NTPC Green Energy IPO opens tomorrow. Here's what GMP indicates
NTPC Green Energy is set to open for public subscription tomorrow, November 19, and will close on November 22.
Ahead of the issue, the grey market premium (GMP) for NTPC Green Energy shares is around Rs 1-2, indicating a 1% premium over the issue price.
The company has set a price band of Rs 102-108 per share for its IPO, which is a fresh equity sale of 92.5 crore shares. Through this offering, NTPC Green Energy aims to raise Rs 10,000 crore.
Here's what analysts recommend:
SBI Securities: Subscribe
“At the upper price band of Rs 108, NGEL is valued at FY24 enterprise value-EBITDA of 53.4 times on post issue capital,” it said while recommending investors to subscribe to the issue at cut-off price for a long term.
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