NTPC Green Energy IPO: NTPC Green Energy IPO has opened for subscription from today. Investors were waiting for this public issue for a long time. Because, big bets are being made in the market regarding this IPO that this issue can give good profits on listing. But, before investing money, it would be good to know the opinion of experts and GMP regarding this issue. Another special thing about NTPC Green IPO is that this issue is the third largest IPO of this year. Earlier IPOs of Hyundai Motor India and Swiggy have not been able to give very good returns.
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IPO situation weak in gray market
According to the report of Money Control, the situation of Gray Market Price (GMP) of NTPC Green Energy IPO in the gray market is not very good. GMP is just 0.70 paise above the issue price band. In such a situation, the possibility of a stronger listing reduces. However, the gray market price keeps changing, so it should not be completely trusted. However, market experts are advising investment in this issue in view of the strong fundamentals of the company.
What are market experts saying
SBI Securities has advised to invest in NTPC Green Energy IPO for long term. At the same time, Arihant Capital and Swastika Investmart have also given advice to invest money in the issue. All three brokerage firms have given this advice in view of the company’s better fundamentals and good growth prospects in the future.
What is the price band?
NTPC Green Energy Limited is a leading company in the renewable energy sector in India. The company has planned to raise Rs 10,000 crore through public issue. This IPO will be open from November 19 to November 22, in which the price per share has been fixed between Rs 102 to Rs 108. Retail investors will have to invest an amount of ₹ 14,904 for a minimum lot of 138 shares.
Tags: business news, IPO, stock market today
FIRST PUBLISHED: November 19, 2024, 12:20 IST
