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The stock though, continues to remain above its IPO price but is stuck in a range after almost a month of having gone public.
December 26 will be an important session as its one-month shareholder lock-in will end during this session.
As many as 18.3 crore shares of NTPC Green Energy will free up for trading once that one-month lock-in period ends on December 26. The number of shares that will free up for trade amount to 2% of the outstanding equity of the company.
It must be specified that the end of a lock-in period does not mean that all of those shares will be sold in the open market, but will only become eligible to be traded.
The three-month lock-in period of NTPC Green Energy will end on February 24, 2025, when another 18.3 crore shares or 2% of the outstanding equity will become eligible to be traded, according to a note from Nuvama Alternative & Quantitative Research.
NTPC Green’s ₹10,000 crore IPO was subscribed 2.55 times during the three-day period when the shares were up for bidding.
Shares of NTPC Green listed at a premium to their IPO price of ₹108 and continue to stay above that level. The stock is consolidating currently around its post-listing high of ₹155.
The stock is currently trading 1.7% lower at ₹141.75.
