NTPC Green Energy targets $12B in one of India’s largest IPO

NTPC Green Energy Limited is eyeing a $12 billion valuation for its upcoming IPO, potentially becoming one of the largest in the renewable energy sector.

NTPC Green Energy targets $12B in one of India’s largest IPO

The subsidiary of state-owned NTPC Ltd. is in talks to price its IPO at over ₹100 per share, with plans to raise up to ₹10,000 crore. The IPO is expected to open on November 18 and close on November 21. Details such as valuation, price range, and timing may still change.

Following Waaree Energies' big listing

The IPO follows the success of Waaree Energies’ listing, which raised $514 million, and highlights growing investor interest in India’s renewable energy sector, which has added over 100 gigawatts in the past decade.