(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 ...

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

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.

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)

The company is offering fresh equities to the public worth Rs 10,000 crore totalling approximately 92.59 crore shares.

About Rs 10,000 crore will come from the IPO, he said, adding that Rs 7,500 crore of the proceeds will go towards repayment of debt.

NTPC Green Energy has announced to launch its initial public offering (IPO) on Tuesday, November 19 and the bidding for the issue shall conclude on Friday, November 22.

The company didn't offer more than 10% of the issue to retail investors. The NIIs can place their bids for 15% of the issue.

NTPC Green’s renewable energy capacity, including NTPC and NTPC Renewable Energy, stands at 3.34 GW of solar and 0.21 GW of wind. While 8.13 GW is under construction, the company has a pipeline of 10.57 GW of renewable capacity.

NTPC Green Energy Ltd. is considering seeking a valuation of about $12 billion in what could be one of India’s biggest initial public offerings in the renewable energy industry, according to people familiar with the matter.