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NTPC Green Energy IPO: Price Band Set at ₹102-108 Per Share

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Synopsis:

NTPC Green Energy IPO opens on November 19, with a price band of ₹102-108 per share. Reserved shares include 75% for QIBs, 15% for NIIs, and 10% for retail investors.

NTPC Green Energy IPO news today

The NTPC Green Energy IPO is set to launch on Tuesday, November 19, with a price band of ₹102 to ₹108 per equity share of face value ₹10. Subscription will close on Friday, November 22. Anchor investor allocation is scheduled for November 18, and the basis of allotment will be finalised on November 25. Shares will be listed on NSE and BSE on November 27.

NTPC LTD

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367.459.25 (2.58 %)

Updated - 03 December 2024
370.00day high
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358.20day low
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VOLUME (BSE)

Key Takeaways:

  • Price Band: ₹102–108 per equity share.

  • Subscription Dates: November 19–22, 2024.

  • Lot Size: 138 equity shares.

  • Anchor Investor Allocation: November 18, 2024.

  • Allotment Finalisation: November 25, 2024.

  • Listing Date: November 27, 2024.

Also read: Tata Power Commissions 126 MW Floating Solar Project in Madhya Pradesh

Share Allocation Details

NTPC Green Energy has reserved shares across different investor categories, including a ₹5 discount for eligible employees.

Investor Category

Reservation

Qualified Institutional Buyers (QIB)

Not less than 75%

Non-Institutional Investors (NII)

Not more than 15%

Retail Investors

Not more than 10%

Employee Reservation

Equity worth ₹20 crore with ₹5 discount per share

Also read: Cipla Receives US FDA Form 483 with Eight Observations at Bengaluru Unit

NTPC Green Energy’s Strong Renewable Portfolio

Promoted by NTPC Ltd, NTPC Green Energy is the largest public sector renewable energy company (excluding hydro) in terms of capacity and power generation. As of June 30, 2024, the company operated 2,925 MW through 14 solar and 2 wind projects, while constructing 31 projects totalling 11,771 MW across 7 states.

NTPC Green Energy Operational Snapshot

Metric

Details

Operational Capacity

2,925 MW (14 solar, 2 wind)

Projects Under Construction

31 projects, 11,771 MW

Collaboration

15 offtakers across 46 projects

Also read: Morgan Stanley Acquires 1.4 Crore PNB Housing Finance Shares for ₹1,336 Crore

The NTPC Green Energy IPO offers a compelling opportunity for investors, backed by the company’s robust operational and renewable energy pipeline. Investors can participate within the ₹102-108 price band, ensuring broad market participation.

Also read: Varun Beverages Opens ₹5,500 Crore QIP, Sets Floor Price at ₹594

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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