NTPC Green Energy IPO: Recently, the IPO market has been creating a buzz among investors and market preachers. Among the many IPOs in the pipeline, the craze right now is for NTPC Green Energy, the renewable energy subsidiary of National Thermal Power Corporation. It anticipates to launch a ₹10,000 crore initial public offering (IPO), expected to launch in November 2024.

According to media reports, the company is launching the IPO on 18th November, offering fresh shares worth ₹10,000 crore. In this IPO offering, no shares will be sold under the Offer for Sale (OFS). If the IPO size reaches ₹1,000 crore, it will become the third-largest IPO of the year.

The book-running lead managers of the NTPC Green Energy IPO are IDBI Capital Market Services Limited, HDFC Bank Limited, IIFL Securities Ltd, and Nuvama Wealth Management Ltd, while Kfin Technologies Limited is the registrar for the issue.

What Is NTPC Group Trying To Achieve?

The NTPC group is all set to unlock its value through the IPO of its subsidiary, NTPC Green Energy. It plans to expand its presence in both domestic and international markets, including the London and US markets. The company is taking steps to attract more investments from these regions.

According to reports, as of June 30, 2024, NTPC ranks among the top 10 renewable energy companies in India, based on operational capacity. With a contracted capacity of 15 GW, NTPC Green Energy secured the third spot, behind ReNew Power, which has a capacity of 16 GW. Adani Green Energy, which holds the first spot, has a capacity of 27 GW. Additionally, the NTPC Green Energy IPO gets endorsement by NTPC and falls under the jurisdiction of the Government of India.

Details Of NTPC Green Energy IPO

• Grey Market Premium: The NTPC IPO, according to GMP, is at Rs 24, this is an unchanged figure from the previous trading session. It changed to Rs 10 after the new session started, according to latest updates.

• IPO Price Band: In a report by brokerage ICICI, the price band is anticipated to be in the range of Rs 100-120 per share. This range totally depends on market expectations and investor sentiment.

• Launch Date: According to media reports, NTPC Green Energy is to launching its IPO on November 18. Although there are no official statements from the company, the company has also not filed the Red Herring Prospectus (RHP) yet,It is expected that RHP will also be filled soon. The speculation suggests that the IPO will include a reservation for shareholders of the parent company, NTPC Limited

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