NTPC Green Energy IPO:The IPO market is seeing a blast every day, with one company or another taking the opportunity to raise funds through Initial Public Offerings (IPOs). The public needs to grab the opportunity with a strategy that will give them a long-term profitable return. The NTPC Green Energy IPO is all set to open for the first day of public subscription from 19th November 2024. Ahead of this, the renewable energy company will conduct its anchor investor round today, Monday, 18 November.
NTPC Green Energy IPO- Key Details
The IPO is an issue worth ₹10,000 crore, set to open for subscription on 19 November. The issue consists of a fresh issue of 92.59 crore shares. The subscription will be open until 22 November, with the allotment process expected to be finalized on 25 November.
- Listing Date: The Green Energy IPO will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), expected on 27 November 2024.
- Price Band: The NTPC Green Energy IPO has been set between ₹102 and ₹108 per share. Retail investors wishing to apply must purchase a minimum of 138 shares, with a minimum investment of ₹14,904. For small and medium investors (sNII), the minimum lot size is 14 lots, comprising 1,932 shares, amounting to ₹2,08,656, while the minimum lot size for Qualified Institutional Buyers (bNII) is 68 lots, amounting to ₹1,013,472.
- Grey Market Premium: As of 9:00 AM today, the GMP for the Green Energy IPO was ₹1. With the price band set at ₹108.00, the estimated listing price for the IPO is ₹109 (cap price + today’s GMP). This suggests an anticipated percentage gain of 0.93% per share.
As this launch is a significant step for NTPC in expanding its footprint in green energy, every investor looking for a long-term investment should plan their strategy ahead of the launch date.
(Read More: NTPC Green Energy IPO: What’s The Buzz And Why The Anticipation? Launch Date, GMP, Price – All You Need To Know)
Where To Subscribe The IPO-
The investors who are interested can apply for the NTPC Green Energy IPO through two primary methods:
- Online via their bank using the ASBA (Application Supported by Blocked Amount) facility.
- Through a broker using UPI (Unified Payments Interface).
It is very important for investors to note that the NTPC Green Energy IPO shares are exclusively offered through online payment channels only. Investors can submit their application digitally without the need for physical paperwork. This process ensures greater convenience and accessibility for investors.
(Also Read: NTPC Green Energy IPO: Key Things You Should Know Before Investing)
(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)
