NTPC Green Energy Limited, a subsidiary of NTPC, has filed its Red Herring Prospectus (RHP) as part of its upcoming Initial Public Offering (IPO). As per the company’s filing, a special reserved quota has been set aside for existing NTPC shareholders who meet specific eligibility criteria.
Who is eligible?
Shareholders holding at least one NTPC share in their demat account as of November 13, 2024—the date when the RHP was filed—qualify to apply under this reserved allotment category. This means if you were a shareholder of NTPC on or before November 13, 2024, you can apply for shares in NTPC Green Energy’s IPO under the shareholder category.
Key Details:
- Eligibility Cut-off: NTPC shares must have been held in your demat account on November 13, 2024.
- Shareholding Requirement: A minimum of one NTPC share is sufficient to qualify.
- Category Benefits: The shareholder reservation provides a distinct allotment pool, potentially increasing chances of allotment compared to the general category.
Disclaimer: This article is for informational purposes only. Please consult a financial advisor for personalized investment advice.
