New Delhi, November 19, 2024.
NTPC Green Energy IPO GMP: The Rs 10,000 crore initial public offering (IPO) of NTPC Green Energy Ltd, the wholly-owned subsidiary of public sector NTPC Ltd, will be open for subscription from Tuesday, November 19, and will close on November 22. The price band of the IPO is fixed at Rs 102-108 per share with each equity share having a face value of Rs 10.
Out of Rs 59.31 crore shares on offer, 8.62 crore shares are being allocated to retail investors and the rest for institutional buyers, employees and high net worth investors.
The company allotted shares worth Rs 3,960 crore to anchor investors on Monday at Rs 108 per share. Among those who received an allotment in the anchor category were Goldman Sachs, Government of Singapore, Monetary Authority of Singapore, Life Insurance Corporation of India and ICICI Prudential.
NTPC Green Energy’s IPO will be entirely a fresh issue of equity shares and there will be no Offer for Sale (OFS) by existing shareholders for the same. This means the entire IPO proceeds will go to the company. This will be the third largest IPO of the year, following Hyundai Motor India’s Rs 27,870 crore issue and Swiggy’s Rs 11,300 crore IPO.
Parent NTPC Ltd’s share price is currently quoted at Rs 374.60 on the exchanges.
