NTPC Green IPO share allotment is expected to be finalized on Monday, with shares being allotted via lottery. The IPO received a subscription of nearly 2.4 times. Listing is anticipated for November 27, with an unofficial premium of Rs 1.5 in the unlisted market. Proceeds from the IPO will fund subsidiary investments, debt repayment, and general corporate purposes.
Mid, smallcaps likely to outperform in September; Nifty seen range-bound: Analysts
September historically favors mid- and small-cap stocks over large-caps. Analysts anticipate this trend continuing, expecting limited upside for the Nifty. Heavyweight sectors show recent weakness,