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NTPC Green Energy IPO Day 2 Highlights: Public offer subscribed 93%, retail portion booked 2.38x
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5 min read | Updated on November 21, 2024, 19:43 IST
SUMMARY
NTPC Green Energy IPO Day 2: The initial public offering is entirely a fresh issue of equity shares worth ₹10,000 crore without an offer-for-sale (OFS) component. At the end of day two of bidding, the public issue had been subscribed 0.93 times
NTPC Green Energy had mobilised ₹3,960 crore from anchor investors.
At the end of day two of bidding, the public issue had been subscribed 0.93 times, the retail portion of the public issue had been booked 2.38 times, the NII segment had been subscribed 0.34 times, and the QIB segment had been booked 0.75 times.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.74% |
| Non-institutional investors | 0.30% |
| Retail Individual Investors (RIIs) | 2.25 |
| Shareholders | 95% |
| Total | 89% |
The portion for shareholders received a 94% subscription, while the category for retail individual investors (RIIs) was subscribed 2.23 times. The quota for non-institutional investors attracted a 30% subscription, and the qualified institutional buyers' part was booked at 74%.
- Qualified institutional buyers (QIBs): 75% of the net issue
- Non-institutional investors: 15% of the net issue
- Retail investors: 10% of the net issue
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.74% |
| Non-institutional investors | 0.28% |
| Retail Individual Investors (RIIs) | 2.16 |
| Shareholders | 90% |
| Total | 86% |
- To repay borrowings availed by NTPC Renewable Energy Limited (NREL)
- General corporate expenses
- Shareholders quota: 88%
- Retail investors: 2.10 times
- Non institutional investors: 27%
- Qualified institutional buyers: 74%
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.73% |
| Non-institutional investors | 0.26% |
| Retail Individual Investors (RIIs) | 2.05 |
| Shareholders | 85% |
| Total | 82% |
The portion for shareholders attracted an 83% subscription, while the category for retail individual investors (RIIs) portion was subscribed 2 times. The quota for non-institutional investors attracted a 25% subscription, and the qualified institutional buyers part was booked at 1%.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | -- |
| Non-institutional investors | 24% |
| Retail Individual Investors (RIIs) | 1.93 |
| Shareholders | 81% |
| Total | 48% |
Investors can bid for a minimum of one lot size, consisting of 138 equity shares, aggregating to ₹14,904.
- Shareholders quota: 71%
- Retail investors: 1.68 times
- Non institutional investors: 21%
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | -- |
| Non-institutional investors | 17% |
| Retail Individual Investors (RIIs) | 1.47 |
| Shareholders | 62% |
| Total | 36% |
The price band has been fixed at ₹102-₹108 per equity share.
- IDBI Capital Markets & Securities
- HDFC Bank
- IIFL Capital Services Ltd
- Nuvama Wealth Management
NTPC Green Energy IPO, with a price band of ₹102 to ₹108 per share, was subscribed 33% on the first day of subscription. The demand was led by retail individual investors, who subscribed their portion 1.33 times.
Before IPO, NTPC Green Energy had raised ₹3,960 crore from anchor investors, including the Government of Singapore, New World Fund Inc, the Life Insurance Corporation of India, Goldman Sachs Funds, Kotak Mutual Fund (MF), ICICI Prudential MFNippon India MF, and DSP MF.
NTPC Green Energy IPO: Lot size
Interested investors can bid for at least one lot size or 138 shares valued at ₹14,904.
NTPC Green Energy IPO: Allotment and listing date
- Subscription period: November 19 to November 22
- Allotment: November 25
- Credit of Shares: November 26
- Listing: November 27
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