official The initial public offering of NTPC Green, a subsidiary of power generation company NTPC, will open for subscription today. NTPC Green will raise a total of Rs 10,000 crore from this IPO. The 92,59,25,926 new shares will be issued in this IPO. The company has set the price band at Rs 102 to Rs 108 for each share with a face value of Rs 10 in this IPO. Employees of the company will receive a discount of Rs 5 for each share. This will be a primary IPO, which will be listed on major stock exchanges, BSE and NSE. As per the IPO, 75 per cent has been reserved for QIB category, 15 per cent for NII (HNI) category and 10 per cent for retail investors.
138 shares will be available in one lot
This IPO, which opened on Tuesday, November 19, will close on Friday, November 22. The allocation of shares will take place on Monday, November 25. On the next day i.e. Tuesday, November 26, the shares will be credited in the demat accounts of the investors and then on Wednesday, November 27, the company will be listed on the stock exchange. As per the NTPC Green IPO, an investment of Rs 14,904 will be required for at least one plot. Investors will receive 138 shares in one lot. Retail investors can apply for a maximum of 13 lots (1,794 shares), for which they will have to invest a total of Rs 1,93,752.
How does the GMP share price behave on the gray market?
There is no significant movement seen in the gray market regarding NTPC Green shares. At 8 pm on Monday, November 18, NTPC Green shares were trading on the gray market with a GMP price of Rs 0.70. According to the website that tracks GMP’s share price, on November 9, the company’s shares were trading at a premium of Rs 25 in the gray market. However, it is believed that as subscriptions increase after the IPO opens, the GMP price of the company’s shares could also rise on the gray market.
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