NTPC Green Energy Limited (NGEL) has officially announced the price band for its upcoming Initial Public Offering (IPO). Set at INR 102-109 per share with a face value of INR 10, this IPO is expected to be one of the prominent public offerings in the renewable energy sector. Here’s everything potential investors need to know about this opportunity.

Key Details of NTPC Green Energy IPO

IPO Price Band: INR 102-109 per share
Face Value: INR 10 per share
IPO Opening Date: November 19, 2024
IPO Closing Date: November 22, 2024
Total IPO Size: INR 10,000 crore
Listing Date: November 27, 2024

Purpose of the IPO

NTPC Green Energy aims to raise funds to support its expansion and improve its financial position. Out of the total INR 10,000 crore expected from this IPO, INR 7,500 crore will be used to repay outstanding debts, reducing the company’s financial burden and enhancing its operational flexibility.

IPO Structure and Reservation

Anchor Investors: The IPO will open for anchor investors on November 18, 2024, with institutional investors expected to show interest.
Employees and Shareholder Benefits:
- Employee Reservation: INR 200 crore worth of shares are reserved exclusively for NTPC Green Energy employees. Eligible employees will also receive a discount of INR 5 per share.
- NTPC Shareholder Benefit: INR 1,000 crore worth of shares are allocated for existing NTPC shareholders, aiming to enhance shareholder returns.

IPO Allotment and Listing Process

Once the IPO closes on November 22, 2024, the allotment basis will be determined by November 25, 2024. Refunds will be issued to unsuccessful applicants on November 26, and shares will be credited to successful investors’ Demat accounts the same day. NTPC Green Energy is expected to list on the stock exchanges on November 27, 2024.

Lot Size and Minimum Investment

For retail investors:

Lot Size: 138 shares
Minimum Investment: INR 14,904 (one lot)
Maximum Investment: Investors can apply for up to 13 lots, which equals 1,794 shares, amounting to INR 193,752.

NTPC Green Energy’s Growth Potential

As a subsidiary of NTPC Limited, NTPC Green Energy focuses on renewable energy projects, aiming to contribute to India’s clean energy goals. By investing heavily in solar, wind, and other green energy initiatives, NTPC Green Energy has shown significant growth and is positioning itself as a leader in the industry.

This IPO provides an opportunity for investors to become part of a rapidly expanding sector. Given the government’s emphasis on sustainable development and green energy, the company’s growth potential aligns well with national and global environmental goals.

Summary Table: NTPC Green Energy IPO Details

Detail	Information
IPO Price Band	INR 102-109 per share
Face Value	INR 10 per share
IPO Opening Date	November 19, 2024
IPO Closing Date	November 22, 2024
Total IPO Size	INR 10,000 crore
Anchor Investor Date	November 18, 2024
Employee Discount	INR 5 per share
Employee Reservation	INR 200 crore
Shareholder Reservation	INR 1,000 crore
Listing Date	November 27, 2024
Minimum Investment	INR 14,904 (138 shares, 1 lot)
Maximum Investment	INR 193,752 (1,794 shares, 13 lots)
Fund Allocation	INR 7,500 crore towards debt repayment