IPO to unlock value for NTPC shareholders: Gurdeep Singh
NTPC is the first central public sector enterprise (CPSE) to list its subsidiary, NTPC Green Energy, on the stock exchanges, says Gurdeep Singh.
NTPC is the first central public sector enterprise (CPSE) to list its subsidiary, NTPC Green Energy, on the stock exchanges, says Gurdeep Singh.
Ahead of opening of the IPO, NTPC Green Energy raised ₹3,960 crore from anchor investors at ₹108 apiece.
NTPC Green Energy will be the biggest IPO by a PSU since Life Insurance Corporation's ₹21,000-crore share sale in May 2022.
The renewable energy arm of NTPC is expected to announce the price band for the IPO on November 13.
The ₹2,106.60-crore IPO of Bengaluru-based company, which was completely an offer for sale, was subscribed 3.20 times.
The grey market premium (GMP) of the health insurance company has fallen to zero from ₹3 after the IPO received tepid response from investors.
The ₹2,200 crore IPO of the health insurer, formerly known as Max Bupa, will close on November 11.
The renewable energy arm of Apollo International Group currently manages an order book of ₹3,500 crore across solar and hydro energy.
The share price of Waaree Energies touched a fresh all-time high of ₹3,119.80 on Tuesday, rising 109% over the IPO price of ₹1,503 apiece.
This is the second recent IPO after Hyundai Motor India which failed to garner strong response from retail investors.