Mon Nov 18 13:22:41 UTC 2024: ## NTPC Green Energy IPO Opens Tuesday Amidst Low Investor Interest

**Mumbai, November 18:** The highly anticipated initial public offering (IPO) of NTPC Green Energy, a subsidiary of the state-owned power giant NTPC, will open on Tuesday, November 19th. However, the IPO is facing underwhelming investor response, indicated by a low grey market premium (GMP).

The ₹10,000 crore IPO, priced between ₹102 and ₹108 per share, will close on November 22nd. Market experts report that the GMP has remained stagnant at ₹1 for the past three days, representing only a 0.93% premium over the upper price band. Analysts attribute this low GMP to weak investor interest, particularly from non-institutional investors (NIIs). This reflects a significant drop in GMP over the past 15 days.

The decline in GMP, a market indicator reflecting investor willingness to pay above the issue price, is linked to the price band’s upward revision. Initially, the expected price band was around ₹25-30 in September, with a GMP exceeding 100%. Subsequent increases to ₹40-50 in October and then to around ₹120-₹125 in November, ultimately settling at ₹108, significantly dampened investor enthusiasm. Experts suggest this highlights how high pricing can negatively impact overall investor interest.

Read More