The much-awaited NTPC Green Energy IPO has officially opened today, November 19, 2024. This Initial Public Offering (IPO) is available for subscription until November 22, 2024. NTPC Green Energy is a branch of NTPC Limited, which is among the biggest power companies in India. This IPO marks a significant step as the company plans to raise Rs 10,000 crore through the fresh issue of shares.
Price Band and Lot Size
The NTPC Green Energy IPO offers shares in the price band of Rs 102 to Rs 108 per share. This range gives investors an opportunity to buy shares at an affordable price, depending on the demand during the subscription period. The minimum lot size for the IPO is 138 shares, meaning investors must apply in multiples of this amount.
The smallest amount needed to invest in this IPO is Rs 14,964. This is the amount an investor would need to pay to apply for one lot of 138 shares. The company has also announced a Rs 5 per share discount for employees applying under the employee category, making it an attractive offer for NTPC Green Energy staff.
IPO Details
- Opening Date: November 19, 2024
- Closing Date: November 22, 2024
- Price Band range: Rs 102 to Rs 108 per share.
- Minimum Investment: Rs 14,964 (for 138 shares)
- Lot Size: 138 shares
- Fresh Issue: Rs 10,000 crore
As of the morning on the first day of the IPO (November 19, 2024), the NTPC Green Energy IPO has seen a subscription of 2%. This indicates a healthy interest from investors, but it is still early in the process, and the numbers are expected to increase as the bidding continues.
In addition to the subscription data, the Grey Market Premium (GMP) for NTPC Green Energy shares is currently Rs 3. This means that in the unlisted market, shares are trading at a premium of Rs 3 compared to the IPO price. The GMP is an important indicator of market sentiment and investor interest, although it can fluctuate as the IPO progresses.
NTPC Green Energy is one of the leaders in India’s renewable energy sector. The company has established itself as a key player in the field of clean energy, which is rapidly growing due to increased demand for sustainable power sources. Investing in NTPC Green Energy means supporting India’s green energy transition and tapping into a growing market.
However, it’s important to note that the IPO is priced at a premium compared to some of its peers in the sector. This means that while the company has strong growth potential, the high valuation could pose a risk for some investors. Therefore, it’s crucial for investors to carefully weigh the potential rewards against the risks before making a decision.
Key Dates to Remember
- IPO Allotment Date: November 23, 2024 (tentative)
- IPO Listing Date: November 27, 2024 (tentative)
Once the allotment is completed, the shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 27, 2024. Investors can then track the performance of the shares on these exchanges.
The NTPC Green Energy IPO offers a promising opportunity for investors interested in the renewable energy sector. With India’s focus on expanding clean energy production, NTPC Green Energy is well-positioned to benefit from this growth. However, due to its high valuation, investors should carefully consider their risk tolerance before applying for the IPO. As the IPO progresses, more subscription updates and market reactions will help guide investors in making their decisions.
