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

The initial share sale will be an entirely fresh issue with no offer-for-sale (OFS) component. The company said it will use the IPO proceeds to repay debt and general corporate purposes.

Shares of the PSU stock NTPC rallied 3.5 per cent to its day’s high of Rs 428.70 on BSE after the company’s subsidiary NTPC Green Energy filed draft papers for a Rs 10,000 crore initial public offering (IPO) on Wednesday.