NTPC Green Energy IPO price band is set at ₹102 to ₹108 per share. At the upper-end of the price band, the company plans to raise ₹10,000 crore from the book-built issue which is entirely a fresh issue of 92.

NTPC Green Energy, the renewable energy arm of NTPC, raised Rs 3,960 crore from anchor investors ahead of its IPO, which opens for public subscription on November 19. The IPO, with a price band of Rs 102 to Rs 108 per share,

The IPO valuation looks aggressive since the company is approaching the primary market in the initial stage of operations where capital expenditure (capex) is higher to build capacities while the benefit in terms of higher cash flows and profit will flow in subsequent years.

NTPC Green Energy Limited's initial public offering (IPO) raised around ₹3,960 crore from investors in its anchor round, according to the company's exchange filing on Monday.

NTPC Green Energy IPO consists of entirely fresh issue by the company, with no offer-for-sale component. The price band for the offer has been fixed at Rs 102-108 per share.

Market analysts believe that NTPC has commendable growth potential in a growing sector but its high valuation could pose risks for investors investing with a view of short-term gains.