NTPC Green Energy IPO: 10 points you need to know ahead of ₹10,000 crore public offer opening

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2 min read | Updated on November 18, 2024, 09:11 IST

SUMMARY

NTPC Green Energy IPO: The initial share sale is a fresh issuance of equity shares worth ₹10,000 crore. There is no offer-for-sale component.

NTPC Green Energy IPO will be open from November 19 to November 22.

NTPC Green Energy IPO: Renewable energy firm NTPC Green Energy Limited's initial public offering will open for public subscription on Tuesday, November 19. The issue aims to raise ₹10,000 crore. Parent NTPC is seeking a valuation of close to ₹1 lakh crore for its wholly-owned subsidiary.

NTPC Green Energy IPO: 10 key things to know

NTPC Green Energy IPO subscription period: The initial share sale will be open from November 19 to November 22.
NTPC Green Energy IPO anchor bidding: The bidding for anchor investors will be open for one day on November 18, 2024.
IPO offer structure: The ₹10,000 crore issue is a fresh issuance of equity shares without an offer-for-sale component.
NTPC Green Energy IPO price band: The price band has been fixed at ₹102-₹108 per share.
Reservation: The company has set aside 75% of the net issue for qualified institutional buyers (QIBs), 15% for non-institutional investors, and the remaining 10% for retail investors.
NTPC Green Energy IPO lot size: Investors can bid for at least one lot consisting of 138 shares worth ₹14,904.
Objective: The money raised will be used to invest in the company's subsidiary NTPC Renewable Energy Ltd (NREL) to clear debt and for general corporate purposes.
Book-running lead manager and registrar: IDBI Capital Markets & Securities Ltd, IIFL Capital Services, HDFC Bank, and Nuvama Wealth Management Ltd are the issue's book-running lead managers, while KFin Technologies Ltd is the registrar.
Allotment date: The allotment of shares will likely be finalised on November 25.
Listing date: The company's shares will be listed on the National Stock Exchange (NSE) and the BSE on November 27.

NTPC Green Energy IPO: Key strengths, risks, strategies and financials from RHP you need to know

About the company

NTPC Green Energy is a fully owned subsidiary of NTPC, a 'Maharatna' public sector enterprise. As of September 30, 2024, it was the largest renewable energy PSU (excluding hydro) in terms of operating capacity and power generation in the financial year 2023-24.

Upcoming IPOs: Three IPOs to open for subscription this week; check list

The company's renewable energy portfolio includes solar and wind assets, and it is present in more than six states.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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NTPC Green Energy IPO: 10 points you need to know ahead of ₹10,000 crore public offer opening

NTPC Green Energy IPO: 10 key things to know

About the company

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