NTPC Green Energy Limited, a subsidiary of India’s leading power company NTPC Limited, is all set to launch its Initial Public Offering (IPO) on November 19, 2024. Investors have eagerly awaited this IPO due to the company’s focus on renewable energy, a rapidly growing sector in India.
NTPC Green Energy IPO Dates
The NTPC Green Energy IPO will open for public subscription on November 19, 2024 (Tuesday) and close on November 22, 2024 (Friday). Once the subscription period ends, the final IPO allotment is anticipated to be confirmed by November 25, 2024. NTPC Green Energy shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 27, 2024.
IPO Size and Structure
The NTPC Green Energy IPO is valued at ₹10,000 crore in total. This is one of the largest IPOs in recent times, showcasing the scale and ambition of NTPC Green Energy’s plans in the renewable energy sector. The offering is a book-built issue, meaning the price of shares will be determined based on investor demand within a set price range.
Price Band and Lot Size
The price band for the NTPC Green Energy IPO has been set at ₹102 to ₹108 per share. The minimum investment required to subscribe to this IPO is for a lot of 138 shares, totaling a minimum of ₹14,904. This makes it accessible for retail investors who are interested in participating in the renewable energy boom.
For Non-Institutional Investors (NIIs), the lot size varies:
- Small NIIs: The minimum investment is 14 lots (1,932 shares), totaling ₹208,656.
- Large NIIs: Investors need to make a minimum investment of 68 lots, which equals 9,384 shares, amounting to ₹1,013,472.
Founded in April 2022, NTPC Green Energy Limited has made significant strides in the renewable energy industry. It has a mix of organic and inorganic strategies to complete projects efficiently, positioning itself as a major player in India’s growing green energy market. Backed by NTPC Limited, a company known for its strong financial performance and industry expertise, NTPC Green Energy has a solid foundation to support its future growth.
Market insights indicate that NTPC Green Energy’s shares are trading at a ₹3 premium in the grey market above the issue price. This suggests that the shares are anticipated to list at approximately ₹111 on the listing day, representing a 2.78% gain over the upper price band of ₹108. Although GMP is not an official indicator, it gives a sense of market demand and expected investor interest.
The NTPC Green Energy IPO will be listed on both BSE and NSE, giving investors easy access to trade in this emerging renewable energy company.
The NTPC Green Energy IPO offers investors an opportunity to invest in a promising renewable energy company with strong parent backing, experienced management, and high growth potential. With the Indian government’s focus on renewable energy and the company’s strategic growth plans, this IPO could be a valuable addition to the portfolios of investors who believe in sustainable growth and cleaner energy. Investors should keep an eye on the market trend and consider this IPO if they are looking for a foothold in India’s green energy sector.
