NTPC Green Energy shares drop nearly 5% as one-month lock-in period ends

Shares of NTPC Green Energy Limited witnessed a decline of nearly 5%, trading at ₹127.46, after the expiration of its one-month lock-in period. This development has made 18.3 crore shares, or 2% of the company’s outstanding equity, eligible for trading in the open market.

Key Highlights:

• Lock-in Expiry Impact: The one-month lock-in period for NTPC Green Energy ended today, freeing up 18.3 crore shares for potential trading.
• Upcoming Milestone: A three-month lock-in period will expire on February 24, 2025, allowing another 18.3 crore shares (2% of outstanding equity) to be traded.
• IPO Performance: The company’s ₹10,000 crore IPO, entirely a fresh issue, was oversubscribed 2.55 times. The shares debuted at a premium price of ₹108 and reached a post-listing high of ₹155.

It is important to note that the expiration of the lock-in period does not necessarily mean all the freed-up shares will be sold in the market. This development may lead to increased liquidity but does not directly imply selling pressure.