The offer, priced between Rs 102 and Rs 108 per share, will remain open until Friday, aiming to raise a total of Rs 10,000 crore. NTPC Green Energy Limited (NGEL) is scheduled to list on stock exchanges on November 29.
However. it cautioned that NGEL depends on imported solar panels and other components without long-term contracts, making it vulnerable to supply chain disruptions. Timely execution of its contracted projects will be a challenge for the company that could impact its financial performance.