NTPC Green Energy IPO: The wholly-owned subsidiary of NTPC launched its IPO on November 19. The company aims to raise Rs 10,000 crore by selling 92.59 crore fresh shares. The IPO closes on November 22. The allotment of shares of NTPC Green Energy will likely be finalised on November 25. The shares are expected to hit the bourses – BSE and NSE – on November 27.

The company set the IPO price band in a range of Rs 102 to Rs 108 per equity share. IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers.

Live Updates

NTPC Green Energy IPO 2024 Highlights: GMP price, listing date, subscription status

10:01 (IST) 19 Nov 2024

NTPC Green Energy IPO Live Updates: Objectives of IPO

The company proposes to utilise the raised money for funding investment in the wholly owned subsidiary, NTPC Renewable Energy, for payment of borrowings availed by NREL and other general corporate purposes.

09:30 (IST) 19 Nov 2024

NTPC Green Energy IPO Live Updates: GMP price update

Shares of NTPC Green Energy were fetching a premium of 0.65% in the grey market. This indicated that the company’s stock might list on the bourses at Rs 109. The grey market is an unofficial place to trade shares illegally ahead of listing.