NTPC Green Energy Eyes $12 Billion Valuation in Upcoming IPO
The wait for NTPC Green Energy Ltd. (NGEL)’s IPO may soon be over, as reports suggest that the state-run NTPC’s clean energy arm could launch its highly anticipated initial public offering (IPO) as early as next week. According to a Bloomberg report citing sources familiar with the plans, NGEL is seeking a valuation close to $12 billion for the offering, which could potentially make it one of the largest IPOs in the renewable energy sector.
The company is reportedly in discussions with advisors regarding an IPO price of over Rs 100 per share. With an expected fundraising target of up to Rs 10,000 crore (or Rs 100 billion), the IPO could generate considerable interest among investors. If finalized, the offering would be open for bidding from November 18 to November 21, though details on the valuation, pricing range, and exact timing remain subject to final adjustments.
Spotlight on Renewable Energy Growth
The NTPC Green Energy IPO follows the recent public listing of Waaree Energies, a prominent renewable energy company. Last month, Waaree’s IPO raised $514 million, drawing substantial global investor interest, including from firms like Goldman Sachs, BlackRock, and Morgan Stanley. The offering was oversubscribed more than 70 times, and Waaree’s shares saw a notable 56% increase upon their market debut.
India’s commitment to renewable energy has surged, adding over 100 gigawatts in capacity over the past decade, surpassing initial projections. This shift reflects the nation’s broader push toward sustainable energy solutions, with NGEL’s IPO positioned to further boost momentum in the sector.
