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News Details

13/11/2024 14:40

NTPC Green Energy announces launch of initial public offering

NTPC Green Energy Ltd. has announced public offering of 925925926 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 98.00 per share. The gross proceeds of the issue are expected to be Rs 10,00,000.00 lakhs.

The company's initial public offer (IPO) will open on 19 November 2024 and is expected to close on 22 November 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 102.00-108.00 per share.

The IPO includes a fresh Issue of 925925926 Equity Shares of the Company at an price of Rs 108.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 138 shares with bids in multiples of 138.

NTPC Green Energy Ltd. anticipates using the proceeds of the issue for .

IDBI Capital Markets & Securities Limited,IIFL Capital Services Limited,Nuvama Wealth Management Ltd.,HDFC Bank Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.