NTPC Green Energy Limited, a subsidiary of state-owned NTPC Limited, is gearing up for an initial public offering (IPO) that could value the company at approximately $12 billion, making it one of the largest IPOs in the renewable energy sector. The company has engaged in discussions with its advisors, reportedly aiming to price its shares at over ₹100 per share, according to sources cited by Bloomberg on Tuesday, November 12.
With an anticipated capital raise of up to ₹10,000 crore ($100 billion) through the share sale, NTPC Green Energy seeks to leverage investor interest in renewable energy as governments and corporations globally pivot towards sustainable energy solutions. The IPO is set to open for bids on November 18 and will remain open until November 21.
This IPO represents a significant milestone for NTPC Green Energy, positioning it as a major player in India’s energy transition. Founded to drive NTPC’s clean energy initiatives, NTPC Green Energy has expanded its renewable portfolio, contributing to the country’s ambitious goal of achieving 500 GW of renewable energy capacity by 2030. Proceeds from the IPO will likely fuel further expansion in solar, wind, and hybrid energy projects, advancing both the company’s and India’s decarbonization efforts.
While final details on valuation, pricing, and timing could still be subject to adjustments, NTPC Green Energy’s upcoming IPO reflects the broader momentum in India’s renewable energy market. The country has seen rising investor enthusiasm in this space as firms like NTPC Green Energy continue to innovate, setting the stage for a transformative shift in India’s energy landscape.
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