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Another high profile IPO will be seen in the primary market next week. NTPC's green energy arm NTPC Green Energy will see an IPO, where the company will raise about Rs 10,000 crore. Apart from this, two issues of Lamosaic India and C2C Advanced Systems will open for subscription in the SME segment. Apart from the new IPO, 4 listings including Jinka Logistics Solution will also take place next week.
NTPC Green IPO
NTPC Green Energy has fixed a price band of Rs 102-108 for its Rs 10,000 crore IPO, which will open for subscription on November 19 and close on November 22. The Rs 10,000 crore IPO will be entirely a fresh issue of equity shares and will not have an offer for sale (OFS) component. Investors can bid for 138 shares in one lot and 138 shares in multiples thereof. The proceeds from the fresh issue will be used to invest in its wholly-owned subsidiary NTPC Renewable Energy for debt repayment and other general corporate purposes. SME Segment Lamosaic India's SME IPO will open for subscription on November 21. The Rs 61 crore issue is priced at Rs 200 per share. The IPO, which will close on November 26, is entirely a fresh equity sale of 30.6 lakh shares. Meanwhile, C2C Advanced Systems will launch its IPO on November 22 and it will be available for bidding till November 26. The company has fixed a price band of Rs 214-226 per piece.
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