal Street.
Key Highlights:
- Issue Price Band: ₹102-108 per share
- Total IPO Size: ₹10,000 crore
- Subscription Figures: Decent overall participation during the three-day bidding process.
- Ranking: Third-largest IPO of 2024, trailing Hyundai Motor India (₹27,870 crore) and Swiggy (₹11,300 crore).
Investor Sentiment
The grey market activity hints at a tepid start for NTPC Green Energy shares, with market trends reflecting cautious optimism among investors.
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