Tue Nov 19 01:37:08 UTC 2024: ## NTPC Green Energy to Raise ₹10,000 Crore in IPO

**New Delhi, November 17, 2024** – NTPC Green Energy Limited, the renewable energy arm of NTPC Limited, is set to launch its initial public offering (IPO) on Tuesday, November 19th. The book-building offer aims to raise ₹10,000 crore through the issuance of 92.59 crore fresh shares. There is no offer-for-sale component.

The IPO price band is set between ₹102 and ₹108 per share. The minimum investment for retail investors is ₹14,904 (138 shares), while small and large non-institutional investors have higher minimum investment requirements. The IPO will close on November 22nd, with an anchor investor round scheduled for November 18th. Listing on the BSE and NSE is expected on November 27th.

Proceeds from the IPO will primarily be used to repay borrowings of NTPC Renewable Energy Limited (NREL), a wholly-owned subsidiary, and for general corporate purposes. NTPC Green Energy has reported substantial growth, with a 1,094% increase in total income and more than doubled net profit in FY24 compared to FY23.

The IPO’s book-running lead managers are IDBI Capital Market Services Limited, HDFC Bank Limited, IIFL Securities Ltd, and Nuvama Wealth Management Limited, with Kfin Technologies Limited serving as the registrar. The company is expected to finalize allotment status on November 25th, with refunds and share allocation to successful applicants on November 26th.

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