NTPC Green Energy sets IPO price band at ₹102-108 per share

BL Mumbai Bureau Updated - November 13, 2024 at 12:11 PM.

NTPC Green Energy boasts a portfolio comprising 16,896 MW, with 3,320 MW currently operational and the remainder under contract

NTPC Green Energy, the subsidiary of power producer NTPC Ltd, has set the price band for its forthcoming ₹10,000 crore IPO in the range ₹102-108 a share.

The floor price and the cap price are 10.2 times and 10.8 times the face value of the shares, respectively. In the IPO, bids can be made for a minimum of 138 shares and in multiples of that thereafter.

The funds raised are through a fresh issue, and of the total, ₹7,500 crore will be used to invest in its wholly-owned subsidiary NTPC Renewable Energy to repay its debt.

NTPC Green Energy currently has a portfolio of 16,896 MW, of which 3320 MW are operational, and 13,576 MW are contracted and awarded.

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Published on November 13, 2024 03:58
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