Mon Nov 18 14:14:27 UTC 2024: ## NTPC Green Energy’s ₹10,000 Crore IPO to Open on November 19th

**Mumbai, November 18, 2024** – NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC, is set to launch its initial public offering (IPO) on Tuesday, November 19th. The IPO, valued at ₹10,000 crore, will offer 92.59 crore new shares (no offer for sale) at a price band of ₹102-₹108 per share. Anchor investors will bid on November 18th, with the IPO closing on November 22nd. Listing on the BSE and NSE is expected on November 27th. The lot size is 138 shares.

Several brokerages have recommended subscribing to the IPO for the long term. SBI Securities projects significant revenue, EBITDA, and profit growth for NTPC Green Energy over FY24-27, citing the company’s expanding operational capacity from 3.3 GW in September 2024 to a projected 19 GW by FY27. Reliance Securities highlighted NTPC’s financial strength, long-term relationships with off-takers and suppliers, and the experienced management team as key strengths. ICICI Securities noted the company’s substantial contracted and planned renewable energy projects, emphasizing its ambitious growth targets.

The IPO proceeds will primarily be used to repay debt owed by NTPC Renewable Energy Limited (approximately ₹7500 crore), with the remaining amount allocated for general corporate purposes.

While the grey market indicates a modest premium of around ₹1 above the upper price band, this unofficial market should be treated with caution. NTPC Green Energy is a major renewable energy producer within the PSU sector (excluding hydro), boasting significant revenue and profit growth in recent periods.

**Disclaimer:** This news article summarizes information from various sources. Investors are advised to conduct their own due diligence and seek professional financial advice before making any investment decisions.

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