NTPC shares rose by 4% on Wednesday after its subsidiary, NTPC Green Energy, filed draft papers for a ₹10,000 crore Initial Public Offering (IPO). The IPO will consist solely of a fresh issue, with no offer-for-sale component, and is expected to support India’s renewable energy goals.
The IPO aligns with the government’s aim to increase the country’s renewable energy capacity to 500 GW by 2030, from the current 200 GW.
As of 9:48 am, NTPC shares were trading 3.49% higher at ₹428.60 on the NSE.
Key IPO Details
The IPO size is targeted at ₹10,000 crore, entirely raised through a fresh issuance of equity shares with a face value of ₹10 each. A 10% portion will be reserved for retail investors, and there will also be a shareholders’ quota for NTPC Limited shareholders. Eligibility for the shareholders’ quota will be determined by the filing date of the Red Herring Prospectus (RHP).
| Details | Amount/Information |
|---|---|
| Total IPO Size | ₹10,000 crore (Fresh Issue) |
| Face Value of Each Equity Share | ₹10 |
| Retail Portion | 10% |
| Shareholders Quota | Yes |
| Parent Company | NTPC Limited |
| Shareholders Eligibility Date | Date of filing RHP |
| Listing Exchanges | BSE and NSE |
| IPO Lead Managers | IDBI Capital, HDFC Bank, IIFL Securities, Nuvama Wealth Management |
| Expected Contribution to India’s Renewable Energy Capacity by 2030 | 500 GW (non-fossil fuel energy capacity) |
IPO Management
The Book Running Lead Managers (BRLMs) for the issue include IDBI Capital Markets, HDFC Bank, IIFL Securities, and Nuvama Wealth Management. KFin Technologies Limited has been appointed as the registrar for the issue. The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
NTPC Green Energy’s IPO is expected to play a crucial role in India’s renewable energy landscape, further strengthening the government’s goal of achieving 500 GW of non-fossil fuel energy capacity by 2030.
