Tue Nov 19 13:36:19 UTC 2024: ## NTPC Green Energy IPO Opens, Sees Moderate First-Day Subscription

**Mumbai, November 19, 2024** – NTPC Green Energy Limited’s initial public offering (IPO) opened today, aiming to raise ₹10,000 crore through the sale of fresh shares. The IPO, priced between ₹102 and ₹108 per share, will remain open until November 22nd. A discount of ₹5 per share is available for employees.

Early trading saw a relatively subdued response, with the IPO subscribed 0.31 times by 3:54 PM on the first day. While the retail portion was oversubscribed at 1.26 times, the Non-Institutional Investors (NII) segment saw only 0.13 times subscription.

Despite the initial lukewarm response, the grey market premium (GMP) for NTPC Green Energy shares stands at ₹3, indicating some investor optimism. The allotment is expected on November 23rd (or November 25th in case of a delay), with shares credited to demat accounts on November 26th. Listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is anticipated on November 27th.

Several analysts have given the IPO a “subscribe” rating, citing the company’s strong financial growth, strategic position in the renewable energy sector, and significant operating capacity. They highlight the company’s ambitious 60 GW renewable energy capacity target by 2032 and its diversified portfolio with long-term power purchase agreements. However, investors are advised to conduct their own due diligence and consult financial advisors before investing. The lead managers for the IPO are IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management, with KFin Technologies serving as the registrar.

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