NTPC Green Energy Ltd., the renewable energy arm of NTPC, has launched its highly anticipated Rs 10,000-crore initial public offering (IPO) today, November 19, and it will be open for subscription until November 22. This is India’s largest PSU renewable energy IPO. This taps into the nation’s clean energy ambitions, providing investors an opportunity to participate in the country’s transition to a sustainable future.

NTPC Green Energy IPO: All Details

• You IPO of NTPC Green Energy’s is open from Nov 19 to Nov 22. The allocation of the shares will be done on Nov 25.
  NTPC Green Energy’s IPO is worth of Rs 10,000 Crore. 92.59 crore new shares will be issued for this.
  The IPO price range is Rs 102-108 per share. Minimum lot size for the IPO is 138 shares and retail investors would have to invest at least Rs 14,904 in the IPO.
  IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are managing this IPO as book-running lead managers. Kfin Technologies is serving as the issue’s registrar.
  The company is expected to list on BSE and NSE on November 27.
  The major rivals of the NTPC are Adani Green Energy and ReNew Energy Global PLC.

NTPC Green Energy IPO Composition

The IPO consists of a pure primary offering of 92.59 crore new equity shares, with no existing shares being sold. The breakdown of the allocation is as follows:

Qualified Institutional Buyers (QIBs): 75% of the net issue.

Non-Institutional Investors (NIIs): 15% of the net issue.

Retail Investors: 10% of the net issue.

Shareholders and Employees: Rs 200 crore worth of shares at Rs 5 discount are reserved for the employees and Rs 1,000 crore worth of shares reserved NTPC shareholders.

Should You Subscribe?

Cholamandalam Securities recommends “SUBSCRIBE” to NTPC Green Energy’s IPO, citing its strong expansion plans and strategic presence in the renewable energy sector.

Anand Rathi recommends “SUBSCRIBE FOR LONG TERM” for NTPC Green Energy’s IPO, citing its robust parent company, efficient operations, and diversified renewable energy portfolio.

Geojit Financial Services advises “SUBSCRIBE for LONG TERM” to NTPC Green Energy’s IPO, anticipating growth through portfolio expansion, green hydrogen investments, and next-gen energy solutions.

(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)

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