NTPC Green Energy IPO GMP Today: Listing Price Prediction - Details

The NTPC Green Energy IPO , launched on November 19, 2024, has caught the attention of retail investors, despite a general weariness towards recent IPOs in the market.

The offering has been nearly fully subscribed within a short period, with strong demand from the retail investor segment.

The subscription window for the IPO is set to close on today and the allotment process is expected to be finalised by Monday, November 25, 2024. Shares are expected to be credited to the demat accounts of successful applicants by Tuesday, November 26, 2024.

NTPC Green Energy IPO:  Subscription Status

As of November 22, 2024, the NTPC Green Energy IPO has received significant interest, with the overall subscription standing at 0.93 times, meaning the issue has almost been fully subscribed. The retail segment, which saw the most demand, has been oversubscribed by 2.38 times, highlighting strong participation from individual investors.

Qualified Institutional Buyers (QIBs) have subscribed 0.75 times, while Non-Institutional Investors (NIIs) have bid for 0.34 times the available shares.Employee and Shareholder Quotas have also seen reasonable demand, with subscriptions of 0.50 times and 1.13 times, respectively. These figures indicate a healthy level of interest, particularly from retail investors, who have shown the most enthusiasm for the IPO.

IPO Pricing and Lot Details:

The NTPC Green Energy IPO is being offered at a price band of Rs 102-108 per share. The IPO consists of an entirely fresh issue of 925,925,926 shares, with a minimum lot size of 138 shares. Retail investors can bid for a minimum of one lot (138 shares) or in multiples thereafter.

The minimum investment required for one lot of 138 shares is Rs 14,904.For a maximum bid of under Rs 200,000, a retail investor can bid for 1,794 shares, which is equivalent to 13 lots. The investment details allow retail investors to participate within an affordable range, making it accessible for a wider audience.

NTPC Green Energy IPO GMP Today: GMA (Grey Market Activity)

In the grey market, NTPC Green Energy shares are trading flat on the final day of the IPO bidding. The grey market premium (GMP) has notably fallen since the IPO opened. On November 19, the GMP was quoted at about Rs 2 per share but has since dropped to around Rs 0.80-1. This decrease in GMP may indicate a slight dip in expectations for the stock's post-listing performance, though it still remains positive.

NTPC Green Energy IPO: Listing Price Prediction

Given that the higher price in the price band is Rs 108, at current GMP of Rs 0.80-1, the listing price of NTPC Green Energy IPO is expected to be 108.80-109 (108+GMP)

NTPC Green energy IPO: Key Dates and Steps

The NTPC Green Energy IPO is set to close its subscription window today, November 22, 2024. Following the closure, the basis of allotment will be finalised by November 25, 2024. Successful applicants will have their shares credited to their demat accounts by November 26, 2024. These dates are crucial for investors to track as they determine when they will know if they have been allotted shares and when they can begin trading them post-listing.

Despite the decline in the grey market premium, the IPO’s subscription figures suggest a high level of investor interest and the process is on track to be completed smoothly.