NTPC Green Energy Ltd., the renewable energy arm of state-owned NTPC Ltd., has announced the price band for its upcoming Initial Public Offering (IPO) valued at ₹10,000 crore. The IPO will open on November 19 and close on November 22, with shares priced between ₹102 and ₹108 per equity share.
Investors can bid for the IPO in lots of 138 shares. The offering consists entirely of fresh equity shares, with no Offer For Sale (OFS) component, making it the second-largest IPO this year after Hyundai Motor India’s ₹27,870 crore issue.
The allocation is structured to reserve 75% of the issue for institutional investors, 15% for non-institutional investors, and 10% for retail investors. Additionally, up to ₹200 crore worth of shares will be set aside for eligible employees, who can avail of a ₹5 per share discount. Existing NTPC shareholders will also have an exclusive reservation of up to ₹1,000 crore under the shareholder quota.
NTPC Green Energy, a Maharatna PSU subsidiary, focuses on large-scale renewable energy projects. In its Red Herring Prospectus, the company has outlined potential risks, including offtaker and supplier concentration, as well as project execution challenges.
