NTPC Green Energy Ltd. is gearing up for a significant initial public offering (IPO) in India to raise Rs 10,000 crore through the issuance of approximately 92.6 crore shares. This IPO is expected to make waves as one of the largest in India for the year. With the IPO priced between Rs 102 and Rs 108 per share, the company aims to achieve a market capitalization of Rs 91,000 crore at the upper range. The primary focus of the IPO proceeds will be on debt reduction, with 75% of the raised capital directed towards this purpose. NGEL, a subsidiary of NTPC Ltd., has aggressive growth plans that include diversifying its portfolio to encompass battery storage systems, hybrid energy projects, and the establishment of a green hydrogen hub in Andhra Pradesh. The company currently manages a significant renewable energy portfolio of 25.67 GW, with plans for substantial capacity additions in the coming years. Despite the strong financial performance in the current fiscal year, operational risks loom, including revenue dependency on top clients and project concentration in Rajasthan. Investors are advised to carefully evaluate the growth potential and risks associated with NTPC Green Energy before making investment decisions.