There is an update for investors waiting for the IPO of NTPC Green Energy. The IPO of the company will open on 19th November. This issue will close on 22 November. The company has fixed the price band of the IPO between Rs 102 and Rs 108 per equity share. According to Financial Express, the green energy arm of already listed NTPC will raise Rs 10,000 crore. The IPO is a completely new issue of 92.59 shares. This IPO is the third largest IPO of the year 2024 after Hyundai Motor India's ₹27,870 crore and Swiggy's ₹11,300 crore IPO.
At least Rs 14,904 will have to be invested
According to the news, the allotment for shares in NTPC Green Energy IPO is expected to be finalized on November 25. It is believed that NTPC Green Energy IPO will be listed on BSE and NSE on November 27. In NTPC Green Energy IPO, retail investors will have to bid for a minimum of 138 shares in one lot. This is equal to Rs 14,904.
The minimum lot size investment for a small NII is 14 lots of 1,932 shares, amounting to Rs 2,08,656. Whereas a large NII will have to apply for a minimum of 68 lots of 9,384 shares. This is equal to Rs 10,13,472.
how much reserve for whom
The IPO has approximately 75% shares reserved for institutional investors, 15% for non-institutional investors and 10% for retail investors. Eligible employees can bid for the shares at a discount of ₹5 per share, with shares worth ₹200 crore allotted under the employee quota.
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