NTPC Green Energy IPO will open on November 19. The IPO aims to raise Rs 10,000 crore from investors by selling 92.59 crore fresh shares. The IPO will close on November 22. This is a much anticipated public issue given the interest in renewable energy and the overall market environment.
NTPC Green Energy IPO GMP
NTPC Green Energy was fetching a premium of 0.93% in the grey market. This indicates a listing at Rs 109. Essentially that would be a lacklustre debute in terms of listing gains for investors. It also reflects the overall market trend and investor sentiment at the current juncture. Given the market volatility and upcoming Assembly election results, markets are in a wait-and-watch mode.
NTPC Green Energy IPO price band
The company set the IPO price band in a range of Rs 102 – 108 per equity share. A price band is a technique used to establish the worth of shares where a seller specifies a maximum and minimum price range, within which a buyer can submit bids.
NTPC Green Energy IPO allotment
The allotment of shares will likely be finalised on November 25. The allotment of shares is finalised by the registrar of the shares. Kfin Technologies is handling the work of the registrar of the issue.
NTPC Green Energy IPO listing
The listing on the bourses – NSE and BSE – is expected to be on November 27. The IPO listing is the day when the company’s shares debut on the stock exchanges and begin trading in the secondary market.
NTPC Green Energy IPO minimum investment
A minimum investment required by a retail individual investor is 138 shares in a single lot, which amounts to Rs 14,904. The minimum lot size investment for a small NII is 14 lots of 1,932 shares, which amounts to Rs 2,08,656. A big NII needs to place bids for at least 68 lots that have 9,384 shares, amounting to Rs 10,13,472.
About NTPC Green Energy
NTPC Green Energy, a subsidiary of NTPC, India’s largest integrated energy company with over 76GW of installed capacity, is among the top 10 renewable players in India. At the forefront of NTPC’s renewable transition, the company targets 60GW of renewable energy capacity by 2032F, scaling operational capacity from 3.3GW in Sep 2024 to 6GW by FY25,
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