The IPO of NTPC Green Energy, a subsidiary of NTPC, was listed today. This IPO gave good profits to the investors after listing. NTPC Green Energy’s IPO was listed today i.e. on 27th November on NSE and BSE at a premium of 3 percent and within half an hour of its listing, a rally was seen in its shares. The shares jumped from Rs 111.60 to Rs 122.75. NTPC Green Energy shares saw a rise of 13.65 percent within half of the listing. The market cap of the company increased by Rs 12,434 crore within half an hour.
What was the GMP of NTPC Green Energy IPO?
Before listing, a decline in its gray market premium was seen. Yesterday i.e. on 26th November its GMP was Rs 3. At the same time, a few days ago the GMP of NTPC Green energy was at Rs 25. NTPC Green Energy’s IPO opened for subscription on 19th November and the time for bidding in this IPO was till 22nd November. The price band of NTPC Green Energy was Rs 102 to Rs 108 per share and the minimum investment in it was Rs 14,904. The company’s target was to raise Rs 10,000 crore through IPO.
how much was subscribed
The IPO of NTPC Green Energy was subscribed more than 2 times in total, in which the retail category of the issue was subscribed 3.33 times and in QIB this IPO was subscribed 3.32 times. Whereas, in Non-Institutional Investors (NII) category it was subscribed 0.82 times.