New Delhi: If you had invested in the IPOs of Ola Electric Mobility and Bajaj Housing Finance, then you must have made tremendous profits. But if you missed investing in them, then there is nothing to worry about. Now you are getting a chance to invest in the biggest IPO of the year 2024. This IPO is of NTPC Green Energy Limited, a green energy subsidiary of NTPC, India's largest power generation company.

IPO will be of Rs 10,000 crore

NTPC Green Energy is going to launch its IPO soon. The company has submitted draft papers for this with the stock market regulator SEBI. The company is planning to raise Rs 10,000 crore through this IPO. This entire IPO will be a fresh issue, that is, the company will issue new shares and the promoters will not sell their stake. The face value of NTPC Green Energy shares will be Rs 10 per share and the floor price, cap price, and issue price will be decided on the advice of lead managers. These shares will be listed on NSE and BSE.

IPO will help in repaying the debt

NTPC Green Energy has informed that out of the Rs 10,000 crore raised from the IPO, the company will use Rs 7,500 crore to repay its outstanding debt. The company said that Rs 4,000 crore of debt will be repaid in the financial year 2024-25 and Rs 3,500 crore in 2025-26. The company will use the remaining amount for its general expenses and expansion.

Special opportunity for shareholders and employees

This IPO will have special reservations for the existing shareholders and employees of NTPC. This means that some shares in the IPO will be reserved for the shareholders and employees of NTPC. Apart from this, employees will also be given a discount on the IPO price.

These are the main bankers of the IPO

IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management Limited will be the book running lead managers for this IPO. At the same time, KFin Technology will be the registrar company of this IPO.

Golden opportunity for investors

If you are planning to invest in the energy sector in the future, then this IPO of NTPC Green Energy can be a great opportunity for you.