The proposed raise of Rs 10,000 crore will help fund the equity component of Rs 12,700 crore for a balance capex of Rs 63,500 crore for 11.7 GW of contracted and awarded projects.

Kotak said that NTPC Green Energy's proposed equity raise of ₹10,000 crore will likely suffice for the equity contribution for 11.7 GW of the incremental capacity addition.

NTPC Green Energy, the renewable energy arm of the state-owned National Thermal Power Corporation (NTPC), is gearing up to launch its highly anticipated initial public offering (IPO) worth Rs 10,000 crore.

Tata Power and Renew Power had cash return on gross capital invested (CRoGCI) of 10.8 per cent each, while Adani Green had a CRoGCI of 14.7 per cent in FY2024.

NTPC Green Energy, the renewable arm of NTPC, is set to launch its initial public offering (IPO) in the first week of November 2024. The company is organizing roadshows across various locations, including Mumbai, London, the US, Singapore, and other regions to attract potential investors.

Ahead of NTPC Green Energy IPO, brokerage StoxBox has added NTPC stock to its technical pick for October 2024. According to the brokerage, NTPCs focus on renewable energy and low-cost debt further enhances its investment appeal.

The domestic brokerage values the RE business at Rs 88,000 crore but believes the upside for NTPC could largely be priced in. It believes the holding company discount after the NTPC Green Energy listing is hard to predict and investors may prefer investing in NTPC Green Energy over NTPC for RE exposure.

NTPC Green Energy has urged the market regulator, the Securities and Exchange Board of India (Sebi), to expedite the approval for its Rs 10,000-crore initial public offering (IPO), said people in the know.

However, those who did not receive allocations in these two IPOs will soon have another chance to invest in one of the most exciting IPOs of 2024, which could launch during this festive season. We are talking about NTPC Green Energy Limited,

NTPC Green Energy has the third-largest contracted capacity of 15GW, after Adani Green (27GW) and Renew Power (16GW). Its portfolio consists primarily of utility-scale projects.

India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables expansion plans and a red-hot equities market.