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NTPC Green Energy shares continued their upward trend for the second consecutive day, rising nearly 5% on November 28. The stock, which debuted at Rs 111.50 on the NSE, reached an intraday high of Rs 127.49, with a current trading price of Rs 126.21, reflecting a market valuation of Rs 1,05,034.20 crore.
NTPC Green Energy, the only AAA-rated company in the renewable sector, is exploring ESG funds for debt financing, according to CEO Rajiv Gupta. The company, which focuses on solar energy, wind power, energy storage, and green molecules, aims to diversify its portfolio over the next five to seven years. Gupta emphasized their readiness to seize opportunities for growth in sustainable energy.
NTPC Green Energy shares are set to debut on November 27, following a successful IPO that was subscribed 2.42 times, indicating strong interest from non-institutional and retail investors. Analysts suggest the company, a 'Maharatna' public sector enterprise with a focus on renewable energy, presents a solid long-term investment opportunity, though caution is advised for short-term traders due to modest grey market premiums and concerns over high valuations.
NTPC Green Energy's IPO was fully subscribed by the final day of bidding on November 22, with retail investors oversubscribing their portion by 2.64 times. The overall bids reached 59.26 crore shares against 59.31 crore shares available. The Qualified Institutional Buyers' segment saw a 75% subscription, while non-institutional investors subscribed at 39%. Prior to this, the company raised Rs 3,960 crore from anchor investors.
NTPC Green Energy's IPO reached 93% subscription by the second day, with Retail Individual Investors driving demand at 2.38 times their quota. The Qualified Institutional Buyers segment saw 75% subscription, while non-institutional investors subscribed at 34%. Despite expectations for full subscription by the end of the issue, the grey market premium remained flat, suggesting limited listing gains.
NTPC Green Energy's IPO saw a 48% subscription on its second day, with retail investors leading the charge by subscribing to twice their allocated shares. The offering aims to raise Rs 10,000 crore, primarily funding investments in NTPC Renewable Energy and repaying debts. Qualified institutional buyers showed minimal interest, while the employee category nearly doubled its subscription.
Traders are preparing for a challenging day as allegations against Adani Group founder Gautam Adani regarding involvement in a bribery scheme are expected to negatively impact the conglomerate's stocks and overall market sentiment. Shares of the group's lenders may also come under scrutiny. Meanwhile, NTPC Green Energy is optimistic that the growing interest in renewables will support its IPO.
NTPC Green Energy Ltd has launched its Rs 10,000-crore IPO, the largest by a PSU in the renewable energy sector, which opened for subscription on November 19 and will close on November 22. The price band is set at Rs 102-108 per share, with a minimum bid of 138 shares, requiring a minimum investment of Rs 14,904. Retail investors can invest up to Rs 1,93,752 for 13 lots.
NTPC Green Energy Ltd is launching an IPO worth Rs 10,000 Crores, consisting of a fresh issue of 92.59 crore shares. As of September 30, 2024, the company has a portfolio of 16,896 MW, with 3,320 MW operational and 13,576 MW contracted, plus an additional 9,175 MW in the pipeline, totaling 26,071 MW. A "SUBSCRIBE" rating has been assigned to the IPO.
NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC Ltd, focuses on developing large-scale solar and wind energy projects. With a portfolio of 16,896 MW, including operational and contracted projects, and an additional 9,175 MW in the pipeline, NGEL is well-positioned to meet India"s growing energy demand, projected to rise by 5.5-6.0% over the next five years. At an upper price band of ₹108, the IPO is considered fairly priced, earning a "Subscribe" rating due to its strong brand, execution capabilities, and investment in next-gen energy solutions.
Ntpc Green Energy Ltd.
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