Mon Nov 18 04:35:16 UTC 2024: ## NTPC Green Energy’s Rs 10,000 Crore IPO Opens November 19th: Shareholder Quota Included

**Mumbai, India** – NTPC Green Energy, a subsidiary of India’s largest power producer NTPC, is set to launch its highly anticipated initial public offering (IPO) next week. The IPO, valued at Rs 10,000 crore (approximately $1.2 billion USD), will open for subscription from November 19th to 22nd.

A key feature of this offering is a reserved quota for existing NTPC shareholders. Ten percent of the shares are earmarked for these shareholders, who held NTPC shares as of November 13th, the date of the Red Herring Prospectus (RHP) filing. This includes individual and HUF (Hindu Undivided Family) shareholders, excluding entities restricted by law. The minimum application requires 138 shares, priced between Rs 102 and Rs 108 per share.

The Grey Market Premium (GMP) is currently estimated at Rs 2.5-3, suggesting a potential 3% premium. The IPO is one of the largest in recent times, following Swiggy’s significant share sale.

NTPC Green Energy plans to invest up to Rs 1 lakh crore (approximately $12 billion USD) in solar and wind assets by fiscal year 2027. Parent company NTPC has already invested Rs 7,500 crore in the subsidiary. The company aims for a valuation of Rs 1 lakh crore.

Investors are advised to consult with financial advisors before making any investment decisions. This news is based on information from Moneycontrol.

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