NTPC Green Energy Limited IPO, a subsidiary of NTPC's renewable energy sector, closed on 22 november 2024 with only 2.55 times subscription. But in this IPO, the 15 percent shares reserved for high-networth individuals i.e. rich investors could not be fully subscribed. The number of shares reserved for rich investors could be filled only 0.85 times. It is clear from this that the rich investors, on whose strength the IPO market was alive, seem to be disappearing.
IPO is not getting HNI investors!
NTPC Green Energy's IPO is not the first IPO from which rich investors have distanced themselves. In fact, in the last one and a half months, the response of high-net-worth individual investors to invest in all the IPOs of companies that have knocked on the capital market to raise money through IPO has been very weak.
Kept distance from Swiggy-Hyundai Motor's IPO!
122,222,222 shares were offered for non-institutional investors in NTPC Green Energy's IPO and applications were received for only 10,44,99,2598 shares, which is 0.85 times the total shares. Earlier, online food delivery and quick commerce company swiggy had raised Rs 11,327 crore through IPO. In that, the number of shares reserved for non-institutional investors i.e. rich investors could be filled only 0.41 times. hyundai Motor India, which brought the biggest IPO in the history of the indian stock market, had raised Rs 27870 crore. And high-net-worth individual investors kept away from this IPO as well and the number of shares reserved for these investors in this IPO was subscribed only 0.60 times.
Huge investment made in Wari Energies IPO
Niva Bupa Health's Rs 2200 crore IPO was launched. And in this IPO also the reserve quota for rich investors could not be filled. The number of shares reserved for these investors was filled only 0.71 times. In Acme Solar Holdings' IPO, the number of shares reserved for non-institutional investors was somehow filled. Whereas rich investors had invested heavily in Wari Energies' Rs 4321 crore IPO and the number of shares reserved for them was subscribed 65 times.
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