NTPC shares gain 3% as NTPC Green Energy IPO opens for subscription
Ahead of opening of the IPO, NTPC Green Energy raised ₹3,960 crore from anchor investors at ₹108 apiece.
Ahead of opening of the IPO, NTPC Green Energy raised ₹3,960 crore from anchor investors at ₹108 apiece.
NTPC Green Energy will be the biggest IPO by a PSU since Life Insurance Corporation's ₹21,000-crore share sale in May 2022.
L&T saw 13% year-on-year growth in total orderbook in Q2 FY25 at ₹5.1 lakh crore; international orders comprised 63% of order inflow
The renewable energy arm of NTPC is expected to announce the price band for the IPO on November 13.
The renewable energy arm of NTPC had filed its IPO papers with the SEBI on September 18, 2024.
The board has approved ₹9,790.87 cr for Sipat Super Thermal Power Project and ₹11,130.98 cr for Darlipali Super Thermal Plant.
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.
Dipam reported total receipts of ₹75,886 crore, which includes both disinvestment proceeds and dividend collections.
On Monday, the PSU stock gained 15% to hit a record high of ₹271.20, registering its biggest single-day surge since September 1 last year.
PM Modi laid the foundation of Singrauli Super Thermal Power Project which is being developed in Sonebhadra, Uttar Pradesh with a total investment of ₹17,000 crore.