This initial IPO will not have an offering component (OFS), which would be a completely new issue. The business said it will use the IPO proceeds to pay down debt and for general business needs.
In a bid to raise Rs 10,000 crore, NTPC Green Energy Ltd, its green energy arm, has filed a draft red herring prospectus (DRHP) for an initial public offering of shares. Initial Public Offering (IPO) The new non-offering component (OFS) will be an initial public offering (IPO). The company announced that it would use the proceeds from the IPO to repay debt and for other corporate purposes.
Retail investors holding shares in NTPC Ltd will get more when the issue is up for auction. NTPC will also get additional benefits from Green Energy employees. The allowable amount per IPO is Rs 2 lakh.
If you bid under the shareholder category and you own NTPC shares, the maximum amount increases to Rs 400 billion. Employees of NTPC Green Energy who hold shares in the parent company will get more benefits. They can bid up to Rs 600 billion for eligible retail, shareholder and employee categories.