(Reuters) -India's NTPC Green Energy has set a price band of 102 rupees to 108 rupees per share for its 100 billion rupees ($1.19 billion) IPO, which is set to be the country's third-largest this year, a newspaper advertisement showed on Wednesday.

As part of its renewable energy push, NGEL is developing a green hydrogen hub at Pudimadaka in Andhra Pradesh and intends to commission grid-scale battery storage for round-the-clock power

Investors making bids for the NTPC Green Energy IPO can do so for one lot of 138 shares and in multiples of that thereafter.

NTPC Green Energy set a price band on Wednesday for its initial public offering (IPO), targeting a valuation of as much as $10.8 billion in what is set to be India's third-largest IPO this year, though analysts raised concerns on the "aggressive" pricing.

NTPC Green Energy has announced to launch its initial public offering (IPO) on Tuesday, November 19 and the bidding for the issue shall conclude on Friday, November 22.

About Rs 10,000 crore will come from the IPO, he said, adding that Rs 7,500 crore of the proceeds will go towards repayment of debt.

The company is offering fresh equities to the public worth Rs 10,000 crore totalling approximately 92.59 crore shares.

India’s NTPC Green Energy has set a price band of 102 rupees to 108 rupees per share for its 100 billion rupees ($1.19 billion) initial public offering (IPO), a newspaper advertisement showed on Wednesday.

The ₹10,000-crore IPO of NTPC Green Energy Limited (NGEL) will open up for subscription on November 19, 2024, with a price band of ₹102-108 per share

NTPC Green Energy, a subsidiary of power generating firm NTPC, has announced the dates for its IPO. What Happened: The company filed its red herring prospectus (RHP) with the securities and markets regulator on Wednesday,

The green energy arm of NTPC - NTPC Green Energy – said that its mega Rs 10,000 crore initial public offering will open next week. The Rs 10,000 crore IPO will entirely be a fre