(Reuters) -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 ...

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

The company reported a consolidated revenue Rs 578.44 crore and a profit after tax of Rs 138.61 crore during the three months ended June 2024.

Before the NTPC Green Energy IPO opens for public subscription, here are the key insights from the company's Red Herring Prospectus (RHP) filed with the Securities and Exchange Board of India (Sebi)

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NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 30, 2024, and power generation in Fiscal 2024.

The clean energy subsidiary of state-backed NTPC has held discussions with advisers about pricing its IPO at more than 100 rupees ($1.18) a share, the people said, asking not to be identified because the matter is private.

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,