<p>Bengaluru: <a href="https://www.deccanherald.com/tags/ntpc">NTPC</a> Green Energy filed draft papers for a Rs 10,040 crore ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables ramp-up plans and a red-hot equities market.</p><p>The company, a unit of power producer NTPC, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed.</p>.With Swiggy, LG India & Hyundai, India’s buzzing IPO market is gearing up for bigger debuts.<p>The IPO market in India is booming. So far this year, about 235 companies have raised more than Rs 71,954 crore ($8.6 billion), which already exceeds the total amount raised in 2023.</p><p>Nifty 50 index has hit record highs more than fifty times this year.</p><p>The filing also comes at a time when power producers are betting big on renewables and making pledges to expand their green energy capacities.</p><p>The Indian government is aiming to add at least 500 GW of clean energy by 2030 to reduce emissions.</p>
<p>Bengaluru: <a href="https://www.deccanherald.com/tags/ntpc">NTPC</a> Green Energy filed draft papers for a Rs 10,040 crore ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables ramp-up plans and a red-hot equities market.</p><p>The company, a unit of power producer NTPC, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed.</p>.With Swiggy, LG India & Hyundai, India’s buzzing IPO market is gearing up for bigger debuts.<p>The IPO market in India is booming. So far this year, about 235 companies have raised more than Rs 71,954 crore ($8.6 billion), which already exceeds the total amount raised in 2023.</p><p>Nifty 50 index has hit record highs more than fifty times this year.</p><p>The filing also comes at a time when power producers are betting big on renewables and making pledges to expand their green energy capacities.</p><p>The Indian government is aiming to add at least 500 GW of clean energy by 2030 to reduce emissions.</p>