The NTPC Green Energy IPO, one of the largest public offerings in 2024, opens for subscription today, targeting to raise approximately ₹10,000 crore. The price band has been set between ₹102 and ₹108 per share, with the lot size being 138 shares per lot.
Key Highlights
- Grey Market Premium (GMP):
The GMP for NTPC Green Energy IPO stands at ₹0.70, indicating a slight premium of ₹108.70 over the upper price band of ₹108. - Anchor Book Success:
The company successfully raised ₹3,960 crore via anchor investors on Monday. - Merchant Bankers:
- HDFC Bank
- IDBI Capital Markets & Securities
- Nuvama Wealth Management
- IIFL Capital Services
- Reserved Quotas:
- Employees’ Quota: ₹200 crore worth of shares reserved at a ₹5 discount per share.
- NTPC Shareholders’ Quota: 10% of the issue size, amounting to ₹1,000 crore.
- Operations Overview:
- Current Capacity: 3,220 MW in solar and 100 MW in wind projects.
- Future Projects: 13,576 MW contracted and awarded; 9,175 MW in the pipeline.
Should You Subscribe?
The IPO aligns with India’s renewable energy focus and NTPC Green’s leadership in solar and wind energy projects. However, the modest GMP suggests a balanced demand in the grey market. Investors should evaluate long-term growth potential and align investments with their risk appetite.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
