NTPC Green Energy IPO: Latest GMP, Opening Date, Listing Price, And Other Details

NTPC Green Energy IPO: NTPC Green Energy’s initial public offering (IPO) is set to open on Tuesday, November 19 and close on Friday, November 22. The market participants are excited about the public issue of the company due to its market potential in the emerging renewable energy sector which is expected to reach over 500 GW by 2030. 

NTPC Green Energy's Latest Grey Market Premium (GMP)

The Grey Market Premium or GMP for the government-owned NTPC Green Energy stands at only Rs 1 or 0.93 per cent. With this GMP, the shares of the company are expected to be listed at the price of Rs 109 per equity share. 

Price Band of NTPC Green Energy IPO

The company is planning to raise Rs 10,000 crore in the IPO through the book-built offer of 92.59 crore fresh shares. According to the information shared by the company with the exchanges, the price band of the IPO is set at around Rs 102 to Rs 108 per equity share. 

Minimum Lot Size for NTPC Green Energy

The minimum application requires a lot size of 138 shares, with a minimum investment of Rs 14,904 for retail investors. For small Non-Institutional Investors (sNII), the minimum investment is 14 lots, equivalent to 1,932 shares and Rs 208,656. Meanwhile, large Non-Institutional Investors (bNII) must invest a minimum of 68 lots, amounting to 9,384 shares and Rs 1,013,472.

About NTPC Green Energy

Established in April 2022, NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, specialises in renewable energy projects, leveraging both organic and inorganic growth strategies. 

As of 31 August 2024, the company had an operational capacity of 3,071 MW from solar energy projects and 100 MW from wind energy projects spread across six states.