NTPC Green Energy has announced to launch its initial public offering (IPO) on Tuesday, November 19 and the bidding for the issue shall conclude on Friday, November 22.

The Rs 10,000-crore initial share sale of NTPC Green Energy, the wholly-owned subsidiary of the country's largest power generation company NTPC, will open for subscription on November 19, with a price band at Rs 102-108 per share.

Subscriptions for NTPC Green Energy's eagerly anticipated IPO are anticipated to open next week. Particularly in light of the successful listing of another renewable energy-related IPO, Waaree Energies,

Investors making bids for the NTPC Green Energy IPO can do so for one lot of 138 shares and in multiples of that thereafter.

NTPC Green Energy IPO is a key step in NTPC’s goal to achieve 60 gigawatts (GW) of renewable energy capacity by FY32.

NTPC Green Energy Limited, a subsidiary of state-owned NTPC Limited, is planning to launch an initial public offering (IPO) and aims for a valuation of around $12 billion, according to a report by Bloomberg on November 12.

NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 30, 2024, and power generation in Fiscal 2024.

This is as per a report by Bloomberg citing people familiar with the development. If successful, this IPO could become one of the largest in the renewable energy industry.

The grey market premium (GMP) of NTPC Green Energy, the renewable energy arm of state-owned NTPC, has plunged sharply in recent days ahead of the opening of the initial public offering (IPO) early next week.

NGEL is an umbrella company for NTPCs green business initiatives. It undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPCs green energy journey to achieve the ambitious target of 60 GW by FY 32.