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NTPC Green Energy IPO: Shares Open For Subscription On November 19; Check the price band here

NTPC Green Energy's ₹10,000 crore IPO, opening November 19, is priced at ₹102 to ₹108 per share. Retail investors can apply for 138 shares, with listing set for November 27, 2024.

NTPC Green Energy IPO Overview  

NTPC Green Energy, a subsidiary of NTPC Ltd, is set to raise ₹10,000 crore, one of the largest IPOs of 2024. This makes it the third-largest IPO of the year after Hyundai Motors India’s ₹28,756 crore IPO and Swiggy’s ₹11,327 crore listing.  

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NTPC Green Energy IPO Details and Timeline  

The NTPC Green Energy IPO opens on November 19, 2024, and closes on November 22, 2024. The price band is ₹102 to ₹108 per share, with retail investors requiring a minimum application of 138 shares for ₹14,904. The stock will be listed on BSE and NSE on November 27, 2024.  

NTPC Green Energy IPO Allocation and Lead Managers  

NTPC Green Energy IPO includes shares worth ₹200 crore reserved for employees with a ₹5 discount per share. Smaller non-institutional investors (sNII) need 14 lots, while larger ones (bNII) require 68 lots. The issue is managed by IDBI Capital, HDFC Bank, IIFL Securities, and Nuvama Wealth Management, with Kfin Technologies as the registrar.  

Also Read: Best Stocks for Kids to Invest In This Children’s Day 2024

NTPC Green Energy Company Background  

NTPC Green Energy, founded in April 2022, focuses on renewable energy through solar and wind projects. As of August 31, 2024, the company operates 3,071 MW of solar and 100 MW of wind capacity across six states, aligning with India’s clean energy goals under NTPC Ltd.  

NTPC Green Energy IPO Anchor Book and Employee Reservation

The anchor book for the IPO will open on November 18, 2024, a day before the public issue. The company promotes renewable energy initiatives under NTPC Ltd, reserving ₹200 crore shares for eligible employees as part of its commitment to sustainable energy growth.  

Also Read: Power stock in focus after it receives new orders worth ₹2,273 Cr

Financial Performance  

NTPC Green Energy showcased solid financial performance with ₹138.61 crore net profit and ₹607.42 crore revenues in Q1 FY25. For FY24, it posted ₹344.72 crore net profit and ₹2,037.66 crore revenues, highlighting its rapid growth in India’s renewable energy sector.  

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फार्मा स्टॉक में उछाल, ₹177 करोड़ के ब्राउनफील्ड प्रोजेक्ट के लिए कैपेक्स की घोषणा की।

फार्मा स्टॉक ने झगड़िया में ₹177 करोड़ का अपग्रेड प्लान किया है, जिससे संचालन ऑटोमेट होगा और इलेक्ट्रोलाइट एडिटिव्स सुविधा