Business News Desk: Investors have lost Rs 48 lakh crore in the stock market in the last one month. However, during this period, two big companies have been listed, out of which the IPO of one has been listed in positive and the other in negative. Now the IPO of another big government company is going to be launched. The IPO of NTPC Green Energy Limited, a subsidiary of NTPC Limited, will open on 19 November 2024 and will be available for subscription till 22 November. Under this IPO, the share allotment process will be completed by 25th November and its shares will be listed on BSE and NSE on 27th November.
it will cost this much
One lot of NTPC Green Energy will be of 138 shares. Its price band has been fixed at Rs 102-108 per share. That means investors will have to invest approximately Rs 14,904 for one lot. The total IPO size of the company is Rs 10,000 crore. If Small Non-Institutional Investors want to invest in this IPO, they will have to buy at least 14 lots. At the same time, it will be mandatory for Big Non-Institutional Investor to take at least 68 lots.
This is the condition of gray market
The status of NTPC Green Energy IPO in the gray market is not satisfactory. According to reports, this IPO was earlier trading at a premium of Rs 2.50, which has now become weak due to continuous decline. Its maximum gray market premium has been Rs 25. Due to the current trend in the stock market and the recent 10% fall in Sensex-Nifty, the confidence of investors has weakened. NTPC Green Energy Limited works in the field of renewable energy. Its objective is to promote energy production from solar, wind and other renewable sources. The company sets up its projects through organic and inorganic methods. As of June 30, 2024, the company has projects of 14,696 MW, of which 2925 MW are in operation and 11,771 MW are under construction. The company is developing 31 renewable energy projects in 7 states.
What is the background of the company?
Although NTPC Green Energy is a government company with a strong background, investors are advised to exercise caution in view of the current market conditions and weak performance in the gray market. Despite the rapidly growing opportunities in renewable energy, market uncertainty may impact the performance of this IPO. Investors should take decisions only after analyzing the long-term plans and financial stability of the company.
