The initial public offering (IPO) of NTPC’s renewable energy arm, NTPC Green Energy, opens for public subscription today, November 19, 2024. Ahead of the IPO launch, the company announced that it has raised Rs 3,960 crore from anchor investors through bidding concluded on November 18, 2024. 

The Rs 10,000 crore offering of NTPC Green Energy is a book-built issue comprising a fresh issue of 92.59 crore shares. The IPO is priced in a band of Rs 102-108 per share, with a lot size of 138 shares. Investors can bid for a minimum of 138 shares and in multiples thereof. 

Meanwhile, NTPC Green Energy shares are trading at a premium of Rs 0.70 in the grey market, translating to a grey market premium (GMP) of 0.65 per cent over the upper price band, according to sources tracking the unofficial market. 

KFin Technologies is the registrar for the IPO, while IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers.  

The NTPC Green Energy IPO will remain open for public subscription until Friday, November 22, 2024. The basis of allotment is expected to be finalized on Monday, November 25, 2024, and shares will be credited to investors’ demat accounts on Tuesday, November 26, 2024.