[
NTPC Green’s IPO has received an excellent response from retail investors. Actually, the reserve quota of retail investors for this IPO has now been oversubscribed. Apart from this, non-institutional investors have subscribed it 0.12 times.
Let us tell you, subscription for NTPC Green IPO will close on November 22. Whereas, those who will be allotted these shares, these shares will be transferred to their demat account by 25th November. Talking about listing, the shares of this company will be listed on BSE and NSE on 27th November.
How much money will it take to buy shares
One lot of NTPC Green is of 138 shares. To get this you will have to invest Rs 14,904. If you are allotted IPO then 138 shares will be credited to your demat account on 25th November. Talking about the price band of shares, it is Rs 102 to Rs 108.
Let us tell you, the total size of NTPC Green IPO is Rs 10 thousand crores. If small non-institutional investors want to invest in it, they will have to buy at least 14 lots. Whereas if Big Non-Institutional Investor wants to invest in this IPO then they will have to buy at least 68 lots.
what is gmp
Talking about the status of NTPC Green Energy’s IPO in the gray market, it is currently Rs 1.65. That means, if you are allotted the IPO of this share, you will get a profit of about one and a half rupees on each share at the time of listing. Talking about a few days ago, NTPC Green Energy IPO was trading at a premium of Rs 2.50. Whereas, its high gray market price has been Rs 25.
What does this company do?
NTPC Green Energy Limited is a subsidiary of NTPC Limited. This company works in the field of renewable energy. Let us tell you, till June 30, 2024, NTPC Green Energy Limited has 14,696 MW projects in its portfolio. This includes projects of 2925 MW and contract projects of 11,771 MW. Apart from this, the company also has 15 off-takers in 37 solar projects and 9 wind projects till June 30, 2024. NTPC Green Energy Limited is also constructing 31 renewable energy projects in 7 states.
Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)
Also read: Multibagger Shares: Multibagger share of Rs 3 reached Rs 104, there was a rush to buy the stock.
