NTPC Green Energy IPO: Renewable energy firm files draft papers with SEBI to raise ₹10,000 crore via public issue

NTPC Green Energy IPO: Power generation company NTPC's renewable energy arm, NTPC Green Energy, has filed draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹10,000 crore via an initial public offering (IPO).

According to the draft red herring prospectus (DRHP), the proposed IPO is completely a fresh issue of equity shares. There will be no offer-for-sale (OFS) component.

NTPC Green Energy IPO: How will the company use issue proceeds

Of the IPO proceeds, the renewable energy firm will use ₹7,500 crore to repay the debt of its subsidiary NTPC Renewable Energy Ltd (NREL). A part will also be used for general corporate purposes.

NTPC Green Energy, which is a a 'Maharatna' central public sector enterprise, has a renewable energy portfolio, including wind and solar power assets in more than six states.

As of August 2024, the energy firm's operational capacity comprised 3,071 megawatt (MW) from solar projects and 100 MW from wind projects.

India is a major player in the renewable energy sector and is globally ranked fourth in renewable energy capacity, the IPO papers, citing a Crisil report, said.

India's installed capacity jumped to 123 GW in FY21 from 63 GW in FY21. It jumped to 191 GW (including large hydro) in March 2024.