NTPC Green Energy to launch Rs 10,000-crore IPO in early November, plans roadshows in India and abroad: CNBC TV18

NTPC Green Energy plans roadshows in India and abroad for its proposed Rs 10,000-crore IPO.

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26 Aug, 2025 12:21

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NTPC Green Energy, a 100 percent subsidiary of NTPC, is set to launch its much-awaited Rs 10,000-crore initial public offering (IPO) in the first week of November, CNBC TV18 reported citing sources. As part of the run-up to the offering, the company will conduct roadshows in Mumbai, London, the US, Singapore, and other locations to attract potential investors.

The mega PSU IPO has been on investors’ radar ever since NTPC Green Energy filed its draft red herring prospectus (DRHP) with SEBI earlier this month.

The Rs 10,000-crore public issue, expected to be one of India’s largest IPOs in 2024, will be a fresh issue of equity shares with no offer for sale by the promoter entities. NTPC shareholders, as of the date of the red herring prospectus (RHP), will be eligible for a reserved quota, capped at 10 percent of the total issue.

NTPC Green Energy’s IPO is a key step in NTPC’s goal to achieve 60 gigawatts (GW) of renewable energy capacity by FY32. The company currently has 24 GW of the capacity in its pipeline, and it has been expanding aggressively in areas such as solar energy and green hydrogen.

The strong growth potential of NTPC’s renewable energy business has led to optimism about the stock of parent NTPC Ltd, with Jefferies maintaining a ‘buy’ rating and a target price of Rs 485 per share. Jefferies cited the ramp-up in renewable energy bids, which reached 37-39 GW in FY24, as a major factor.

Analysts believe the listing of NTPC Green Energy will unlock substantial value for the parent company, potentially prompting a re-rating of NTPC’s stock. The proceeds from the IPO will be used to fund NTPC Green Energy’s ongoing and future projects, which include solar energy, green hydrogen, and green ammonia initiatives.

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