official The IPO of NTPC Green, a subsidiary of power generation company NTPC, will open for subscription today. NTPC Green will raise a total of Rs 10,000 crore from this IPO. All 92,59,25,926 new shares will be issued in this IPO. The company has fixed the price band of Rs 102-108 for each share with face value of Rs 10 under this IPO. Employees of the company will be given a discount of Rs 5 on each share. This will be a mainboard IPO, which will be listed on both the major stock market exchanges BSE and NSE. Under the IPO, 75 percent has been reserved for QIB category, 15 percent for NII (HNI) category and 10 percent for retail investors.
138 shares will be available in one lot
This IPO, which opened on Tuesday, November 19, will close on Friday, November 22. The shares will be alloted on Monday, November 25. The very next day i.e. on Tuesday, 26th November, the shares will be credited to the demat accounts of the investors and then on Wednesday, 27th November the company will be listed in the stock market. Under NTPC Green’s IPO, an investment of Rs 14,904 will have to be made for at least one lot. Investors will be given 138 shares in one lot. Retail investors can apply for a maximum of 13 lots (1794 shares), for which they will have to invest a total of Rs 1,93,752.
How is the GMP price of shares doing in the gray market?
There is no significant movement in the gray market regarding the shares of NTPC Green. As of 08:00 PM on Monday, November 18, shares of NTPC Green were trading in the gray market with a GMP price of Rs 0.70. According to the website that tracks the GMP price of shares, on November 9, the company’s shares were trading with a premium of Rs 25 in the gray market. However, it is believed that as the subscription increases after the opening of the IPO, the GMP price of the company’s shares may go up in the gray market also.
