Outlook Business Desk
Established in 2022, NTPC Green Energy Limited is a subsidiary of NTPC Limited, taking on the renewable energy sector with various projects across many states
The funds gained from its IPO will be used for usual corporate business and to invest in NTPC Renewable Energy Limited
For the financial year that ended in March 2024, NTPC Green Energy's income reached Rs 2,037.66 crore from Rs 170.63 crore in the previous fiscal, thus increasing by 1,094 per cent. The company also doubled its net profit from Rs 171.23 to Rs 344.72
The price band for the company's IPO has been fixed at Rs 102 - Rs 108 per share. The minimum investment for big Non-Institutional Investors is Rs 10,13,472 (9,384 shares) while for small Non-Institutional Investors, it is Rs 2,08,656 (1,932 shares). The minimum application size for retail investors is 138 shares amounting to a total investment of Rs 14,904
The NTPC Green Energy IPO will open from November 19 and stay open till November 22. The final IPO allotment will likely take place on November 25. The listing for NTPC Green Energy Limited is planned for November 27.