NTPC Green Energy IPO: RHP Likely To Be Filed Today, GMP Falls; All You Need to Know

The Indian renewable energy sector giant, NTPC Green Energy, is preparing for its initial public offer (IPO) and filing its red herring prospectus (RHP), a crucial step that is expected to be completed by the end of this week.

According to people close to the matter, NTPC Green Energy has filed its draft initial public offering prospectus in September 2024. The fresh issuance includes an offer for sale of Rs 2,500 crore and shares to the general public amounting Rs 7,500 crore, according to an official statement.

The initial public offering (IPO) is expected to open on November 18th to generate buzz around its massive IPO prospects in India’s renewable energy sector at over $12 billion valuation. The company plans to use Rs 7,500 crore out of the total amount towards repayment and prepayment of outstanding debt and repaying general corporate purposes, as stated in draft Red Herring Prospectus filed with SEBI.

If successful, this is likely to boost the Indian power sector to set new standards while setting a strong pace for investment growth and renewable initiatives.