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NTPC Green Energy IPO:  NTPC Green Energy's initial public offering (IPO) opens for subscription today, 19 November 2024. Before this, NTPC Green, a subsidiary of the National Thermal Power Corporation (NTPC), had set a price band of Rs 102 to 108 per share for its initial share sale. At the upper end of its price range, the state-owned green energy firm aims to raise Rs 10,000.00 crore by issuing 92.59 crore fresh shares through the initial share sale.

The public sector green energy arm raised Rs 3,960 crore from anchor investors on Monday, a day before its share sale opened for public subscription today.

GMP of NTPC Green Energy IPO

NTPC Green Grey Market Premium (GMP) is almost flat on the IPO's opening day. According to investorgain.com, the shares of NTPC are trading merely at Rs 0.70 premium per share in the grey market, suggesting a kind of flat listing of the green sector IPO.

NTPC Green Energy UPO Subscription Status

The IPO was subscribed 0.19 times or 19% till 12:33 pm, according to NSE's data. The quota reserved for retail investors got 0.81 times or 81% per cent subscription, while Non-Institutional Investors's sector got 0.07 times bids. The shares reserved for Qualified Institutional Investors did not get any subscription till the time

NTCPC Green Energy IPO Share Reservation

At least 75% of the total issued shares have been reserved for qualified institutional buyers (QIBs). Retail investors, on the other hand, will have a maximum reservation of 10% of the IPO size. NTPC has also set aside a maximum of 15% for non-institutional investors (NIIs), and employees of the firm who invest in the IPO will be given a discount of Rs 5 per share. At present, NTPC owns a 100% stake in the firm.

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NTPC Green IPO Details

NTPC Green IPO Bidding Date

The NTPC Green IPO will be open for subscription between November 19, 2024 and November 22, 2024.

NTPC Green Energy IPO Price Range

The firm has fixed a price band of Rs 102 to 108 per share for its initial share sale.

NTPC Green Energy IPO Lot Size

Investors who wish to bid must purchase a lot of 138 shares, which means a minimum investment of Rs 14,904 is required to bid for one lot.

NTPC Green IPO Share Allotment and Listing Date

The allotment of shares to successful bidders will be finalized on November 25, after the bidding closes on November 22, and the shares will be listed on NSE and BSE on November 27.

Also Read: Direct Tax Collection To Exceed Budget Target Of Rs 22.07 Lakh Crore: CBDT Chairman

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