NTPC Green Energy, a subsidiary of power generating firm NTPC, has announced the dates for its IPO.

What Happened: The company filed its red herring prospectus (RHP) with the securities and markets regulator on Wednesday, in which it said that the IPO will open for subscription on November 19 and close on November 22. The anchor investor bidding will take place on November 18.

The issue, which is a book built issue of ₹10,000 crore, is entirely a fresh issue of 92.59 crore shares. The company has set a price band of ₹102 to ₹108 per share for the issue, the RHP revealed. The minimum lot size for an application is 138 shares which means that at the upper price band, the minimum investment required by retail investors is ₹14,904. 

See Also: Can Tata Motors Shares Shift Gears? These Analysts See 40% Surge Ahead

The allotment for the NTPC Green Energy IPO is expected to be finalised on November 25, and the IPO is scheduled to list on the BSE and NSE tentatively on November 27, 2024.

The company received an approval for the IPO from the markets regulator last month. As of June 30, NTPC Green's portfolio comprised 14,696 megawatts of projects, with an additional 10,975 megawatts of capacity under pipeline.

The company's operational capacity was 3,071 megawatts of solar projects and 100 megawatts of wind projects across six states as of August 31.

Price Action: NTPC’s shares gained 1.21% to trade at ₹384.90 on Wednesday.

Read Next: Technical Analysts See Suzlon Sinking To ₹45