NTPC Green Sets Rs 102-108 Price Band for Rs 10,000 Crore IPO, Eyes Strong Demand

NTPC Green Energy, a renewable energy subsidiary of NTPC Ltd, has set a price band of Rs 102-108 per share for its upcoming Rs 10,000 crore IPO. The IPO, opening from November 19 to November 22, includes no Offer For Sale (OFS), focusing instead on new equity issuance. Anchor investors can bid starting November 18, with allocations set at 75% for institutions, 15% for non-institutional, and 10% for retail investors. NTPC Green, India’s largest public-sector renewable energy firm by capacity, operates 2,925 MW and has 11,771 MW in awarded projects. Notably, its revenue grew at a CAGR of 46.82% from FY22 to FY24, reaching Rs 1,962.6 crore, with profit up 90.75%, hitting Rs 344.72 crore.

Related News

{{ news.title }}

Trending News

{{ news.title }}