If you’re looking to invest in the stock market, next week could be a great opportunity. NTPC Green Energy, a subsidiary of the government-owned NTPC, is launching its Initial Public Offering (IPO) on Tuesday, November 19.
Investors will have the chance to bid on shares until November 22, 2024. Through this IPO, the company aims to raise Rs 10,000 crore from the primary market.
Key Details of NTPC Green Energy IPO
The IPO for NTPC Green Energy will feature a price band set between Rs 102 and Rs 108 per share. This information was shared by NTPC Green Energy’s Chairman
and Managing Director, Gurdeep Singh, during a recent promotional event. Singh also highlighted the company’s ambitious plan to invest up to Rs 1 lakh crore in solar
and wind energy projects by the fiscal year 2026-27, with around 20 percent of this investment expected to come from equity.
Expanding Capacity and New Projects
In addition to the Rs 10,000 crore to be raised through the IPO, NTPC Green Energy will fund its growth through internal resources.
Currently, the company has an installed capacity of 3,220 MW and plans to expand to 6,000 MW by March 2025, aiming for 11,000 MW by 2026.
The IPO will consist of a fresh issue worth Rs 10,000 crore, with a price range set between Rs 102 and Rs 108.
NTPC Green Energy is also exploring new areas beyond power generation, including green hydrogen, pump storage power, and energy storage solutions.
This IPO provides a promising opportunity for investors interested in the growing green energy sector.
In summary, the NTPC Green Energy IPO offers an exciting investment opportunity, and with the company’s ambitious future plans, it could be a great addition to any investor’s portfolio.