NTPC Green Energy IPO likely next week, eyes $12 billion valuation

You may not have to wait for next year for the NTPC Green Energy (NGEL) IPO after all. The subsidiary of the state-owned NTPC is reportedly seeking a valuation of nearly $12 billion for its upcoming initial public offering (IPO) and it may open for bidding as early as next week. 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.

Also ReadZinka Logistics Solution (BlackBuck) IPO to open on November 13: Details on issue price, allotment date, GMP

The clean energy firm has engaged in discussions with its advisors about pricing the IPO shares at over Rs 100 per share, the report said. The potential fundraising amount could reach up to Rs 10,000 crore (Rs 100 billion) through the share sale, as previously disclosed by the company.

According to Bloomberg report, the IPO is set to open next week on November 18 and close on November 21. However, ongoing deliberations may still result in adjustments to details like valuation, the price range and exact timing.

Focus on renewable energy sector

The NTPC Green Energy IPO follows the recent listing of Waaree Energies, another major player in the renewable energy space. Last month, Waaree Energies successfully raised $514 million, with the offering being oversubscribed more than 70 times. The stake sale attracted significant interest from global investors, including Goldman Sachs, BlackRock, and Morgan Stanley. Waaree’s shares surged 56% in their debut on Dalal Street.

Also ReadNifty to consolidate in 24,000-24,500 range, says Religare Broking

India’s renewable energy revolution has added over 100 gigawatts in the past decade, surpassing earlier expectations, according to the agency report.

 » Read More

Related Articles

March 2025 Tax Alert: Miss these deadlines and you could lose exemptions, face fines

March 31 is the last day of the financial year, which is considered a very important date for taxpayers and investors. If you have not yet made the necessary investments to save tax or some important financial work is pending, then it is very important to settle them this month. Whether it is taking advantage

Loan Against Mutual Funds: How it works & what you should know

Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your

Paytm Money receives SEBI nod to offer research services, shares surge

Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

March 2025 Tax Alert: Miss these deadlines and you could lose exemptions, face fines

March 31 is the last day of the financial year, which is considered a very important date for taxpayers and investors. If you have not yet made the necessary investments to save tax or some important financial work is pending, then it is very important to settle them this month. Whether it is taking advantage

Loan Against Mutual Funds: How it works & what you should know

Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your

Paytm Money receives SEBI nod to offer research services, shares surge

Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this

Heatwave fuels growth for AC Industry- 3 key factors watch now

The heatwave may not be good news for you but the AC industry is rejoicing… It is expected to deliver robust volume-led growth in Q4FY25 on the back of early onset of the summer coupled with aggressive channel stocking.  The Indian Meteorological Department has predicted above-normal number of heatwave days in most parts of the

Bajaj Finserv slips 2%; Bajaj Group buys out 26% Allianz stake in insurance JV

Bajaj Finserv’s share price fell 1.8% to an intra-day low of Rs 1,837. The stock was the major loser in the Nifty 50. The fall in share price came after Bajaj Group signed a share purchase agreement with Allianz SE to buy out its stakes in the joint ventures.  The company will acquire a 26%