NTPC Green Energy IPO: There won’t be any offer-for-sale (OFS) elements to this first share offering, which will be a completely new issue. The business stated that it will utilize the money from the IPO to pay down debt and for general business needs.
NTPC Green Energy Ltd., the green energy division of the state-run NTPC, has submitted its draft red herring prospectus (DRHP) for an initial public offering (IPO) in an effort to earn Rs 10,000 crore. The first offering of shares for sale will be a completely new issue without any offer-for-sale (OFS) elements. The business stated that it will utilize the money from the IPO to pay down debt and for other corporate reasons.
When the issue is up for bid, a retail investor who has shares in NTPC Ltd. will stand to gain more. Likewise, it will confer greater advantages to the staff of NTPC Green Energy. In short, the maximum amount that ordinary investors can invest in an IPO is Rs 2 lakhs. The maximum amount is increased to Rs 4 lakh crore if you bid under the shareholder category and you own an NTPC share. Workers of NTPC Green Energy who own stock in its parent company may benefit more. They may submit offers totaling Rs 6 lakh crore under the shareholder, eligible employee, and retail categories.