The ₹10,000 crore IPO is a book-built issue comprising an entirely fresh issue of 925,925,926 shares. The price band for the IPO is ₹102108 per share, with a lot size of 138 shares. Retail investors will need a minimum of ₹14,904 to bid for one lot of 138 shares.
The subscription window closes on Friday. The basis of allotment will be finalised on Monday (November 25), and shares will be credited to demat accounts a day later. NTPC Green Energy shares are likely to be listed on the National Stock Exchange (NSE) and the BSE on next Wednesday.
According to the draft red herring prospectus, NTPC Green Energy plans to use the net proceeds for funding investments in its wholly owned subsidiary NTPC Renewable Energy (NREL) to repay or prepay certain outstanding borrowings, and for general corporate purposes.
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