Wed Nov 13 05:23:42 UTC 2024: ## NTPC Green Energy IPO to Launch Next Week, Aiming to Raise ₹10,000 Crore

**New Delhi, November 14, 2023:** NTPC Green Energy, a wholly-owned subsidiary of NTPC, is set to launch its highly anticipated Initial Public Offering (IPO) on November 19th, seeking to raise a total of ₹10,000 crore. The IPO, which will close on November 22nd, will see the company issuing 92.59 crore shares at a price band of ₹102 to ₹108 per share.

NTPC Green Energy is a renewable energy company specializing in solar and wind projects. It currently operates over 3,171 MW of solar projects and 100 MW of wind projects across six Indian states, with a total portfolio of 14,696 MW including operating, contracted, and awarded projects.

The IPO allotment is expected to be finalized on November 25th, with the shares likely to list on the BSE and NSE on November 27th. Retail investors need to apply for a minimum of 138 shares, amounting to ₹14,904. The IPO has different lot sizes for Non-Institutional Investors (NIIs), with small NIIs needing to invest 14 lots (₹2,08,656) and large NIIs requiring ₹10,13,472.

IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.

**In other news:** Shriram Life Insurance, co-promoted by Shriram Group and Sanlam Group, has reported a 100% growth in policies sold in the first half of fiscal year 2025. The company’s focus on low- and middle-income segments, particularly in rural areas, has led to a 57% rise in retail new business premium income.

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