Key Highlights
- To raise INR 10,000 crores, NTPC will launch its IPO on November 19.
- The price range will remain around INR 102 to 108 per share.
- The shares are scheduled to launch on both the NSE and BSE on November 27, 2024.
Introduction
Investing in an initial public offering is an effective way to diversify your investment portfolio, isn’t it? NTPC subsidiary company, NTPC Green Energy Limited, which focuses primarily on renewable energy production, is gearing up to launch its green energy IPO on November 19.
But you might be wondering:
- What is NTPC Green Energy?
- When exactly will the NTPC Green Energy IPO launch?
- How can it benefit you?
From its IPO listing to asset allocation, we’ll address all your questions below.
What is NTPC Green Energy Limited (NGEL)?
With the increasing population in India, there is an increase in energy consumption. To compensate for energy demands, NGEL has risen as the biggest energy producer, which not only produces sustainable ways to energy but also makes sure the environment looks ‘cleaner’ and ‘greener.’
NTPC Green Energy Limited is a subsidiary company under NTPC. Its main goal is to develop energy without harming our natural resources. With this objective in mind, NGEL set a target to achieve 60 GW by the end of FY 32.
NTPC Green Energy IPO Date 2024
Here are crucial dates you should know if you’re subscribing to the NTPC IPO:
| IPO opening date | November 19, 2024 (Tuesday) |
| IPO closing date | November 22, 2024 (Friday) |
| NSE or BSE listing date | November 27, 2024 (Wednesday) |
| Allotment date | November 25, 2024 (Monday) |
| Initiation of refunds will start on | November 26, 2024 (Tuesday) |
What makes this IPO worth noticing?
2024 witnessed the launch of two of the biggest IPOs: Hyundai Motors India’s INR 28,756 crore offering and Swiggy’s, valued at around INR 11,327 crore.
Now, with plans to raise approximately INR 10,000 crore, the NTPC Green Energy IPO has emerged as the 3rd largest IPO of the year.
This incredible move is expected to impact other energy production companies and drive innovations that promote sustainable energy.
NTPC Green Energy Limited (NGEL) IPO Lot Size
There is a limit for investors to buy stocks in single transactions. That’s what we call an IPO lot size. Every listed company has a different lot size based on its own criteria. Let’s understand the IPO lot size of NGEL below.
| IPO Application | Shares | Lots | Price |
| S-HNI (Min) | 1,932 | 14 | INR 208,656 |
| S-HNI (Max) | 9,246 | 67 | INR 998,568 |
| B-HNI (Min) | 9,384 | 68 | INR 1,013,472 |
| Retail (Min) | 138 | 1 | INR 14,904 |
| Retail (Max) | 1794 | 13 | INR 193,752 |
In a nutshell, the upcoming launch of the NTPC Green Energy IPO on November 19 will be the biggest achievement toward sustainable living. It not only improves our environment but also promotes technologies that are both eco-friendly and highly efficient.
This upcoming IPO launch provides an opportunity for investors to become a part of this initiative towards green energy production. In the above blog, we mentioned almost every possible detail you need to understand the potential of NTPC’s upcoming IPO.
Frequently Asked Questions
Ques 1. What is the price band of NTPC Green Energy IPO?
Ans. The price band of NTPC Green Energy Limited ranged between Rs. 102 and 108 per share.
Ques 2. Who is the CEO of NTPC Green Energy Limited (NGEL)?
Ans. Rajiv Gupta
Ques 3. Is the NTPC IPO coming?
Ans. NTPC Green Energy Limited’s IPO will commence on Tuesday, November 19, 2024, and the subscription period will end on Friday, November 22, 2024.
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