NTPC Green sets price band of Rs 102-108 per share for IPO worth $1.2 bn

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NTPC Green sets price band of Rs 102-108 per share for IPO worth $1.2 bn - Business Standard

Quick Summary:

The renewable energy company's IPO will open for bids on Nov.19 and close on Nov.

The blue-chip Nifty 50 index has fallen 9% from its record high on Sept.27 as marquee companies logged their worst quarter in over four years, in terms of market expectations, and as foreign investors pulled out funds.

India's IPO market is booming, but recent large IPOs -- including from Hyundai Motor India and Swiggy , the two biggest this year -- have had a tepid response from investors amid a slide in the stock market.