NTPC Green Energy IPO opens this week. What GMP signals ahead of subscription
The initial public offering (IPO) of NTPC Green Energy is set to open for public subscription on November 19 and will close on November 22. Ahead of the issue, the grey market premium (GMP) for NTPC Green Energy shares is around Rs 1-2, indicating a 1% premium over the issue price.
The company has set a price band of Rs 102-108 per share for its IPO, a fresh equity sale of 92.5 crore shares. Through this offering, NTPC Green Energy aims to raise Rs 10,000 crore.
Promoted by NTPC, NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 2024 and power generation in fiscal 2024.
NTPC Green’s portfolio consisted of 14,696 MW, including 2,925 MW of operating…
