Wed Nov 27 08:56:44 UTC 2024: ## NTPC Green Energy IPO Lists with Modest Premium, Sees Early Gains
**Mumbai, [Date of Publication]:** NTPC Green Energy, a subsidiary of NTPC, made its stock market debut today with a muted initial response. The IPO listed at ₹111.60 on the BSE, a 3.33% premium over its issue price, and ₹111.50 on the NSE. However, the stock quickly rallied, surging over 10% to reach ₹122.75 on the BSE, its upper price band. This represents a 13.66% premium over the issue price.
The IPO, which opened on November 19th, saw a total size of ₹10,000 crore, with 92.59 crore fresh shares offered. Retail investors had until November 22nd to participate, and allotment was completed on November 25th. The price band was set at ₹102-₹108 per share, requiring a minimum investment of ₹14,904 (one lot of 138 shares). NTPC Green Energy offered a ₹5 discount per share to its employees.
The IPO received a 2.55 times subscription in just three days, with retail investors showing the strongest interest at 3.59 times oversubscription. Anchor investors contributed ₹3960 crore, with a 30-day lock-in period on 50% of their shares. Despite a negative grey market premium before listing, the initial market reaction has been positive.
**(Disclaimer: This is not investment advice. The stock market involves risks. Consult with financial experts before making any investment decisions.)**
First Piper 