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NTPC Green Energy IPO GMP: After the listing of some big companies like Hyundai and Swiggy so far this year, another high-profile IPO is set to hit the primary market. NTPC Green Energy is the green energy unit of state-run NTPC and is set to hit the stock market soon. The IPO of NTPC Green Energy Limited (NGEL) is scheduled to open on November 19. However, ahead of the opening of the subscription window, the share price of the subsidiary of Maharatna PSU NTPC has declined in the unlisted market.
NTPC Green Energy IPO GMP Today
According to several websites that track unlisted markets, the current GMP (grey-market premium) of NTPC Green Energy shares is Rs 1.40, which is a 1.3 percent premium to the upper rate (Rs 108) of the issue price band (Rs 102-108).
However, the company's GMP has declined before the subscription opens on Tuesday. The GMP of NTPC Green Energy IPO was Rs 2.50 on November 14, while it was Rs 3 on November 13. Earlier, it was Rs 9 on November 11 and 12. The GMP of the issue on November 9 and 10 was Rs 25 and Rs 16 respectively.
NTPC Green IPO Price Band & Lot Size
The company has set the IPO issue price in the range of Rs 102-108 per share, with a lot size of 138 shares. Of the total issue, 75 percent is for qualified institutional buyers, 15 percent for high net-worth individuals, and 10 percent for retail buyers.
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