The highly anticipated NTPC Green Energy Limited IPO is set to open for subscription on November 19, 2024, and will close on November 22, 2024. The offering aims to raise approximately ₹10,000 crore, positioning it as one of the most significant IPOs of the year.
Key Details:
- IPO Timeline:
- Open Date: November 19, 2024
- Close Date: November 22, 2024
- Basis of Allotment: November 25, 2024
- Listing Date: November 27, 2024
- Price Band: ₹102-₹108 per share
- Market Lot: 138 shares
- Application Amount: ₹14,904 per lot
- Face Value: ₹10 per share
- Issue Size: ₹10,000 crore (approx.)
- Shareholder Quota: ₹1,000 crore reserved for NTPC shareholders.
- Investor Categories:
- Retail Portion: 10% of the total issue, with 5,90,446 forms available.
- HNI Small Form: 21,087 forms.
- HNI Big Form: 42,175 forms.
Highlights of the IPO:
- Retail Investors: Retail applicants can apply for a maximum of 13 lots (1,794 shares). The reserved quota ensures retail investors have an opportunity to participate in the growth of NTPC’s green energy initiative.
- Shareholder Quota: NTPC shareholders with at least one share in their demat accounts as of November 13, 2024, can apply under this reserved category, with ₹1,000 crore allocated.
- Green Energy Push: Proceeds from the IPO will fund renewable energy projects, advancing NTPC’s commitment to clean energy and sustainability.
Application Notes:
- Retail investors are advised to confirm UPI mandates by 5 PM on November 22, 2024.
- The stock will debut on exchanges on November 27, 2024, offering potential upside for early investors.
Disclaimer: This article is for informational purposes only. Please consult a financial advisor before investing.
