This year there has been significant growth in the Indian IPO market and big companies one after another have launched their IPOs. This trend continues and next week the issue of NTPC Green Energy, a subsidiary of the giant government company NTPC Limited (NTPC Green Energy IPO), will open. It will open for subscription on November 19. Talking about its size, the company will raise a huge amount of Rs 10,000 crore from the market through the issue. Its price band has also been announced. Let us know every detail related to this government IPO…
The money can be invested until November 22.
The initial public offering of a large government company will open on the stock market. We are talking about the IPO of NTPC Green Energy, which will be launched on November 19 and investors can invest money in it until November 22. Through this issue, the company will put 925,925,926 shares on sale and its total size is Rs 10,000 crore. According to the issue, the company will issue all new shares.
Stock price band set at this amount
Under the IPO of NTPC Green Energy, the company announced the share price band, which was fixed at Rs 102-108. The company will issue shares with a face value of Rs 10. After the close on November 22, the process of allotment of the company’s shares will begin on November 25, while the listing of its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE ) will take place on November 27. This issue will open to anchor investors on Monday, November 18, one day before its opening on November 19.
Become Earning Partner by Investing Rs 14904
NTPC Green Energy has fixed the lot size of 138 shares in its initial public offering. That is, offers cannot be made for shares lower than this. If we look at the upper price band, any investor will have to invest at least Rs 14,904 for one lot. While an investor can bid for a maximum of 13 lots and for this they will have to invest a maximum of Rs 1,93,752. After this, you will also have a share in the company’s profits when the IPO is issued.
What is the condition of the gray market?
NTPC Green Energy Limited is a wholly owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company, focusing on launching projects through organic and non-biological routes. As of August 31, 2024, the company had an operational capacity of 3,071 MW of solar projects and 100 MW of wind projects in six states. If we talk about the gray market performance, on Sunday morning it was trading at GMP of Re 1 and consequently, its shares can be quoted in the market at Rs 109.
(Note: Before making any investment in the stock market or IPO market, definitely consult your market experts.)
