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New Delhi. The initial public offering (IPO) of NTPC Green Energy, a subsidiary of power generation company NTPC, may come in the first week of November. Last week, the company has submitted preliminary documents to SEBI to raise Rs 10 thousand crore.
Sources said that the company is also planning to hold roadshows in India and abroad to attract investors. This entire IPO will be based on new shares and promoters' shares will not be offered for sale. On the other hand, SEBI has approved IPOs for solar panel maker Vare Energies and digital payments service provider One Mobikwik Systems.
Indian markets will give better returns in the long term
Brokerage firm Jefferies has said in its latest report that Indian markets will give better returns to investors who invest for the long term. The report says that Indian stock markets will remain attractive for an investment period of five years and ten years.
The report points to the high valuations of Indian markets, and the increase in capital gains tax, but also notes the resilience of Indian markets. According to the report, the market's ability to withstand these challenges has demonstrated a strong long-term outlook and investor confidence. The report says that India is still in the early stages of building a stock culture.
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