NTPC Green Energy IPO: Big IPO in November
NTPC Green Energy IPO is set to launch in the first week of November and is one of the biggest public offerings to hit the markets this year 2024.
India's clean energy push is getting an enormous boost with the long-awaited Rs 10,000-crore IPO from NTPC Green Energy, a 100% subsidiary of NTPC. The IPO is set to launch in the first week of November and is one of the biggest public offerings to hit the markets this year 2024. It has a great potential to be among those IPOs that raise a quite loud noise in the stock market. So, let us go deep and understand what makes the offer exciting enough!
What Is Making Such a Hype About NTPC Green Energy's IPO?
NTPC Green Energy's fresh equity issue of Rs 10,000 cr will not have any offer for sale by the existing promoters as part of it. This way, all money raised would support green energy projects. If you're a shareholder in NTPC, the smile is even wider: this one has more to be savored as you stand to gain from a reserved quota of up to 10 percent of the total issue, assuming you hold shares on the red herring prospectus, or RHP, date.
This is not just a fund-raising exercise but part of the overall strategy of NTPC in its plan to achieve 60 GW of renewable energy capacity by FY 32. Till date, NTPC Green Energy has an impressive pipeline of 24 GW that includes solar and green hydrogen, and ammonia are critical components of India's clean energy.
Where Will the Money Go?
Funds raised through this IPO would sustain the ongoing as well as future projects of NTPC Green Energy, particularly in the domains of solar energy, green hydrogen, and green ammonia. This is an industry growing exponentially around the globe. NTPC Green Energy is emerging as one of the frontline leaders for the transition towards renewable energy. Such an enormous investment would mean the company would be a significant contributor to India's ambitious plan for renewable energy.
Global Roadshows to Induce Investors
NTPC Green Energy is not low-keying this IPO. With a view to attracting a good number of investors, the company has planned many roadshows in big financial hubs including Mumbai, London, the US, Singapore, and more. These roadshows are likely to create much excitement among global investors about its potential to add immensely to the global green energy space.
Why Investors Are Watching Closely
Investors haven't been interested in this IPO for a long time. Ahead of schedule, NTPC Green Energy filed its DRHP with SEBI on 18th September, clearing the path for one of 2024's largest initial public offerings (IPOs). The manner in which the issue is poised to be launched coincides with the increased focus being placed on green energy and climate-friendly investments that would have infused optimism around the parent company, NTPC Ltd.
Not just an IPO, NTPC Green Energy's Rs 10,000 crore proposes an ambitious clean energy transition for India. What makes this IPO exciting is its link to ambitious projects in solar energy, green hydrogen, and green ammonia.
Global roadshows are in place while NTPC Ltd is providing a strong hand, this IPO most definitely is going to be on the watch list for November. Whether you are an existing shareholder of NTPC looking to buy under the reserved quota or a new investor looking at all the opportunities that green energy has to offer, NTPC Green Energy IPO is one that's going to make a difference.
Stay updated for more news of NTPC Green Energy's passage to transform the energy scenario in India!
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