The IPO (Initial public offering) of NTPC Green Energy to open on November 19, 2024. The company aims to raise Rs 10,000 crore through issuance of 92.59 crore new shares. NTPC Green Energy’s IPO to close on November 22, priced between Rs 102-108 per share.
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NTPC Green Energy IPO: Key Things
- You can invest in NTPC Green Energy’s IPO from Nov 19 to Nov 22. The allocation of the shares to be done on Nov 25.
- NTPC Green Energy’s IPO Worth Rs 10,000 Crore to be Book-Built. This will be through the issuance of 92.59 crore new shares.
- The company priced the IPO between Rs 102-108 per share. Minimum lot size for NTPC Green Energy IPO is 138 shares. Retail Investors have to invest at Least Rs 14,904 in the IPO.
- For large Non-Institutional Investors (NIIs), the minimum investment lot size is 68 lots (9,384 shares), amounting to Rs 10,13,472. For small NIIs, the minimum lot size is 14 lots (1,932 shares), totalling Rs 2,08,656.
- IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are managing this IPO as book-running lead managers, with Kfin Technologies serving as the issue’s registrar.
- NTPC Green Energy IPO’s Grey Market Premium (GMP) stands at ₹3, according to investorgain.com. Meaning that the shares are trading at a Rs 3 premium in the grey market over their issue price.
- The company is slated to list on BSE and NSE on November 27.
- NTPC Green Energy is a 100% subsidiary of NTPC. The company is in existence from April 2022.
- The company will use the money to re-pay or pre-pay, certain outstanding borrowings and for general corporate purposes.
- NTPC Green Energy IPO faces a key risk due to its dependence on a limited number of power purchasers and utilities for off-taking electricity.
- The major competitors of the company are Adani Green Energy and ReNew Energy Global PLC.
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