NTPC Green Energy IPO upcoming date, Launch Date, GMP, Allotment Status: NTPC Green Energy is a subsidiary of National Thermal Power Corporation (NTPC). Which is preparing to launch its much-awaited ₹10,000 crore NTPC Green Energy IPO in the first week. If you were waiting for the IPO of a reputed company, then this is a good news for you that NTPC is going to launch IPO soon.
This important step from the company is being taken keeping in mind the long-term strategy of strengthening equity and supporting its growing renewable energy portfolio. According to a report by CNBC-TV18, NTPC Green Energy aims to get investment from global and domestic investors. If you want to know how to apply for NTPC Green Energy IPO? If you want to know NTPC Green Energy IPO upcoming Launch Date, subscription, details, Latest GMP, then read this article completely.
NTPC Green Energy IPO Details 2024
NTPC Green Energy IPO is a completely fresh IPO, it will be an issue without any offer for sale (OFS) component. The aim of which is to raise ₹ 10,000 crore for the company. According to the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) on September 18, this 10 thousand crore fund will be used mainly to reduce the burden of NTPC Renewable Energy Limited (NREL). While the remaining amount will be invested in other works.
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Mohit Bhargava, CEO of the company, said, “Equity is important for our operations, and this IPO is an important step towards accessing market resources.”
Growth Ambitions and Renewable Energy Focus
NTPC Green Energy aims to generate 60 GW of renewable energy by 2032. Currently, the company generates only 3.5 GW of renewable energy, with projects of over 28 GW under development. NTPC’s renewable portfolio spans solar and wind assets in more than six states. The company is constantly increasing work and investments in the field of renewable energy. Latest IPO 2024 will not only unlock shareholder value for NTPC but will also play a vital role in meeting India’s national goals of adopting renewable energy.
NTPC Green Energy IPO Book Runners
To maximize subscription, NTPC Green Energy is planning to organize road shows in major financial centers of the world including Mumbai, London, Singapore and the United States. Under these road shows, the vision and achievements of the company will be showcased so that more and more investors can be attracted to the IPO. Currently, the book-runners for NTPC Green Energy IPO include IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities and Nuvama Wealth Management.
How to Apply for NTPC Green Energy IPO
- Open a demat account.
- Go to the IPO section.
- Find NTPC Green Energy IPO.
- Click on Apply Now button.
- Enter the quantity or lot quantity of shares you want to buy.
- Select the price bid.
- Confirm the total investment amount.
- After reviewing all the details, finally click on Buy.
- Save the screenshot for future reference.
How to Check Allotment Status for NTPC Green Energy IPO
If you have applied for NTPC Green Energy IPO and now want to know how to check Allotment Status, then follow the steps given below.
- First of all go to the official website of BSE.
- Go to BSE IPO Allotment Status page.
- Now select Equity in Issue Type.
- Select NTPC Green Energy Limited in the dropdown menu.
- Now enter your application number and PAN card.
- Fill captcha and click on submit.
- Your allotment status will appear on the screen.
FAQs
NTPC Green Energy IPO will be listed on 27 November.
The estimated listing price of NTPC Green Energy shares is ₹109.85 per share, slightly above the IPO price of ₹108.2.
