 "NTPC Green Energy IPO opens for subscription, here's a guide before you invest")
NTPC Green Energy IPO opens for subscription on Tuesday, November 19, with the three-day bidding window closing on November 22.
NTPC Green Energy IPO is entirely offering refresh equities to the public worth Rs 10,000 crore totalling approximately 92.59 crore shares. There is no portion allocated for an offer-for-sale (OFS).
Shares of state-owned NTPC jumped 2.8 per cent on Tuesday to their day’s high of Rs 376.90 on the BSE as the company’s arm clean energy arm – NTPC Green Energy IPO opened for public subscription.
Before the IPO launch, NTPC was the only shareholder with 100 per cent stake.
A day before the IPO, the largest renewable energy public sector enterprise secured Rs 3,960 crore from anchor investors with LIC being the biggest investor worth Rs 500 crore.
NTPC Green Energy IPO key dates
NTPC Green Energy IPO subscription dates: NTPC Green IPO opened for subscription on Tuesday (November 19) and will closed on November 22.
NTPC Green Energy IPO allotment date: The allotment of NTPC Green IPO will be completed on November 25.
NTPC Green Energy share listing date: The listing is expected on November 27.
NTPC Green Energy IPO details
NTPC Green Energy IPO price band: Rs 102-108 per share.
NTPC Green Energy IPO lot size: Investors can bid for 138 shares in one lot and in multiples thereafter.
Of the NTPC Green Energy IPO, 75 per cent has bee reserved for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs) and 10 per cent for Retail Investors.
Just within an hour after subscription opened, NTPC Green Energy IPO was subscribed 0.11 times with NIIs subscribing 0.04 times, retail 0.47 times, employee portion 0.06 times, and reservation portion for shareholders 0.19 times.
Impact Shorts
More ShortsNTPC Green Energy GMP
As per investorgain.com, the GMP for NTPC Green Energy IPO stood at Rs 0.70 towards the starting of subscription. The weak GMP trend suggests that the NTPC Green Energy will probably witness a muted listing on November 27.
What will NTPC Green do with its IPO fund?
Of the proceeds from the IPO, amounting to Rs 7,500 crore, NTPC Green Energy plans to utilise a significant portion towards repaying or prepaying some or all outstanding loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), while a part will also be set aside for general corporate needs.
NTPC Green Energy top anchor investors
As per the exchange data filing, marquee global institutional investors that became shareholders in NTPC Green Energy via anchor book included New World Fund, International Growth and Income Fund, Goldman Sachs, Morgan Stanley, New York State Teachers Retirement System, Government of Singapore, Monetary Authority of Singapore, T Rowe, Abu Dhabi Investment Authority, and BNP Paribas.
Top anchor investors include Life Insurance Corporation of India, or LIC, was allotted 12.63 per cent, New World Fund 5.29 per cent, Goldman Sachs India 5.70 per cent and Government of Singapore 5.31 per cent.
Domestic institutional investors included ICICI Prudential Mutual Fund, Nippon Life India, Kotak AMC, Aditya Birla Sun Life AMC, DSP Mutual Fund, Whiteoak Capital, Canara Robeco MF, Invesco India, SBI Life Insurance, HDFC Life Insurance, Edelweiss Trusteeship, Baroda BNP Paribas MF, HSBC MF, Aditya Birla Sun Life Insurance, Allianz India Equity, Bandhan Mutual Fund, PI Opportunities AIF, Bank of India MF, Union MF, ITI MF, and Canara HSBC Life Insurance.
NTPC Green Energy said that out of the total allocation of 36.67 crore equity shares to the anchor investors, 14.53 crore shares were allocated to 16 domestic mutual funds through a total of 72 schemes.
With inputs from agencies.
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
