NTPC Green Energy, the renewable energy arm of NTPC, has raised ₹3,960 crore from anchor investors ahead of its ₹10,000 crore IPO, which opens for public subscription from November 19 to 22. The IPO proceeds will primarily be used to clear loans and fund corporate purposes.

BulletsIn

• Anchor investors include New World Fund Inc, Goldman Sachs, Government of Singapore, LIC, and ICICI Prudential MF.
• 36.66 crore equity shares allotted to 107 funds at ₹108 each, the upper end of the price band.
• ₹10,000 crore IPO is entirely a fresh issue, with no offer-for-sale component.
• Price band for the IPO is ₹102 to ₹108 per share.
• ₹7,500 crore from proceeds will repay loans of NTPC Renewable Energy Ltd (NREL).
• NTPC Green Energy has a renewable energy portfolio of solar and wind power projects across six states.
• Current operational capacity is 3,071 MW (solar) and 100 MW (wind).
• NTPC aims to reach 60 GW renewable capacity by 2032; currently, 3.5 GW installed, 28 GW in progress.
• India ranks 4th globally in renewable energy capacity, with 191 GW installed as of March 2024.
• Book running lead managers include IDBI Capital Markets, HDFC Bank, and IIFL Securities.