Upcoming IPOs This Week: Highly Anticipated NTPC Green Energy IPO and Two SME Offerings

NTPC Green Energy IPO to Hit the Market This Week

NTPC Green Energy, a wholly-owned subsidiary of NTPC Limited, is all set to launch its initial public offering (IPO) this week. The IPO comprises of fresh issue of equity shares aggregating up to 1,500 crore and an offer for sale of 19.92 crore equity shares by the promoter, NTPC Limited. The price band for the IPO has been fixed at 287-299 per share.

The NTPC Green Energy IPO is expected to be one of the biggest IPOs in the Indian renewable energy sector. The company is a leading player in the renewable energy sector with a portfolio of over 17 GW of renewable energy projects, including solar, wind, and hydro projects. The proceeds from the IPO will be used for capital expenditure, debt repayment, and general corporate purposes.

Two SME IPOs to Also Hit the Market

In addition to the NTPC Green Energy IPO, two other SME IPOs are also expected to hit the market this week. These IPOs are from the companies Laxmi Organic Industries and Adani Enterprises.

Laxmi Organic Industries is a leading manufacturer of organic chemicals, specialty chemicals, and pigments. The company has a wide range of products, including dyes, pigments, intermediates, and other specialty chemicals. The proceeds from the IPO will be used for funding capital expenditure, working capital requirements, and general corporate purposes.

Adani Enterprises is the flagship company of the Adani Group. The company has a diversified portfolio of businesses, including energy, logistics, and agribusiness. The proceeds from the IPO will be used for funding capital expenditure, debt repayment, and general corporate purposes.

Conclusion

The upcoming IPOs this week offer investors a chance to participate in the growth of some of India's leading companies. NTPC Green Energy is a leader in the renewable energy sector, while Laxmi Organic Industries and Adani Enterprises are leading players in their respective industries. Investors should carefully consider these IPOs and make informed investment decisions.