Major Market Debut: NTPC Green Energy
NTPC Green Energy, the renewable energy arm of NTPC, will kick off its ₹10,000 crore IPO on November 19, closing on November 22. The offering, priced at ₹102-108 per share, will consist entirely of fresh equity shares. The company plans to utilize ₹7,500 crore from the proceeds to repay the debt of its subsidiary, NTPC Renewable Energy, with the remainder earmarked for general corporate purposes.
Upcoming Offerings: Enviro Infra Engineers and Lamosaic India
Delhi-based Enviro Infra Engineers, specializing in sewage treatment plants and sewerage systems, is set to launch its IPO on November 22. The offering includes a fresh issue of 3.87 crore equity shares and an offer-for-sale of 52.68 lakh shares by the promoters. Price band details are expected on Monday.
Meanwhile, Lamosaic India will open its ₹61 crore IPO on November 21, priced at a fixed rate of ₹200 per share.
Defense Sector Spotlight: C2C Advanced Systems
In the SME segment, C2C Advanced Systems, a defense electronics solutions provider, will raise over ₹99 crore through its IPO. Opening on November 22 and closing on November 26, the issue is priced at ₹214-226 per share.
Closing Bell: Zinka Logistics Solutions and Onyx Biotec
Zinka Logistics Solutions, the Bengaluru-based company behind the BlackBuck app for truck operators, will conclude its ₹1,115 crore IPO on November 18. The offering has already seen a 32% subscription in two days.
Simultaneously, Onyx Biotec, which supplies sterile water for pharmaceutical injections, will close its ₹29 crore IPO on the same day.
These upcoming IPOs are poised to draw attention, signaling investor interest despite prevailing market uncertainties.
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