NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, is going public with an Initial Public Offering (IPO) to raise Rs 10,000 crore.
Key Details of the IPO:
Issue Size: Rs 10,000 crore (purely fresh issue)
Price Band: Rs 102 to Rs 108 per share
Lot Size: 138 shares
Minimum Investment: Rs 14,904
IPO Dates: November 19 to 22, 2024
Allotment Date: November 25, 2024
Listing Date: November 27, 2024
Registrar: Kfin Technologies Limited
Strong Anchor Book Interest: The company has already raised Rs 3,960 crore through the anchor book bidding process, indicating strong investor interest.
Focus on Renewable Energy: NTPC Green Energy is a leading player in the renewable energy sector, with a focus on solar and wind power generation.
Government Backing: As a subsidiary of NTPC Limited, a government-owned company, NTPC Green Energy benefits from strong government support.