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NTPC Green Energy Lock-In Ends: 69% Shares to Float
26 Nov
Summary
- Nearly 70% of NTPC Green Energy shares become tradable today.
- Lock-in period expiration impacts over 580 crore shares.
- Stock currently trades below its IPO price of ₹108.
NTPC Green Energy Ltd., the demerged green energy arm of NTPC Ltd., is experiencing a pivotal moment as its one-year shareholder lock-in period ends today, November 26. This expiration allows approximately 69% of the company's total outstanding equity, representing over 580 crore shares, to become available for trading. These shares hold a market value of ₹55,158.9 crore based on recent closing prices.
The company had previously launched its ₹10,000 crore Initial Public Offering on November 27, 2024, which saw a subscription rate of 2.55 times. Despite the upcoming influx of shares, it is important to note that not all shares are expected to be sold immediately, as they merely become eligible for trading.
Currently, NTPC Green Energy shares are trading below their IPO price of ₹108 and have fallen 38% from their post-listing peak of ₹155. Promoter NTPC holds a substantial 89.01% stake as of the September quarter, with public shareholders including mutual funds and the Life Insurance Corporation of India holding smaller portions.
