Mon Nov 18 19:54:06 UTC 2024: ## NTPC Green Energy IPO Opens November 19th, Aims to Raise ₹10,000 Crore

**New Delhi, [Date]** – NTPC Green Energy Limited, a subsidiary of India’s largest power producer NTPC, is set to launch its Initial Public Offering (IPO) on November 19th, 2024. The IPO will close on November 22nd, with the company aiming to raise ₹10,000 crore. The price band has been fixed at ₹102-₹108 per share, with a minimum bid lot of 138 shares.

Significant interest has already been observed among eligible investors for the shareholder quota. 10% of the IPO is reserved for existing NTPC shareholders who held shares as of the Red Herring Prospectus (RHP) filing date (November 13th, 2024). This reserved portion will not exceed 10% of the total issue size. The RHP clarifies that eligible applicants include individuals and Hindu Undivided Families (HUFs) holding public equity shares in NTPC as of the RHP filing date.

NTPC has invested ₹7,500 crore in NTPC Green Energy since its inception, and the subsidiary is seeking a valuation of ₹1 lakh crore. The company targets investing ₹1 lakh crore in solar and wind assets by FY27.

Grey market premium (GMP) for the IPO is reportedly around ₹2.5-₹3, indicating a 3% premium.

This IPO represents a significant step for NTPC Green Energy as it seeks to expand its renewable energy portfolio.

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