NTPC Green Energy IPO: Check Subscription Dates, Minimum Investment, Lot Size- Key Info

NTPC Green Energy Limited has announced launch of Initial Public Offering ( IPO ), aiming to raise Rs 10,000 Crore via 98.14 crore shares.

Subscription Window of NTPC Green Energy IPO

subscription window opens on November 19, 2024, and will close on November 22, 2024. 

Allotment Of Energy IPO Listing For NTPC Green Energy IPO      

allotment procedure for NTPC Green Energy IPO is set to end on November 25, with a listing on BSE and NSE scheduled for November 27, 2024. minimum bid quantity is 138 and maximum is 86.3 cr for qualifies institutional investors, and 21.5 cr for non-institutional investors. stocks were issued at a face value of Rs 10, and a ticket size of Rs 1. 

NTPC Green Energy IPO Price Band

NTPC Green Energy IPO offers shares in a price band of Rs 102 to Rs 108 each. 

Who's Managing?

le managers of IPO include IDBI Capital Markets & Securities Limited, HDFC Bank Limited, IIFL Capital Services Limited (formerly IIFL Securities Limited), Nuvama Wealth Management Limited. sponsor banks are ICICI Bank , Axis Bank .

NTPC Green Energy Limited is a renewable energy company, which was incorporated in 2022 as a wholly-owned subsidiary of NTPC Limited. It specialises in using both organic and inorganic methods to complete projects.

Companies bring about an IPO to pay back investors or to raise funds, and NTPC Green Energy is no exception. IPO will help bring more stability to NTPC Green, which is renewable energy company. NTPC Green has target of generating 60GW by FY 32. Funding NTPC Green is in line with government's aim of ding 500GW renewable power by 2030.

Once issued, shares will be available on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). 

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