The graph in the stock market is fluctuating every day. Some are making good money, and some are losing all the money. Now another big government company’s IPO is going to be presented. The IPO of NTPC Green Energy Limited, a subsidiary of NTPC Limited, will open on 19th November 2024 and will be available for subscription till 22nd November. Under this IPO, the share allotment process will be completed by November 25, and its shares will be listed on BSE and NSE on November 27.
It will cost so much
One lot of NTPC Green Energy will be 138 shares. The price band has been fixed at Rs 102–108 per share. That is, investors will have to invest around Rs 14,904 for one lot. The total IPO size of the company is Rs 10,000 crore. If small non-institutional investors want to invest in this IPO, they will have to buy at least 14 lots. At the same time, it will be mandatory for the big non-institutional investor to take at least 68 lots.
This is the condition of the grey market
The IPO position of NTPC Green Energy in the gray market is not satisfactory. According to reports, this IPO was earlier trading at a premium of Rs 2.50, which has now weakened due to the continuous fall. Its maximum grey market premium has been Rs 25. The ongoing trend in the stock market and the recent 10% fall in the Sensex-Nifty have weakened investor confidence. It aims to promote energy generation from solar, wind, and other renewable sources.
The company sets up its projects in organic and inorganic ways. As of 30 June 2024, the company has 14,696 MW of projects, of which 2925 MW are in operation and 11,771 MW are under construction. The company is developing 31 renewable energy projects in 7 states.
