Tue Nov 19 05:53:02 UTC 2024: ## NTPC Green Energy’s ₹10,000 Crore IPO Opens Tuesday

**NEW DELHI** – NTPC Green Energy Ltd., a subsidiary of NTPC Ltd., will launch its ₹10,000 crore initial public offering (IPO) on Tuesday, November 19th, closing on November 22nd. The IPO, priced between ₹102 and ₹108 per share, is the third largest of the year, following Hyundai Motor India and Swiggy.

The offering comprises 59.31 crore shares, with 8.62 crore allocated to retail investors. Anchor investors, including Goldman Sachs, the Government of Singapore, and LIC, already subscribed to ₹3,960 crore worth of shares at ₹108 per share. The IPO is a fresh issue, with all proceeds going directly to NTPC Green Energy.

The company, incorporated in April 2022, operates 3,171 MW of renewable energy projects across six states. It plans to use the IPO funds primarily to repay borrowings of its subsidiary, NTPC Renewable Energy Ltd., and for general corporate purposes. As of July 31st, 2024, the company had consolidated borrowings of ₹16,235 crore. In the quarter ending June 2024, NTPC Green Energy reported a revenue of ₹578.44 crore and a profit after tax of ₹138.61 crore.

The unrelated news about the G20 summit and India-China relations has been omitted as it is not relevant to the IPO announcement.

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