NTPC Green Energy IPO Day 3 Updates:
The NTPC Green Energy initial public offering (IPO) closed yesterday, November 22, after opening for subscriptions on November 19. On Monday, November 25, the share allocation for the NTPC Green Energy IPO is anticipated to be finalized.
The NTPC Green Energy IPO was subscribed 2.42 times by the conclusion of the third day, with retail investors purchasing 3.44 times as many shares as were available. Three and a half times as many qualified institutional buyers (QIBs) and eighty-one percent of non-institutional investors (NIIs) are booked.
The Rs.10,000 crore IPO of NTPC Green Energy is made up of only new equity share issuances, there isn’t a segment for an offer-for-sale (OFS). With ‘Maharatna’ status, NTPC Green Energy is a central public sector organization that focuses on renewable energy through wind and solar power projects in over six states.
NTPC Green Energy’s massive initial public offering is about to close. According to BSE data, the issue has received 2.38 subscriptions thus far. Regarding the quota for retail investors, the portion has been booked 3.30 times. According to a Bloomberg article, market watchdog Sebi is investigating whether or not Adani Group broke any disclosure laws. The market watchdog will determine if a formal probe is necessary or not, the article added. View the most recent business news here.
NTPC Green Energy IPO Day 3 Highlights:
NTPC Green Energy IPO Day 3: Issue subscribed 2.42x, retail portion at 3.44x
Qualified Institutional Buyers: 3.32 times
Non Institutional Investors: 0.81 times
Retail Individual Investors: 3.44 times
Employees: 0.80 times
Shareholders: 1.60 times
Total: 2.42 times
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