NTPC Green Energy Ltd

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offering of 92,68,24,881 equity shares of face value of Rs.10 each ("equity shares") of NTPC Green Energy Limited (the "company" or the "issuer") for cash at a price of Rs. 108.00 per equity share including a premium of Rs. 98.00 per equity share (the "issue price") aggregating to Rs. 10000.00 crores (the "issue"). This issue includes a reservation of 1,94,17,475 equity shares aggregating to Rs. 200.00 crores (constituting 0.23% of the post-issue paid-up equity share capital of the company) for subscription by eligible employees (the "employee reservation portion") and a reservation of 9,25,92,592 equity shares of face value of Rs.10 each, aggregating to Rs. 1000.00 crores (constituting up to 1.10% of the post-issue paid-up equity share capital of the company of the issue) for subscription by eligible shareholders ("shareholders reservation portion"). The company, in consultation with the book running lead managers, may offer a discount of 4.63% (equivalent of Rs. 5.00 per equity share) to the issue price to eligible employees bidding under the employee reservation portion ("employee discount"). The issue less the employee reservation portion and the shareholders reservation portion is hereinafter referred to as "net issue". The issue and the net issue would constitute 11.00% and 9.67%, respectively, of the postissue paid-up equity share capital. The Issue Price is Rs. 108 per equity share of face value of Rs. 10 each. The Issue price is 10.80 times the face value of the equity shares. Bid can be made for a minimum of 138 equity shares and in multiples of 138 equity shares. A discount of Rs.5 equity share is being offered to eligible employees bidding in the employee reseravtion portion.

*Subject to approvals and market conditions.