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NTPC Green Energy IPO: The IPO of NTPC Green Energy, a subsidiary of NTPC Limited, can open on November 18. The date has not been officially announced by the company yet. NTPC Green Energy will file the red herring prospectus on Monday, November 11. According to a person familiar with the matter, investors holding NTPC shares will get their shareholders' quota on Friday.
Apart from this, according to the report, there may be a price discount for employees in NTPC Green Energy IPO. Besides, a separate quota can also be created for them. SEBI has approved the Rs 10,000 crore IPO of NTPC Green Energy. The company had applied to SEBI for IPO on 18 September 2024.
What is GMP?
According to Investors Gain Report, NTPC Green Energy IPO is trading at a premium of Rs 25 today. Earlier yesterday also the IPO was trading at GMP of Rs 25.
Experts are bullish on NTPC shares
According to the report of News18, ICICI Securities has given buy tag to NTPC shares. The brokerage house said the company has an operating capacity of 3.2 GW. The company has 12 GW capacity of renewable projects under construction. 11 GW projects are in the pipeline. The company focuses on capacity building for its renewable energy projects as well as creating linkages for the renewable energy needs of corporates and PSUs. NTPC has set a target of 60 GW by financial year 2032.
