NPTC Green Energy Limited, a fully owned subsidiary of NTPC Limited, will launch its initial public offering (IPO) on November 19, 2024. This much-anticipated IPO aims to raise ₹10,000 crore to support the company’s growth in renewable energy.
NPTC Green Energy IPO Details
- Price Band: ₹102 to ₹108 per share
- Lot Size: 138 shares
- Total Issue Size: ₹10,000 crore
- IPO Open Date: November 19, 2024
- IPO Close Date: November 22, 2024
- Listing Date: November 27, 2024
Investors can apply for shares within this price range, with a minimum purchase of 138 shares. The company has partnered with KFin Technologies as the IPO registrar. Once listed, the shares will be available on both BSE and NSE.
NPTC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited, India’s largest power utility company. The company focuses on renewable energy, including solar, wind, and hydro power projects. With the Indian government emphasizing clean energy initiatives, NPTC Green Energy plays a critical role in achieving the country’s sustainability goals. The funds raised through this IPO will be used to finance capital expenditures, working capital needs, and general corporate purposes.
The Grey Market Premium (GMP) for NPTC Green Energy’s shares is ₹4 as of today. This means investors are willing to pay ₹4 more than the upper IPO price of ₹108 in unofficial markets. The GMP indicates positive market sentiment but is not a guarantee of future performance.
Applying for the IPO is straightforward. Investors need a demat account and can apply through their bank or broker’s platform. Simply select the IPO, choose the number of lots, and complete the payment process. Ensure your application is submitted between November 19 and November 22.
Key dates to remember are November 25, 2024, for allotment announcements and November 27, 2024, for the listing of shares. The NPTC Green Energy IPO presents an exciting opportunity to invest in a company contributing to India’s green energy revolution. However, it’s essential to do thorough research or consult a financial advisor before making an investment decision.
