NTPC Green Energy’s ₹10,000 crore IPO opens on November 19, 2024, offering shares between ₹102-108 to investors.
Important Dates and Subscription Details
The IPO opens from November 19-22, with listing on BSE and NSE on November 27. 75% allocation goes to QIBs.
Fund Utilization
The IPO proceeds will primarily repay NTPC Renewable Energy’s debts, with the remainder supporting NGEL’s corporate growth and expansion.
Expansion in Renewable Energy
NGEL, part of NTPC’s renewable push, targets 60 GW of renewable capacity by 2032, with major projects in Gujarat, Rajasthan, and Maharashtra.
