NTPC Green Energy Limited IPO | Very special news is coming for IPO investors. Let us tell you that NTPC Green Energy, the renewable energy unit of NTPC, on Wednesday filed initial documents with capital market regulator SEBI to raise Rs 10,000 crore through initial public offering (IPO).
NTPC Green Energy Limited IPO
Talking about the company, NTPC Green Energy is a ‘Maharatna’ central public sector enterprise. It includes solar and wind energy assets spread across more than six states. The company’s operational capacity by August 2024 included 3,071 MW from solar projects and 100 MW from wind projects across six states.
According to documents filed by NTPC Green Energy with the Securities and Exchange Board of India (SEBI), the initial share sale is entirely a fresh issue of equity shares and is not an offer for sale (OFS).
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NTPC Green Energy has informed that Rs 7,500 crore raised from the IPO will be used for partial or full repayment of the outstanding debt of its subsidiary NTPC Renewable Energy Limited (NREL), while a part will be used for general corporate purposes. .
The year 2024 is very special for Indian IPO investors. According to the information received, so far this year about 60 big companies have launched IPO.