The much-anticipated IPO of NTPC Green Energy is set to open for subscription today. Ahead of the issue, the company shares are trading at a muted grey market premium (GMP) of ₹1 in the unlisted market.

According to stock market observers, NTPC Green Energy Limited shares are available at a premium of ₹3 in the grey market today

The initial public offering (IPO) makes NTPC Green Energy the third-largest IPO of the year, following Hyundai Motors India's Rs 28,756 crore IPO and Swiggy's Rs 11,327 crore issue.

The initial public offering (IPO) of state-owned NTPC Green Energy Limited is set to open on Tuesday, November 19.

The highly anticipated public offering of NTPC Green Energy is set to commence on November 19 and will be available for subscription until November 22. The IPO issue price within the range of ₹102-108 per share,

NTPC Green Energy’s initial public offering (IPO) is poised to open for public bidding on Dalal Street this week. The public offer will be opened for anchor bidding on Monday, November 18.

Unlisted shares of NTPC Green Energy Ltd trade at Rs 108.8 apiece in the grey market, which is only 0.74 per cent above the issue price of Rs 108 per share.

There has been significant anticipation in the market surrounding the Zinka Logistics Solution IPO and the NTPC Green Energy IPO. Analysts and brokerages have given both companies a "Subscribe" rating for the long term,

Valuation metrics indicate that at the upper price band of ₹108, NGEL is valued at FY24 EV/ EBITDA of 53.4x on post issue capital.