The highly anticipated Initial Public Offering (IPO) of NTPC Green Energy Ltd (NGEL) is opening on November 19, with analysts recommending investors to subscribe at the cut-off price for long-term gains. While the company shows potential for robust growth, there are also risks to consider, such as its dependence on imported components without long-term contracts and its concentration of projects in Rajasthan. With NTPC Ltd's ambitious plans to increase its renewable energy capacity, NGEL's geographically diversified operations make it a key player in achieving this goal.
NTPC Green Energy, a subsidiary of NTPC Ltd., will launch its IPO on November 19 with a price band of Rs 102-108 per share. The company will also have a shareholders category, allowing current NTPC shareholders to participate. Analysts are optimistic about the IPO, citing the company's operational capacity, contracted projects, and future development plans. With NTPC targeting 60GW of RE capacity by FY32, investors are advised to buy NTPC shares to increase their chances of IPO allotment.