IPO Filing
Harinder Kumar Sahu
Founder of KingResearch Academy. Experienced Stock Market Trainer, Strategy Maker, and Investor. Passionate about empowering individuals with knowledge and skills to succeed in the financial markets.
🔓NTPC Green Energy, a subsidiary of the state-owned National Thermal Power Corporation (NTPC), has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
💸The IPO is expected to raise a significant amount of capital, with a proposed size of ₹10,000 crore. The proceeds from the IPO will be utilized to fund the company's growth plans and expansion of its renewable energy projects.
🤝NTPC Green Energy is a leading player in the renewable energy sector in India, with a focus on solar and wind power generation. The company's IPO is expected to generate significant interest from both domestic and international investors, given its strong track record and the growing demand for renewable energy in India.
🎯Key details of the IPO:
👉IPO Size: ₹10,000 crore
👉Listing: Expected on major Indian stock exchanges
👉Proceeds: To be used for funding growth plans and expansion of renewable energy projects
The IPO is expected to be one of the largest in India's renewable energy sector, underscoring the growing importance of clean energy in the country's energy mix.