Mon Nov 18 06:13:55 UTC 2024: ## NTPC Green Energy IPO to Raise ₹10,000 Crore
**New Delhi, November 15, 2024** – NTPC Green Energy, a subsidiary of the state-owned power giant NTPC Limited, is set to launch its initial public offering (IPO) on November 19th. The IPO, aiming to raise ₹10,000 crore (approximately $1.2 billion USD), will offer 925,925,926 shares at a price band of ₹102-₹108 per share. The offer will close on November 22nd, with allotment expected on November 25th and listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 27th.
The IPO will consist entirely of fresh equity shares, with a minimum investment of ₹14,904 required for one lot (138 shares) at the upper price band. Investors can bid for a maximum of 13 lots. The offer will open to anchor investors on November 18th.
NTPC Green Energy is a renewable energy company focused on both organic and inorganic project acquisitions. As of August 31st, 2024, the company had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states.
Preliminary grey market indications suggest a potential listing price around ₹109, based on a ₹1 premium. However, potential investors are advised to consult with market experts before making any investment decisions.
First Piper 