The much-awaited IPO of NTPC Green Energy Limited is about to open. This renewable energy company, a part of NTPC Limited (India’s largest power producer), aims to raise ₹10,000 crore from the market. Here’s what you need to know about the NTPC Green Energy IPO:
Important Dates
- IPO Open Date: November 19, 2024 (Tuesday)
- IPO Close Date: November 22, 2024 (Friday)
- Allotment Date: Expected on November 25, 2024
- Refund Date: November 25, 2024
- Listing Date: November 27, 2024 (The shares will be listed on the BSE and NSE)
Price and Shares
- The price for the shares is between ₹102 and ₹108 each.
- NTPC Green Energy plans to raise ₹10,000 crore by offering 92.59 crore shares.
Lot Size and Minimum Investment
- You need to apply for a minimum of 138 shares.
- If you choose the highest price of ₹108 per share, the minimum investment will be ₹14,904.
- 75% of the shares are reserved for Qualified Institutional Buyers (QIBs) like mutual funds and banks.
- 15% are for Non-Institutional Investors (NIIs), who are high-net-worth individuals.
- 10% are for Retail Investors, who are regular individual investors..
Allotment and Listing
- The shares will be allotted on November 25, 2024.
- If you don’t get the shares, your money will be refunded on the same date.
- The shares will list on the BSE and NSE on November 27, 2024.
The NTPC Green Energy IPO gives investors a chance to be part of India’s renewable energy growth. However, like any investment, there are risks involved, so it’s important to carefully consider your options before applying. If you believe in the future of green energy, this IPO could be a good opportunity.
