NTPC Green Energy IPO fixes price band: The company didn’t offer more than 10% of the issue to retail investors. The NIIs can place their bids for 15% of the issue.
NTPC set the IPO price band in a range of Rs 102 to Rs 108 per equity share. One of the much-awaited IPO is all set ot launch on November 19 to raise Rs 10,000 crore. The IPO will close on November 22. The issue will raise fresh capital by selling 92.59 shares
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NTPC Green Energy IPO allotment and listing
The allotment for the IPO shares is expected to be finalised on November 25. The IPO will likely list on BSE and NSE with a tentative listing on November 27.
A retail application will need to apply for a minimum of 138 shares, which aggregates to Rs 14,904. There are different lot sizes for small and big NIIs. A small NII needs to invest 14 lots amounting to Rs 2,08,656 and a big NII needs Rs 10,13,472.
About NTPC Green Energy
NTPC Green Energy is a wholly-owned subsidiary of NTPC. NTPC Green is a renewable energy company that focuses on undertaking projects through organic and inorganic routes. The company had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states. While the company’s portfolio consisted of 14,696 MW, including 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects.
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BRLMs and Registrar
IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.
