NTPC Green Energy IPO Receives SEBI Nod, Aiming to Raise Rs 10,000 Crore in Early November; Don't Miss the Details!NTPC Green Energy IPO Receives SEBI Nod, Aiming to Raise Rs 10,000 Crore in Early November; Don't Miss the Details!

NTPC Green Energy IPO: The Securities and Exchange Board of India has greenlit the initial public offering (IPO) of NTPC Green Energy Ltd., anticipated to launch in the first week of November. A notable point for potential investors is that NTPC shareholders must hold their shares prior to the Red Herring Prospectus release to qualify for a special allocation in the offering.

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NTPC Green Energy plans to raise Rs 10,000 crore through this IPO, aiming for a market capitalization of approximately Rs 75,000 crore. The offering will consist solely of new shares, with no portion allocated for sale by existing shareholders. The funds raised will primarily go toward debt repayment and general corporate needs.

Retail investors will be allowed to bid up to Rs 2 lakh in the IPO. However, NTPC shareholders can participate in a reserved portion, increasing their bidding limit to Rs 4 lakh. NTPC Green Energy employees who also hold NTPC shares can bid in multiple categories, allowing a maximum bid of Rs 6 lakh.

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This Rs 10,000-crore IPO aligns with the government’s goal to expand renewable energy capacity to 500 GW by 2030, up from the current 200 GW. In the April-June quarter, NTPC Green reported a net profit of Rs 138.6 crore on revenues of Rs 578.4 crore.

Currently, NTPC Green has a renewable energy capacity of 3.34 GW in solar and 0.21 GW in wind, with 8.13 GW under construction and a pipeline of 10.57 GW. NTPC’s share price rose by 2.57% to Rs 414.30 but later stabilized at Rs 406.80, reflecting a 0.72% increase. Over the past year, the stock has surged by 73.40%.