NTPC Green Energy IPO: will be listed on BSE and NSE on November 27. In NTPC Green Energy IPO, the retail investor will have to bid for a minimum of 138 shares in one lot. This is equivalent to Rs 14,904.
NTPC Green Energy IPO: There is an update for investors waiting for NTPC Green Energy’s IPO. The company’s IPO will open on the upcoming 19th November. The issue will close on November 22. The company has fixed the price band of the IPO between Rs 102 to Rs 108 per equity share. According to Financial Express, the already listed NTPC’s Green Energy arm 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 and Swiggy’s ₹11,300 crore IPO.
At least Rs 14,904 will have to be invested
According to the news, the allotment for shares in the NTPC Green Energy IPO is expected to be finalized on November 25. It is believed that the NTPC Green Energy IPO will be listed on BSE and NSE on November 27. In the NTPC Green Energy IPO, a retail investor will have to bid for a minimum of 138 shares in one lot. This is equivalent to Rs 14,904.
The minimum lot size investment for a small NII is 14 lots of 1,932 shares, amounting to Rs 2,08,656. While a large NII will have to apply for 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 about 75% shares reserved for institutional investors, 15% for non-institutional investors and 10% for retail investors. Eligible employees can bid for shares at a discount of ₹5 per share, with shares worth ₹200 crore allotted under the employee quota.
Lead Book Runners and Registrars
IDBI Capital Market Services, HDFC Bank, IIFL Securities and Nuvama Wealth Management are the book-running lead managers to the NTPC Green Energy IPO. While KFin Technologies is the registrar for the issue. As of June 30, 2024, the company had 15 off-takers across 37 solar projects and 9 wind projects. Also, the company is constructing 31 renewable energy projects across 7 states with a total capacity of 11,771 MW.
Related Articles:
Related Articles:
Reliance Jio: Gift for Jio users, now enjoy unlimited data for just Rs 11, check plan details
How to apply for Minor Pan card online, here’s step by step process
BSNL is giving these users 500 live channels and OTT experience for free
