NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited in respect of its proposed initial public offer (IPO) of equity shares, subject to receipt of requisite approvals, market conditions and other considerations.

NGEL is proposing to undertake an IPO of its equity shares of face value of Rs.10/- each (Equity Shares), comprising a fresh issue of Equity Shares aggregating up to Rs. 100,000.00 million.

The IPO includes a reservation for subscription by eligible shareholders of NTPC Limited and eligible employees of NTPC Limited and the subsidiaries of NGEL.