NTPC Green Energy IPO will open on November 19. The green energy arm of the already listed NTPC will raise Rs 10,000 crore. The IPO is purely a fresh issue of 92.59 shares. The issue will close on November 22. The company fixed the IPO price band between Rs 102 to Rs 108 per equity share.
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NTPC Green Energy IPO allotment and listing
The allotment for the NTPC Green Energy IPO shares is expected to be finalised on November 25. NTPC Green Energy IPO will likely list on BSE and NSE on November 27, as per the tentative schedule.
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NTPC Green Energy IPO minimum investment
A retail application can bid for a minimum of 138 shares in a lot which amounts to Rs 14,904. The minimum lot size investment for a small NII is 14 lots of 1,932 shares, amounting to Rs 2,08,656. While a big NII needs to apply for a minimum of 68 lots of 9,384 shares, which amounts to Rs 10,13,472.
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About NTPC Green Energy
The company is an umbrella firm for the green business initiatives of NTPC and undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC’s green energy journey to achieve the ambitious target of 60 GW by FY32. As of June 30, 2024, the company had 15 off-takers across 37 solar projects and 9 wind projects. Also, the company is constructing 31 renewable energy projects in 7 states, totalling 11,771 MW.
Lead book runners and registrar
IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers of the IPO. While Kfin Technologies is the registrar for the issue.
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