NTPC Green Energy set a price band on Wednesday for its initial public offering (IPO), targeting a valuation of as much as $10.8 billion in what is set to be India's third-largest IPO this year, though analysts raised concerns on the "aggressive" pricing.

As part of its renewable energy push, NGEL is developing a green hydrogen hub at Pudimadaka in Andhra Pradesh and intends to commission grid-scale battery storage for round-the-clock power

Before the NTPC Green Energy IPO opens for public subscription, here are the key insights from the company's Red Herring Prospectus (RHP) filed with the Securities and Exchange Board of India (Sebi)

NTPC Green Energy has announced to launch its initial public offering (IPO) on Tuesday, November 19 and the bidding for the issue shall conclude on Friday, November 22.

India’s NTPC Green Energy has set a price band of 102 rupees to 108 rupees per share for its 100 billion rupees ($1.19 billion) initial public offering (IPO), a newspaper advertisement showed on Wednesday.

The business intends to repay debt by investing in its subsidiary, NTPC Renewable Energy, with the money raised from the IPO.

Investors making bids for the NTPC Green Energy IPO can do so for one lot of 138 shares and in multiples of that thereafter.

This is as per a report by Bloomberg citing people familiar with the development. If successful, this IPO could become one of the largest in the renewable energy industry.

NTPC Green Energy IPO is a key step in NTPC’s goal to achieve 60 gigawatts (GW) of renewable energy capacity by FY32.

The grey market premium (GMP) of NTPC Green Energy, the renewable energy arm of state-owned NTPC, has plunged sharply in recent days ahead of the opening of the initial public offering (IPO) early next week.