Mumbai: NTPC Green Energy IPO is all set to open for subscription from November 19, 2024 to 22 November. Brokerages and analysts have given their opinion on the much-awaited initial public offering (IPO) of NTPC’s renewable energy arm. Reliance Securities and SBICAP Securities recommended investors to apply for the mega IPO, while SMC Global has maintained a neutral stand. NTPC Green IPO price band is fixed in the range of Rs 102 to Rs 108 per share.
NTPC Green Energy IPO, which is a book built issue of Rs 10,000 crore and entirely a fresh issue of 92.59 crore shares, is yet to create a buzz in the grey market. NTPC Green Energy IPO last GMP stood at Re 1 November 18 morning. With the price band of Rs 108, the shares of the company are expected to be listed with 0,93 per cent gains at Rs 109.
The NTPC Green IPO allotment is expected on November 25 and the shares will be credited to the demat accounts of successful shareholders on 26th November. The shares will list on NSE and BSE with a tentative date November 27.
NTPC Green targets to invest Rs 1 lakh cr in solar, wind assets by FY27
Meanwhile, ahead of the IPO launch, a top official of NTPC Green Energy said that the company is planning to invest up to Rs 1 lakh crore in solar and wind assets by FY27. Giving details of the mega plans, chairman and managing director Gurdeep Singh, said that they are predicting about 20 per cent of the investment to come from equity, it will need Rs 20,000 crore of its own funds for the expansion. The firm has plans to garner Rs 10,000 crore funds through the upcoming initial public offering.
Currently, NTPC Green Energy, which has an installed capacity of 3,220 MW, has plans to take up the same number to 6,000 MW by March 2025, 11,000 MW by March 2026 and 19,000 by March 2027, the chairman said.
(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 will open for bidding on November 19, 2024. The NTPC Green IPO GMP is not going strong. Two brokerages have initiated apply rating on the public offer. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
