NTPC Green Energy Ltd., a clean energy subsidiary of state-run NTPC, is planning one of India's largest renewable energy IPOs, aiming for a valuation of around $12 billion.
The company is in talks with advisers to price the shares above 100 rupees ($1.18) each. NTPC Green Energy could raise up to 100 billion rupees through this public offering. The IPO is set to open on November 18 and close on November 21, although details such as final pricing and timing are still being finalized.