NTPC Green Energy fixes dates, price band for ₹10,000 crore IPO — More details here

NTPC Green Energy Ltd., NTPC Ltd.'s green energy arm, has set the price range for its upcoming initial public offering (IPO), aiming to raise ₹10,000 crore.

The price band is fixed between ₹102 and ₹108 per share, with the IPO scheduled to open on November 19 and close on November 22.

Investors can bid in lots of 138 shares or in multiples thereof. The IPO will consist entirely of fresh equity shares, with no Offer For Sale (OFS) component.

This IPO ranks as the third largest of the year, following Hyundai Motor India's ₹27,870 crore issue and Swiggy's ₹11,300 crore offering.

The allocation structure reserves approximately 75% of the issue for institutional investors, 15% for non-institutional investors, and 10% for retail investors. Eligible employees can bid for shares with a ₹5 per share discount, with ₹200 crore worth of shares allocated under the employee quota.

Additionally, shares worth ₹1,000 crore will be set aside for existing NTPC shareholders under the shareholder reservation.

As a subsidiary of NTPC, a Maharatna PSU, NTPC Green Energy Ltd. focuses on developing large-scale renewable energy projects. However, the company has highlighted several risks in its Red Herring Prospectus, including off-taker concentration risk, supplier concentration risk, and project execution risks.