NTPC Green Energy IPO: The IPO of NTPC Green Energy Limited, a subsidiary of government company NTPC, will open today i.e. on 19th November. Investors will be able to bid for this public issue till November 22. On November 27, the company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The company wants to raise Rs 10,000 crore through this issue. For this, NTPC Green Energy is issuing 925,925,926 new shares worth a total of Rs 10,000 crore.
What is the minimum and maximum amount that can be invested?
NTPC Green Energy has fixed the price band of the IPO (NTPC Green Energy IPO) at ₹ 102 to ₹ 108 per share. Retail investors can bid for a minimum of one lot i.e. 138 shares.
If you apply for 1 lot at the upper price band of IPO of ₹ 108, then you will have to pay ₹ 14,904 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 1794 shares. For this, investors will have to invest ₹ 193,752 as per the upper price band.
The company has reserved 10% of the issue for retail investors and 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
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