NTPC Green Energy Limited is set to launch its Rs 10,000 crore IPO on November 19, 2024, offering 92.59 crore shares at a price band of Rs 102-108 per share. The proceeds will fund debt repayment and corporate purposes.

India's NTPC Green Energy has set a price band of 102 rupees to 108 rupees per share for its 100 billion rupees ($1.19 billion) IPO, which is set to be the country's third-largest this year, a newspaper advertisement showed on Wednesday.

As part of its renewable energy push, NGEL is developing a green hydrogen hub at Pudimadaka in Andhra Pradesh and intends to commission grid-scale battery storage for round-the-clock power

NTPC Green Energy is a wholly-owned subsidiary of NTPC Ltd, focusing on renewable energy projects through both organic growth and acquisitions.

The company reported a consolidated revenue Rs 578.44 crore and a profit after tax of Rs 138.61 crore during the three months ended June 2024.

Investors making bids for the NTPC Green Energy IPO can do so for one lot of 138 shares and in multiples of that thereafter.

The company didn't offer more than 10% of the issue to retail investors. The NIIs can place their bids for 15% of the issue.

NTPC Green Energy set a price band on Wednesday for its initial public offering (IPO), targeting a valuation of as much as $10.8 billion in what is set to be India's third-largest IPO this year, though analysts raised concerns on the "aggressive" pricing.

The Initial public offering starts on 19 November. From financials to GMP, here are 10 Key things to know from the RHP

The subscription for the initial public offering (IPO) of NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, will begin next week.