NTPC Green Energy is launching an IPO worth Rs 10,000.00 crores as a book-built issue, consisting entirely of a fresh issue of 92.59 crore shares.
The IPO opens for subscription on November 19, 2024, and closes on November 22, 2024. The allotment of shares is expected to be finalized by Monday, November 25, 2024. NTPC Green Energy shares are scheduled to list on both BSE and NSE, with the tentative listing date set for Wednesday, November 27, 2024.
NTPC Green Energy operates in the renewable energy sector. They are a wholly-owned subsidiary of NTPC Limited and focus on the development, operation, and maintenance of renewable energy projects, primarily in solar and wind power. Their goal is to contribute to India’s clean energy mission by generating and supplying renewable electricity.
The price band for the IPO is set at ₹102 to ₹108 per share, with a minimum application lot size of 138 shares. Retail investors must invest a minimum of ₹14,904. For sNII, the minimum investment is 14 lots (1,932 shares), totaling ₹208,656, while for bNII, it is 68 lots (9,384 shares), amounting to ₹1,013,472.
The book-running lead managers for the NTPC Green Energy IPO are IDBI Capital Market Services Limited, HDFC Bank Limited, IIFL Securities Ltd, and Nuvama Wealth Management Limited. KFin Technologies Limited is acting as the registrar for the issue.
NTPC Green Energy IPO Details:
| Company Name | NTPC Green Energy Limited |
| Sector | Renewable Energy |
| IPO Type | Mainboard |
| IPO Open date | 19th Nov 2024 |
| IPO Close date | 22nd Nov 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
NTPC Green Energy IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 138 | 14,904 |
| sHNI (Min) | 14 | 1932 | 2,08,656 |
| bHNI (Min) | 68 | 9384 | 10,13,472 |
NTPC Green Energy IPO Timeline:
| IPO Open Date | 19th Nov 2024 |
| IPO Close Date | 22nd Nov 2024 |
| Basis of Allotment | 25th Nov 2024 |
| Refund Initiation Date | 26th Nov 2024 |
| Shares Credit to Demat | 26th Nov 2024 |
| Listing Date | 27th Nov 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review NTPC Green Energy’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Renewable Energy Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in NTPC Green Energy and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
