India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables expansion plans and a red-hot equities market.

NTPC Green Energy Ltd (NGEL), the renewable energy arm of state-run power giant NTPC Ltd, has filed its draft red herring prospectus (DRHP) for an initial public offering (IPO) aimed at raising Rs 10,

The NTPC Green Energy IPO will consist entirely of new shares, with no existing shareholders selling their stake.

NTPC Green Energy, the renewable energy arm of India’s National Thermal Power Corporation (NTPC), has filed for an initial public offering (IPO) with the Securities and Exchange Board of India to raise $1.

The initial share sale will be an entirely fresh issue with no offer-for-sale (OFS) component. The company said it will use the IPO proceeds to repay debt and general corporate purposes.

As investors await further details, here is a comprehensive analysis of the strengths, weaknesses, opportunities, and threats of the NTPC Green Energy, as described in the DRHP papers: ntpc green ener