Another popular IPO is opening up on the stock market, set to open on November 19. Subscription for this IPO will close on November 22. The shares of this IPO will be transferred to the demat account on November 25. This is the initial public offering of NTPC subsidiary NTPC Green Energy. Its shares will be listed on BSE and NSE on November 27.
The total size of NTPC Green Energy’s IPO is Rs 10,000 crore. This company will sell 92.59 million shares through a new issue. Talking about its price band, the NTPC Green Energy IPO share price has been set between Rs 102 and Rs 108. A total of 138 shares were kept in one lot. If a retail investor buys one lot, he will have to invest at least Rs 14,904.
How much will have to be invested?
To apply for this IPO, sNII will have to buy at least 14 lots i.e. 1932 shares, the price of which will be Rs 208,656. While bNII will have to buy at least 68 lots or 9,384 shares. Its price will be ₹1013472.
As far as applications are concerned, in addition to the retail category, investors will also have the option to apply through the shareholder quota. In which the chances of allotment will be greater, that is, investors holding NTPC shares will be able to apply from the shareholders category.
What does the company do?
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.
How many projects does the company have?
As of June 30, 2024, the company’s portfolio consisted of 14,696 MW, which includes 2,925 MW of commissioned projects and 11,771 MW of contracted projects. As of June 30, 2024, the company had 15 buyers in 37 solar projects and 9 wind projects. As of June 30, 2024, the company is constructing 31 renewable energy projects in 7 states with a total capacity of 11,771 MW.
(Note: Before investing money in any stock or IPO, seek the help of a financial advisor.)
