NTPC Green Energy launches IPO today at Rs 102-109 per share. Minimum bid: 138 shares. Open until November 22.
The IPO aims to raise Rs 10,000 crore with shares reserved for employees and NTPC Ltd shareholders.
NTPC Green Energy has an operational capacity of 3,071 MW solar and 100 MW wind projects as of August 2024.
NTPC Green aims to grow to 6 GW by FY25, contributing to India's renewable energy transition goals.
NTPC Green posted Rs 138.61 crore profit in Q1 FY24. Revenue for FY24: Rs 2,037.66 crore.
NTPC Green shares will be listed on BSE and NSE on November 27. Lead managers include HDFC Bank and IIFL Securities are hired.
Multiple brokerages advise subscribing for long-term growth. NTPC's strength backs sustainable energy goals.