There is an update for investors awaiting the NTPC Green Energy IPO. The company’s IPO will open on November 19. This issue will close on November 22. The company has set the IPO price band between Rs 102 and Rs 108 per share. According to Financial Express, the green energy arm of NTPC, which is already listed, will raise Rs 10,000 crore. The IPO is a completely new issue of 92.59 shares. This IPO is the third largest IPO of the year 2024 after Hyundai Motor India’s ₹27,870 crore IPO and Swiggy’s ₹11,300 crore IPO.
You will have to invest at least 14,904 rupees
According to the news, the allotment of shares in NTPC Green Energy’s IPO is expected to end on November 25. NTPC Green Energy’s IPO is believed to be listed on BSE and NSE on November 27. In the NTPC Green Energy IPO, retail investors will have to bid for a minimum of 138 shares in one lot. This is equivalent to Rs 14,904.
The minimum lot investment for a small NII is 14 lots of 1,932 shares, worth Rs 2,08,656. While a large INI must request a minimum of 68 lots of 9,384 shares. This is equivalent to Rs 10,13,472.
how much reserve for whom
The IPO has approximately 75% shares reserved for institutional investors, 15% for non-institutional investors and 10% for retail investors. Eligible employees can bid for the shares at a discount of ₹5 per share, with shares worth ₹200 crore allotted on an employee quota basis.
Registrar and Chief Bookrunner
IDBI Capital Market Services, HDFC Bank, IIFL Securities and Nuvama Wealth Management are the book-running lead managers of NTPC Green Energy IPO. While Kfin Technologies is the registrar of this issue. As of June 30, 2024, the company had 15 buyers in 37 solar projects and 9 wind projects. Additionally, the company is constructing 31 renewable energy projects in 7 states with a total capacity of 11,771 MW.
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