Wed Nov 13 06:07:54 UTC 2024: ## NTPC Green Energy IPO: Grey Market Premium Dips Amidst Uncertainty
**New Delhi:** The highly anticipated NTPC Green Energy IPO, set to open on November 18th, is witnessing a dip in its Grey Market Premium (GMP), reflecting investor sentiment amidst uncertainties. The IPO, which is a book-built issue with a total size of ₹10,000 crore, will be a fresh issue of shares.
While the IPO price band is yet to be announced, the latest GMP is recorded at ₹10, a significant decline from ₹24 a day earlier and ₹30 on November 9th, according to ipowatch.in.
This drop in GMP could be attributed to the recent statement by US President-elect Donald Trump, who expressed skepticism about renewable energy projects, calling them a “scam.” NTPC Green, being a company focused on renewable energy, could be impacted by this development.
The NTPC Green Energy IPO aims to raise funds for the company’s expansion and development. Investors interested in contributing to the growth of environmentally friendly energy sources can potentially benefit financially from this IPO.
**Key Details of the IPO:**
* Face Value: ₹10 per equity share
* IPO Opening Date: 18 November 2024
* IPO Closing Date: 21 November 2024
* Allotment Date: 22 November 2024
* Refund Date: 25 November 2024
* Credit to Demat Account: 25 November 2024
* IPO Listing Date: 26 November 2024
**About NTPC Green Energy:**
NTPC, the largest public sector power company in India, established NTPC Green Energy to focus on renewable energy sources like solar and wind power. The company aims to develop utility-scale renewable energy projects for PSUs and Indian corporates.
The IPO offers a chance for investors to participate in the growing renewable energy sector and potentially gain financial returns while supporting the development of clean energy solutions.
First Piper 