Page 93 - Ipos

NTPC Green Energy IPO subscribed 33% on Day 1; retail portion fully booked

The initial public offer of NTPC Green Energy Ltd, the renewable energy arm of NTPC, got subscribed 33 per cent on the first day of share sale on Tuesday. The share sale received bids for 19,46,53,968 shares against 59,31,67,575 shares on offer, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) fetched 1.33 times subscription while the category for non-institutional investors got subscribed 15 per cent. NTPC Green Energy has mobilised Rs 3,960 crore from anchor investors. The Rs 10,000-crore initial share sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. The issue, with a price band of Rs 102-108 per share, will be available for public subscription from November 19 to 22. Proceeds from the IPO to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans and a portion will be utilised for general corporate purposes.

C2C Advanced Systems IPO zooms 100% ahead of launch; key details from RHP

As the IPO approaches, here are the key highlights from the C2C Advanced Systems' RHP that every investor should know

NTPC Green Energy IPO: Retail Investors show strong interest on opening day

The retail investor portion of NTPC Green Energy IPO was fully subscribed at 1.01 times, showcasing strong demand from individual investors

NTPC Green Energy IPO opens today: GMP remains positive; Should you apply?

The subscription window for the NTPC Green Energy IPO opens today, November 19, 2024, and will conclude on Friday, November 22, 2024. Here's what market analysts have to say about the public offering

Share Market Today: NTPC Green IPO; Waaree Energies Q2 nos & Fund Flows

In the previous session, Sensex fell 0.31 per cent to end at 77,339.01, while the Nifty slipped 0.34 per cent to settle at 23,453

Analysts bullish on NTPC Green Energy IPO; eye long-term potential

NTPC Green Energy's IPO opens for public subscription from Tuesday, November 19, 2024, to Friday, November 22, 2024. Brokerages have weighed in on the offering, with recommendations as follows

Asia Index launches BSE Select IPO to measure newly listed stocks

Asia Index Private Ltd, a subsidiary of BSE, on Monday announced the launch of a new index - BSE Select IPO - to measure the performance of newly listed stocks on the bourse either through a public issue or spin-off/demerger process. Stocks are included in the index based on three primary criteria -- full market capitalisation, liquidity and minimum listing history of three months, Asia Index said in a statement. This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of new companies across all the major sectors in India. Also, it can be used for benchmarking portfolio management service (PMS) strategies, mutual fund schemes and fund portfolios. "2024 has been a spectacular year for new listings with India emerging among the top 3 markets globally both in terms of monies raised and companies listed. The strong showing of new listings is expected to continue as companies look at unlocking values and planning for thei

BS Crunch: Swiggy vs Zomato | Which food stock will deliver better?

Swiggy has finally made its debut on the stock market, and with Zomato’s impressive track record, we’re here to find out. Can Swiggy really keep up with its rival Zomato? Watch the video to find out.

Enviro Infra Engineers IPO opens on Nov 22: Check GMP & other key details

As the IPO approaches, here are the key highlights from the Enviro Infra Engineers' RHP that every investor should know

Final Hours! BlackBuck IPO closes today: GMP remains flat; Should you bid?

BlackBuck IPO, which opened for public subscription on Wednesday, November 13, 2024, has garnered a lukewarm response from investors thus far

Market Today: GIFT Nifty; FIIs; Hero MotoCorp Q2; Zinka Logistics IPO Day 3

In the previous session, both indices closed in the red. Sensex declined 110.64 points or 0.14 per cent to settle at 77,580.31, while Nifty50 ended at 23,532.70, losing 26.35 points or 0.11 per cent

NTPC Green IPO: Does applying in shareholder quota boost allotment chance?

NTPC Green Energy has reserved 10 per cent of its IPO specifically for existing NTPC shareholders, sparking interest in whether applying through this shareholder quota might improve allotment chances

Market Today: Hero MotoCorp Q2; WPI; US inflation; & Niva Bupa IPO listing

In the previous session, both Sensex and Nifty extended their losing streak, each closing over 1 per cent lower. The BSE Sensex ended at 77,690.95, while the Nifty settled at 23,559.05

Aim for 60-40 ratio, where 40% is green, rest is fossil by 2032: NTPC CMD

He discussed capacity expansion plans and how the company would balance presence between fossil and green sources of power

Prosus plans to list Indian digital payments, lending firm 'PayU' in 2025

PayU has had plans to list since late 2023, at a $5 billion to $7 billion valuation. It recently emerged from a 15-month regulatory ban on enlisting new merchants

IPO-bound NTPC Green targets to invest Rs 1 trn in solar, wind assets

IPO-bound NTPC Green Energy is aiming to invest up to Rs 1 lakh crore in solar and wind assets by FY27, a top official said on Wednesday. Assuming about 20 per cent of the investment to come from equity, it will need Rs 20,000 crore of its own funds for the expansion, its chairman and managing director Gurdeep Singh told reporters here, adding that Rs 10,000 crore of funds will be coming through the upcoming initial public offering. The company will be able to raise the remaining resources through internal accruals, he added. For the debt part, the company enjoys a very good credit rating from multiple agencies courtesy the strong parentage in India's biggest power producer NTPC, Singh said, stressing that this enables it to land debt at softer rates when compared to rivals. NTPC Green Energy, which has an installed capacity of 3,220 MW right now, is aiming to take up the same number to 6,000 MW by March 2025, 11,000 MW by March 2026 and 19,000 by March 2027, Singh said, adding tha

NTPC Green Energy IPO: GMP intact ahead of opening; top details from RHP

Before the NTPC Green Energy IPO opens for public subscription, here are the key insights from the company's Red Herring Prospectus (RHP) filed with the Securities and Exchange Board of India (Sebi)

BlackBuck IPO opens today: GMP turns flat; should you subscribe or wait?

The three-day subscription window to bid for the BlackBuck IPO, which is set to open today, is expected to conclude on Monday, November 18, 2024

Swiggy's IPO debut tests demand for rapid-delivery firms in India

According to CLSA, these firms are set to top $78 billion in combined gross orders within a decade, potentially affecting existing consumer-product majors like Hindustan Unilever Ltd. and Marico Ltd

Ahead of IPO, Zinka Logistics collects Rs 501 cr from anchor investors

Zinka Logistics Solutions Ltd, a digital platform for truck operators, on Tuesday mobilised over Rs 501 crore from anchor investors, a day before its initial share-sale opening for public subscription. SBI Mutual Fund (MF), Bandhan MF, Invesco MF, ICICI Prudential Life Insurance Company, Nomura, Steadview Capital Mauritius, TIMF Holdings and Hornbill Orchid India Fund are among the anchor investors, according to a circular uploaded on BSE's website. As per the circular, Zinka Logistics allotted 1.84 crore equity shares to 26 funds at Rs 273 a piece, which is also the upper end of the price band. This aggregates the transaction size to Rs 501.33 crore. The Rs 1,115 crore-IPO, will be available at a price range of Rs 259-273 apiece, for public subscription during November 13 to 18. The IPO is a combination of a fresh issue of shares worth Rs 550 crore and an offer of sale (OFS) of up to 2.06 crore shares. The OFS by promoters and investor selling shareholders is valued at Rs 565 cr