By bno - Mumbai Office NTPC Green Energy Limited (NGEL), a subsidiary of India’s state-owned power company NTPC Limited, has submitted a draft red herring prospectus (DRHP) for its planned INR100bn ($1.

The surge in the NTPC share price came after the company filed Initial Public Offering (IPO) papers for its green energy arm, NTPC Green Energy Limited (NGEL).

NTPC's renewable energy arm files for ₹10,000 crore IPO, stock hits all-time high, proceeds to repay subsidiary loans.

NTPC Green Energy has filed DRHP with the SEBI to raise ₹10,000 crore via IPO, which is touted to be India’s largest in 2024.

As investors await further details, here is a comprehensive analysis of the strengths, weaknesses, opportunities, and threats of the NTPC Green Energy, as described in the DRHP papers: ntpc green ener

NTPC Green Energy, the renewable energy arm of the firm, filed preliminary papers with capital markets regulator Sebi to raise Rs 10,000 crore through an Initial Public Offering (IPO).

NTPC shares soared to an all-time high of Rs 424 on BSE following NTPC Green Energy's filing for a Rs 10,000 crore IPO. The raised funds will be used to repay loans and support business purposes. The IPO includes only fresh equity shares without any Offer For Sale component.

The NTPC Green Energy IPO is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP).

The company will only issue new shares and existing shareholders will not sell any stake, according to the draft papers.