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

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.