NTPC Green Energy Ltd., a subsidiary of India's state-run NTPC, has filed for an initial public offering (IPO) to raise up to Rs 10,000 crore ($1.19 billion). The IPO will consist entirely of new shares, with no existing shareholders selling any stakes. The proceeds will be used to invest in the company's subsidiaries and repay loans. This move comes amid a booming IPO market in India, which has seen over 235 companies raise more than $8.6 billion this year, driven by strong local and foreign investor demand. NTPC Green Energy operates solar and wind-power assets across more than six states, and this IPO aims to leverage India's aggressive renewable energy expansion plans, including a government target of 500 GW of clean energy by 2030.