Another public sector company is set to debut in the stock market. National Thermal Power Corporation (NTPC) to hit the bell of IPO with its subsidiary NTPC Green Energy launch. As per the details, the company is to launch an IPO on 19th November 2024. NTPC Green Energy is well-known in the green energy business. Let’s explore all the necessary details regarding this initial public offer which going to be open November 2024.
The Draft Red Herring Prospectus (DRHP) has been filed to the Securities and Exchange Board of India (SEBI) on Sep 18, 2024. Based on DRHP details, NTPC Green Energy is planning to raise ₹10,000 crore via this Initial Public Offer.
Exploring the NTPC Green Energy IPO Details, we have several key points to be discussed here. The company is going to offer a fresh issue and there is no offer for sale (OFS) right now. Discussing the IPO date, it will be open on 19th November 2024 and will close on 22nd November 2024.
| IPO Open Date | Tuesday, November 19, 2024 |
| IPO Close Date | Friday, November 22, 2024 |
| Basis of Allotment | Monday, November 25, 2024 |
| Initiation of Refunds | Tuesday, November 26, 2024 |
| Credit of Shares to Demat | Tuesday, November 26, 2024 |
| Listing Date | Wednesday, November 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 22, 2024 |
The NTPC Green Energy IPO price band is ₹108 per share with a minimum lot size of 138 shares. The listing will be done on NSE and BSE both.
| IPO Date | November 19, 2024 to November 22, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 138 Shares |
| Total Issue Size | 925,925,926 shares (aggregating up to ₹10,000.00 Cr) |
| Fresh Issue | 925,925,926 shares (aggregating up to ₹10,000.00 Cr) |
| Employee Discount | Rs 5 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 7,500,000,000 |
According to the details, the company will use funds to repay the portion that will be raised through this IPO. Currently, it has solar and wind power assets in more than six states of the country.