NTPC Green Energy To Raise ₹10,000 Cr Via IPO, Check Price, Dates, Price

NTPC Green Energy Ltd is set to raise ₹10,000 crore via its Initial Public Offering (IPO). With a price range fixed between the range of ₹102 and ₹108 apiece, the shares will be available for subscription between November 19 and November 22. The IPO is entirely a fresh issue.

Investors can place bids in lots of 138 shares or in the multiples of 138 shares.

About 75% of the issue is reserved for institutional investors, while the allocation stands at 15% for non-institutional investors. About 10% is reserved for retail investors. Under the employee quota, shares will be provided with a ₹5 discount, totalling ₹200 cr. In addition to this, shares valued at ₹1000 crore will be set aside for NTPC shareholders.

The NPTC Green Energy IPO is the third largest IPO in the country, followed by Hyundai Motor India and Swiggy.

With an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects spanning across six states, NPTC Green Energy is a renewable energy company that focuses on generating clean and sustainable energy via renewable sources, which includes solar, wind, and hydro power. It is a subsidiary of NTPC Limited.