NTPC Green Energy Ltd, a subsidiary of state-run NTPC, is planning to raise ₹10,000 crore through an IPO, which will be a fully fresh issue.
NTPC shares surged by 4.35% to a record ₹431.85 following this announcement. If you hold NTPC shares, you can bid up to ₹4 lakh in the IPO under the shareholder category, doubling the usual limit. Employees of NTPC Green Energy can bid up to ₹6 lakh across various categories. To be eligible, you must own NTPC shares before the IPO filing.