Tue Nov 19 08:57:43 UTC 2024: ## NTPC Green Energy IPO Opens, Aims for ₹10,000 Crore

**New Delhi, November 13, 2024** – NTPC Green Energy Limited’s initial public offering (IPO) opened today, aiming to raise ₹10,000 crore through a fresh issue of 92.59 crore shares. This makes it the third-largest IPO of the year in India, following Hyundai Motors India and Swiggy.

The IPO, priced between ₹102 and ₹108 per share, will close on November 22nd. Retail investors can participate with a minimum investment of ₹14,904 (138 shares), while minimum investments for smaller and larger non-institutional investors are ₹208,656 and ₹1,013,472 respectively.

NTPC Green Energy, a wholly-owned subsidiary of NTPC Limited, is India’s largest renewable energy public sector enterprise, with solar and wind power assets across six states. Several brokerages have issued recommendations, with many suggesting subscription only for long-term investors due to an aggressive valuation (P/E ratio of 264x as of FY2024). The grey market premium (GMP) has recently dropped to ₹0.70, indicating a potentially low listing gain.

The allotment is expected by November 25th, with listing on the BSE and NSE anticipated on November 27th. Investors are advised to consult financial advisors before investing.

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