• Source:JND
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NTPC Green Energy IPO, which is one of the most awaited IPO for the last 2 months, will open for subscription on November 19 next week. NTPC Green, which is a subsidiary of National Thermal Power Corporation (NTPC), has a fixed price range of Rs 102-108 per share. At the upper band of its price range, the government sector green energy firm aims to raise Rs Rs 10,000.00 crores from issuing 92.59 crore fresh shares through the initial share sale.

At least 75 per cent of the total issued shares is reserved for Qualified Institutional Buyers (QIBs). While retail investors will have a maximum of 10 per cent reservation of the IPO size. NTPC has also reserved a maximum of 15 per cent for non-institutional investors (NIIs) and Employees betting on the IPO from the company will be given a discount of Rs 5 per share. At present NTPC has a 100 per cent stake in the company. 

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Below are the full details of NTPC Green IPO

NTPC Green IPO Bidding Date

NTPC Green IPO will Open for subscription between November 19 2024 and November 22, 2024.

What is the price band of NTPC Green Energy IPO?

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

NTPC Green Energy IPo Lot Size

Investors willing to place bids will have to buy a lot of 138 shares, which means a minimum investment of Rs 14,904 is needed to place a bid for a lot.

NTPC Green IPO Share Allotment and Listing Date

Post closure of bidding on November 22, the allotment of shares to successful bidders will be finalised on November 25 and the shares are scheduled to list at NSE and BSE on November 27.

NTPC Green IPO GMP

NTPC Green grey market premium is not showing a good sign so far. The shares of NTPC Green are trading at a premium of Rs 2.50 today, according to investorgain.com. Meanwhile, the maximum GMP of NTPC has been Rs 25 since the announcement of the IPO.  The reason behind the decline in GMP is the current situation in the stock market. The stock market has seen a huge decline during the last 6 business days. 

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