Mumbai: NTPC Green Energy IPO has fixed the price band for the Rs 10000 crore IPO. The price has been set in the range of Rs 102 to Rs 108 per equity share of the face value of Rs 10. The much-awaited IPO will open for subscription on November 19 and close on 22 November.
The minimum lot size of NTPC Green Energy IPO is 138 shares, which means one lot would consist of 138 scrips and the minimum amount of investment required by retail investors would be Rs 14,904. The investors applying in the NII category are mandated to bid for 14 lots for which they will have to deposit Rs 208,656. The bNII category are required to apply for a minimum 68 lots, amounting to Rs 1,013,472.
NTPC Green Energy IPO allotment, listing date
NTPC Green Energy IPO Allotment expected date: November 25, 2024
Initiation of Refunds process likely to begin on 26 November 26
The shares will be credited to the demat accounts of successful investors on November 26
Shares will list on BSE and NSE with a tentative date fixed November 27
NTPC Green Energy IPO book running lead managers: Nuvama Wealth Management Limited, Hdfc Bank Limited, Iifl Securities Ltd and Idbi Capital Market Services Limited. Kfin Technologies Limited is the registrar for the issue.
NTPC Green Energy IPO GMP
NTPC Green Energy IPO GMP stood at Rs on November 13 morning, investorgain reported. With the price band of Rs 108, NTPC Green Energy shares are expected to get listed at Rs 117 per equity share, which indicates around 8 per cent gains. These are according to the grey market figures and are subjected to change as the date for subscription nears and other factors weigh in. Important note: GMP statistics are not official data.
NTPC Green Energy IPO shareholders quota
NTPC Green Energy IPO, a book built issue of Rs 10,000 crore, is entirely a fresh issue of up to 92.68 crore equity shares. The PSU has reserved shares worth Rs 200 crore for its eligible employees. The employees will be eligible for getting a discount of Rs 5 per share.
According to the draft red herring prospectus (DRHP), NTPC Green Energy’s initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. NTPC Green Energy is categorised as a ‘Maharatna’ central public sector enterprise. It is engaged in the business of solar and wind power, which are spread across more than six states.
What is NTPC Green Energy Ltd
NTPC Green Energy Limited came into existence in April 2022, as a wholly-owned subsidiary of NTPC Limited. The PSU is a renewable energy company. As per the financial statements, the NTPC Green had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
NTPC Green Energy IPO is all set to be launched on November 19. The price band is fixed in the range of Rs Rs 102 to Rs 108 per equity share. The GMP indicated that NTPC Green Energy shares are likely to be listed with around 3 per cent gains on BSE and NSE. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
