NTPC Green Energy IPO - AstroIPO

NTPC Green Energy IPO


November 5, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

NTPC Green Energy Ltd. brings a massive ₹10,000 crore IPO to the Indian markets, running from November 19-22, 2024. This large-cap company, valued at ₹91,000 crore, operates in the power generation sector with a focus on clean energy solutions.

The company offers 925,925,926 fresh shares through a book-built issue, priced between ₹102-₹108 per share. The minimum application requires 138 shares, translating to an investment of ₹14,904 at the upper price band. Company employees receive a special price benefit with a ₹5 discount per share.

Each share carries a face value of ₹10, and the IPO will list on both BSE and NSE.

NTPC Green Energy IPO Details

The key details of NTPC Green Energy’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.

IPO Size ₹10,000 Cr
Price Range ₹102 - ₹108
Retail Quota 10%
QIB Quota 75%
NII Quota 15%
Employee Discount ₹5 per share
Listing at NSE and BSE
Minimum Quantity 138
Investment (cut-off price) ₹14,904
Pre IPO Promotor Holding 100.00%
Post IPO Promotor Holding 89.01%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

NTPC Green Energy IPO Timelines

The IPO process for NTPC Green Energy includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.

19/11/2024
Start Date
22/11/2024
End Date
25/11/2024
Allotment Date View Status
26/11/2024
Refund Initiation
26/11/2024
Credit of Shares to Demat Ac
27/11/2024
Listing Date

NTPC Green Energy IPO Lot Size

The NTPC Green Energy IPO has a fixed lot size of 138 shares, at an upper price band of ₹108 per share, requiring ₹14,904 per lot for retail investors. Retail investors can apply for a maximum of 1,794 shares worth ₹193,752. For Small HNI (S-HNI), the minimum application starts at 1,932 shares (₹208,656) up to 9,246 shares (₹998,568), while Big HNI (B-HNI) requires a minimum of 9,384 shares amounting to ₹1,013,472.

Application Lot Size Shares Amount
Retail Minimum 1 138 ₹14,904
Retail Maximum 13 1794 ₹193,752
S-HNI Minimum 14 1932 ₹208,656
S-HNI Maximum 67 9246 ₹998,568
B-HNI Minimum 68 9384 ₹1,013,472

NTPC Green Energy IPO Subscription Status

The subscription status for NTPC Green Energy IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.

QIB NII Retail EMP Total
3.51x 0.86x 3.59x 2.00x 2.55x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹111.50 ₹121.65 ₹122.65 ₹111.50

NTPC Green Energy IPO Company Financials

Year Total Income Total Expense PAT
FY 2023 ₹170.63 ₹118.09 ₹171.23
FY 2024 ₹2,037.66 ₹1,549.46 ₹344.72
FY 2025 (3 M) ₹607.42 ₹423.98 ₹138.61

About Company

NTPC Green Energy Limited, a subsidiary of NTPC Limited, is India’s largest renewable energy public sector enterprise (excluding hydro), with a renewable portfolio including solar and wind projects across six states. As of August 31, 2024, it has an operational capacity of 3,071 MW from solar and 100 MW from wind, reducing location-specific risks. The company secures consistent energy supply through long-term Power Purchase Agreements (PPAs) with central and state agencies, supporting its role in the national energy grid.

With a total renewable portfolio of 14,696 MW, including 2,925 MW of operational projects and 11,771 MW of contracted and awarded projects, NTPC Green Energy is actively expanding its capacity. Currently, it is constructing 31 projects in seven states, backed by NTPC’s support and resources. Emphasizing operational efficiency and advanced technology, NTPC Green Energy is positioned to significantly contribute to India’s clean energy transition.

Incorporation Date Sector Managing Director
2022 Energy Gurdeep Singh Chugh

Know Before Investing

NTPC Green Energy IPO Strengths

  • NTPC Green Energy is backed by the extensive experience of NTPC Limited.
  • The company holds a diverse portfolio of 14,696 MW renewable projects.
  • Strong credit ratings enable NTPC Green Energy to lower capital costs.
  • Experienced management enhances execution capabilities and project success rates.
  • NTPC Green Energy is a market leader in competitive bidding capacities.
  • The company is expanding into green hydrogen and energy storage solutions.

NTPC Green Energy IPO Risks

  • Heavy reliance on a few major customers creates revenue vulnerability.
  • Supply disruptions for solar and wind components can impact operations.
  • Project delays or cost overruns may affect profitability and cash flow.
  • Concentration of projects in Rajasthan increases risk from local disruptions.
  • Regulatory changes in tariffs could negatively impact revenue stability.
  • Competition from traditional and renewable companies challenges market positioning.

Swot Analysis for NTPC Green Energy IPO

Strengths

Strong government backing, Leading renewable energy capacity, Low capital costs

Weaknesses

High customer concentration, Significant debt levels, Regional project risks

Opportunities

Growing renewable energy demand, Ambitious expansion plans, Strategic partnerships

Threats

Intense competition, Supply chain disruptions, Regulatory changes impacting revenue

Company Details

NTPC Green Energy Limited

NTPC Bhawan, Core -7,
SCOPEComplex 7 Institutional Area
Lodi Road, New Delhi,-110003

Phone: +91 11 24362577

Email: [email protected]

Website: https://www.ngel.in/

IPO Registar Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: [email protected]

Website: https://kosmic.kfintech.com/ipostatus/

FAQs

The key objectives of NTPC Green Energy IPO are:

  • Investment in NTPC Renewable Energy Limited (NREL) for repayment or prepayment of certain outstanding borrowings.
  • Funds will also be allocated for general corporate purposes.

Idbi Capital Market Services Limited, Hdfc Bank Limited , Iifl Securities Ltd ,Nuvama Wealth Management Limited are the book-running lead managers for the NTPC Green Energy IPO.

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