There is a phase of decline in the stock market, it is also affecting the IPOs of those companies which are being listed in the market these days. One such government company is NTPC Green Energy. The IPO of this company will open on 19th November and the subscription will close on 22nd November. If you get this IPO, its shares will be transferred to your demat account by 25th November. The shares of this company will be listed on BSE and NSE on November 27.
For how much will you get 138 shares
One lot of NTPC Green Energy will be 138 shares. Is of. That means, if you are allotted its IPO, then 138 shares will come to your demat account on 25th November. Talking about the price band of NTPC Green Energy IPO shares, it is Rs 102 to Rs 108. That means investors will have to invest Rs 14,904 for one lot of shares. Let us tell you, the total size of NTPC Green Energy IPO is Rs 10 thousand crore. Talking about investors, if Small Non-Institutional Investor wants to invest in this IPO, then 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 of this IPO.
What is the situation in the gray market p>
The situation of NTPC Green Energy IPO in the gray market is not good. Actually, according to the report of Investors Gain, recently NTPC Green Energy IPO was trading at a premium of Rs 2.50. Whereas, its maximum gray market price has been only Rs 25. Since then there has been a continuous decline. According to Hindustan report, the current market trend is behind this decline. Let us tell you, there has been a huge decline in the stock market in the last 6 days. Sensex and Nifty have fallen by 10-10 percent from their record high.
What does this company do
NTPC Green Energy Limited, NTPC Limited Is a subsidiary company of. The work of this company is of renewable energy. That means this company focuses on starting its projects in organic and inorganic ways. In simple words, NTPC Green Energy Limited works in the field of renewable energy and aims to increase energy production from solar, wind and other renewable sources to meet the energy needs of India.
How many projects does the company have
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 had 15 off-takers in 37 solar projects and 9 wind projects till June 30, 2024. Apart from this, the company is also constructing 31 renewable energy projects in 7 states.
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