NTPC Green Energy IPO: 10 things to know before subscribing

The initial public offering (IPO) of NTPC Green Energy, a subsidiary of NTPC Ltd, one of the biggest IPOs of 2024, will open for bidding on Tuesday. It aims to raise Rs 10,000 crore through a completely fresh issue. This IPO will rank as the third largest of the year, after Hyundai Motors India’s Rs 28,756 crore offering and Swiggy’s Rs 11,327 crore listing.
Founded in April 2022, NTPC Green Energy is a wholly-owned subsidiary of NTPC Ltd, focusing on renewable energy projects through both organic growth and acquisitions. As of August 31, 2024, the company had an operational capacity of 3,071 MW from solar energy projects and an additional 100 MW from wind projects spread across six states. NTPC Green Energy aims to expand its clean energy portfolio, supporting India’s green energy goals.
Subscription period: The IPO of NTPC Green Energy will be open for subscription from November 19 till November 22, 2024.
Price band: The price band for the NTPC Green Energy IPO is set between Rs 102 to 108 per share.
Fundraising target: NTPC Green Energy IPO is a book-built issue worth Rs 10,000 crore.
Issue division: The IPO is a completely fresh issue of 92.59 crore shares.
Lot size: The minimum lot size for an application is 138 shares, requiring a minimum investment of Rs 14,904 for retail investors.
The minimum investment for sNII is set at 14 lots, equating to 1,932 shares, with a value of Rs 2,08,656. For bNII, the minimum lot size is 68 lots or 9,384 shares, amounting to Rs 10,13,472.
Allotment date: Finalisation of share allocation for the NTPC Green Energy IPO is expected on Monday, November 15, 2024.
Listing date: The shares are expected to list on stock exchanges on Wednesday, November 27, 2024.
Registrar: Kfin Technologies Limited is the registrar for the issue of NTPC Green Energy IPO.
Listing platforms: The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Grey market premium (GMP): The grey market premium (GMP) for NTPC Green Energy IPO is Rs 2. With the IPO’s price band capped at Rs 108, the estimated listing price is Rs 110, giving a potential gain of around 1.85% over the issue price.