NTPC Green Energy IPO: Will it make a strong start in the stock market or have a quiet debut?

NTPC Green Energy is set to list on the stock market on Wednesday, November 27, 2024, following decent interest during its 3-day IPO bidding process.

The IPO was subscribed 2.55 times overall by November 22, 2024. Among investors, the retail segment showed the most interest, subscribing 3.59 times the shares available. Qualified Institutional Buyers (QIBs) followed closely with 3.51 times, while Non-Institutional Investors (NIIs), including high-net-worth individuals, subscribed only 0.85 times.

The grey market premium (GMP) for NTPC Green Energy rose slightly to ₹3.50, reflecting a 3.24% gain. Analysts attribute this rise more to a general market rally than strong enthusiasm for the IPO itself.