NTPC Green Energy IPO GMP: NTPC Green Energy Limited (NGEL) IPO is set to open this week. The company will issue fresh shares worth Rs 10,000 crore in the IPO, which will be a total of about 92.59 crore shares. The issue of NTPC Green Energy will open for subscription on November 19 and close on Friday, November 22. NTPC Green Energy, a subsidiary of NTPC, will reserve some shares for shareholders under the 'Reserve Shareholder Category' in the IPO. This is a reserve option for shareholders other than retail and high-net-worth category (HNI) to apply in the IPO.

NTPC Green Energy IPO Shareholder Quota

Out of the total shares to be sold in the IPO, NTPC Green Energy will reserve 10% of shares for the existing shareholders of its parent company NTPC. This means that those who hold NTPC shares at the time of filing of RHP or before, even if it is just a single share, can apply in the shareholder quota of NTPC Green Energy IPO.

This will increase the chances of allotment for these shareholders.

How many shares will remain reserved (NTPC Green Energy IPO Date)

According to the NTPC Green Energy RHP, a total of Rs 1000 crore or 10% of the total IPO shares will be reserved for eligible shareholders. But keep in mind that this reserve quota is for those shareholders who held NTPC shares on the date of filing the RHP.

All NTPC shareholders who held at least one share in their demat accounts as of November 13 are eligible for this allotment category as NTPC Green Energy had launched its RHP on that date.

What is the price band?

NTPC has fixed the price band of shares in the IPO at Rs 102-108 per share. The lot size in this is 138 shares.