NTPC Green Energy IPO to launch on Nov 19: Check price band, lot size, key dates and more

NTPC Green Energy IPO: NTPC Green Energy's mega ₹10,000 crore initial public offering (IPO) will open for subscription on Tuesday, November 19. The issue, which will conclude on Friday, November 22, has fixed a price range of ₹102-₹108 per share.

The money raised will for debt repayment of NTPC Renewable Energy Ltd (NREL), a wholly-owned subsidiary and general corporate purposes.

The post-issue market valuation of the company is expected to be around ₹91,010 crore.

The bidding for anchor investors will take place on Monday, November 18.

NTPC Green Energy IPO: Lot size

Interested investors can bid for at least one lot size, consisting of 138 shares, amounting to ₹14,904 and in multiples thereof.

The company has reserved 75% of the net offer for qualified institutional buyers, 15% for non-institutional investors, and the remaining 10% for retail investors.

NTPC Green Energy IPO: Allotment and listing date

• Bidding dates: November 19-November 22
• Finalisation of the basis of allotment: November 25
• Credit of shares to Demat account: November 26
• Listing on NSE and BSE: November 27

NTPC Green Energy IPO: About the company

Incorporated in 2022, NTPC Ltd's subsidiary NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 30, 2024, and power generation in the financial year 2023-24 (FY24).

The company's energy portfolio includes both wind and solar power assets with a presence in more than six states. It has an operational capacity of 3,071 megawatts (MW) of solar projects and 100 MW of wind projects as of August 31, 2024.

NTPC Green Energy IPO: Financials

HDFC Bank Ltd, IDBI Capital Market Services Ltd, Nuvama Wealth Management Ltd and IIFL Securities Ltd are the issue's book-running lead managers, while Kfin Technologies Ltd is the registrar.