The renewable energy unit of state-owned NTPC will launch its IPO for bids from November 19 to November 22, with large "anchor" investors having the opportunity to bid a day earlier, on November 18. This IPO is set to be the third-largest stock offering in India this year,

NTPC Green Energy Limited has set its IPO price band between ₹102 and ₹108 per share. Subscription opens on November 19 and closes on November 22, with anchor investor allocations on November 18.

This is as per a report by Bloomberg citing people familiar with the development. If successful, this IPO could become one of the largest in the renewable energy industry.

NTPC Green Energy will be the biggest IPO by a PSU since Life Insurance Corporation's ₹21,000-crore share sale in May 2022.

NTPC Green Energy IPO is a key step in NTPC’s goal to achieve 60 gigawatts (GW) of renewable energy capacity by FY32.

NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 30, 2024, and power generation in Fiscal 2024.

The grey market premium (GMP) of NTPC Green Energy, the renewable energy arm of state-owned NTPC, has plunged sharply in recent days ahead of the opening of the initial public offering (IPO) early next week.

NTPC Green Energy Limited, a subsidiary of state-owned NTPC Limited, is planning to launch an initial public offering (IPO) and aims for a valuation of around $12 billion, according to a report by Bloomberg on November 12.