IPO wrap: NTPC Green Energy IPO booked over 2x, muted debut for Zinka Logistics Solution; check all primary market actions here

The primary markets saw a buzzing day on the last trading day of the week on Friday, November 22. The opening of two new issues and the market debuts of BlackBuck app owner Zinka Logistics Solution as well as Onyx Biotec kept the investors busy.

Shares of Zinka Logistics Solution made a modest debut on the NSE and BSE on the other hand shares of Onyx Biotec Ltd listed at a discount. Additionally, the opening of two new public issues kept investors busy on November 22.

Here’s a look at some of the key IPO-related activities that kept the primary markets buzzing on November 22:

Zinka Logistics Solution (BlackBuck) Listing

Zinka Logistics Solution shares made a muted debut on the NSE and BSE. The stock listed at ₹280.9 apiece on the NSE at a premium of 2.89% against the issue price of ₹273 per share. The company’s stock listed at ₹279.05 apiece, up 2.21% from the issue price, on the BSE. Zinka Logistics Solution shares closed at ₹260 apiece, down 7.44%, on the NSE.

BlackBuck IPO, worth ₹1,114.72 crore, consisted of a combination of a fresh issue of 2.01 crore shares and an offer for sale (OFS) of 2.07 crore shares. The issue was open for subscription from November 13 to November 18.

Onyx Biotec Listing

Onyx Biotec shares made a weak debut on the NSE SME platform, Emerge. The stock listed at ₹54.05 apiece on the NSE at a discount of over 11% against the issue price of ₹61 per share. Onyx Biotec shares closed at ₹56.75 apiece, up by 5% on the NSE.

Onyx Biotec raised ₹29.34 crore from its public issue. The SME issue consisted of an entirely fresh issuance of 48.1 lakh shares. The issue was open for subscription from November 13 to November 18.

Enviro Infra Engineers IPO Day 1

Enviro Infra Engineers IPO (Enviro Infra Engineers Limited IPO) opened for subscription on November 22 and was booked 2.07 times on the first day of bidding.

Enviro Infra Engineers IPO was booked 1.7 times in the retail category and 2.98 times in the Non-Institutional Investors (NII) category on the first day of subscription. The issue was subscribed 2.04 times in the Qualified Institutional Buyers (QIBs) segment. The issue was subscribed 3.16 times by the employees.

Enviro Infra Engineers IPO, a book-building issue of ₹650.43 crore, consists of a fresh issuance of 3.87 crore shares amounting to ₹572.46 crore and an OFS of 53 lakh shares, aggregating to ₹77.97 crore. The price band for the mainboard issue has been fixed at ₹140 to ₹148 per share. Retail investors can apply for the issue by placing bids for a minimum of 101 shares which aggregates to an investment of ₹14,948.

Enviro Infra Engineers IPO subscription window is scheduled to close on November 26. The tentative listing date for Enviro Infra Engineers Limited’s shares is November 29. Shares of Enviro Infra Engineers will be listed on the NSE and BSE.

C2C Advanced Systems IPO Day 1

C2C Advanced Systems IPO (C2C Advanced Systems Limited IPO) opened for subscription on November 22 and was booked 26.54 times on the first day of bidding. C2C Advanced Systems IPO was booked 41.47 times in the retail category and 26.37 times in the NIIs category on the first day of subscription. The issue was booked 53% in the QIBs category.

C2C Advanced Systems IPO is aimed at raising ₹99.07 crore. The SME issue consists of an entirely fresh issuance of 43.84 lakh shares. The IPO price band has been fixed at ₹214 to ₹226 per share. Retail investors can apply for the issue by placing bids for a minimum of 600 shares which aggregates to an investment of ₹1,35,600.

C2C Advanced Systems IPO subscription window is scheduled to close on November 26. The tentative listing date for C2C Advanced Systems Limited’s shares is November 29.

NTPC Green Energy IPO Day 3

NTPC Green Energy IPO was oversubscribed 2.42 times on the final day of subscription. NTPC Green Energy IPO was booked 3.44 times in the retail category and 81% in the NIIs category. The issue was booked 3.32 times in the QIBs category, 80% in the employees’ category and 1.6 times in the shareholders’ category.

NTPC Green Energy IPO is worth ₹10,000 crore and consists of a fresh issue of 92.59 crore shares. The mainboard issue’s share allotment status is likely to be finalised on November 25. The tentative listing date for NTPC Green Energy Limited’s shares is November 27. Shares of NTPC Green Energy will be listed on the NSE and BSE.

Upcoming IPOs In November

Six new SME IPOs will open for subscription in the last week of November. These include Ganesh Infraworld IPO, Agarwal Toughened Glass India IPO, Apex Ecotech IPO, Abha Power and Steel IPO, Rajputana Biodiesel IPO and Rajesh Power Services IPO.

Additionally, shares of mainboard issues such as NTPC Green Energy IPO Limited and Enviro Infra Engineers Limited will debut on the NSE and BSE in the last week of November. Shares of Lamosaic India Limited and C2C Advanced Systems Limited will list on the NSE SME platform, Emerge in the last week of November as well.