NTPC Green Energy IPO, price band and other details to check out
Eligible employees can bid for shares with a Rs 5 per share discount, with Rs 200 crore worth of shares allocated under the employee quota.
NTPC Green Energy IPO, price band and other details to check out
NTPC Green Energy Ltd., the green energy subsidiary of NTPC Ltd., has set a price range for its upcoming initial public offering (IPO) as it aims to raise Rs 10,000 crore. The price band is set between Rs 102 and Rs 108 per share. The IPO is scheduled to open on November 19 and will close on November 22. Investors can place bids in lots of 138 shares or multiples thereof. The IPO will consist entirely of fresh equity shares, with no Offer For Sale (OFS) component.
This IPO ranks as the third largest of the year, following Hyundai Motor India's Rs 27,870 crore issue and Swiggy's Rs 11,300 crore offering. The allocation structure reserves approximately 75% of the issue for institutional investors, 15% for non-institutional investors, and 10% for retail investors.
Read Also : Minister Pralhad Joshi Flags Off 10 Battery-Operated Vehicles at Jagannath TempleEligible employees can bid for shares with a Rs 5 per share discount, with Rs 200 crore worth of shares allocated under the employee quota. Additionally, shares worth Rs 1,000 crore will be set aside for existing NTPC shareholders under the shareholder reservation.
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