NTPC Green Energy IPO Overview

The NTPC Green Energy IPO, valued at ₹10,000 crore, is a major book-built issue consisting entirely of fresh 92.59 crore shares. The subscription window opens on November 19, 2024, and closes on November 22, 2024.

Investors can expect the allotment to be finalized on November 25, 2024, with shares scheduled to list on the BSE and NSE on November 27, 2024.

The IPO’s price band ranges between ₹102 and ₹108 per share, with a minimum lot size of 138 shares, requiring retail investors to invest at least ₹14,904. For sNII investors, the minimum investment is 14 lots (1,932 shares), totaling ₹208,656, while bNII investors need a minimum of 68 lots (9,384 shares), amounting to ₹1,013,472.

IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the lead managers for this IPO, with KFin Technologies handling registrar responsibilities. For in-depth details, consult the NTPC Green Energy IPO RHP.

NTPC Green Energy IPO Important dates

NTPC Green Energy IPO opens on November 19, 2024, and closes on November 22, 2024.

IPO Open Date Tuesday, November 19, 2024
IPO Close Date Friday, November 22, 2024
Basis of Allotment Monday, November 25, 2024
Initiation of Refunds Tuesday, November 26, 2024
Credit of Shares to Demat Tuesday, November 26, 2024
Listing Date Wednesday, November 27, 2024
Cut-off time for UPI mandate confirmation 5 PM on November 22, 2024

NTPC Green Energy Financial Performance

NTPC Green Energy Limited’s revenue increased by 1094.19% and profit after tax (PAT) rose by 101.32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023
Assets 32,408.30 27,206.42 18,431.40
Revenue 1,132.74 2,037.66 170.63
Profit After Tax 175.30 344.72 171.23
Net Worth 8,189.18 6,232.14
Reserves and Surplus 596.08 512.60 167.88
Total Borrowing 17,057.50 12,796.74

NTPC Green Energy Key Performance Indicator

The market capitalization of NTPC Green Energy IPO is Rs 91000 Cr.

KPI as of September 30, 2024.

KPI Values
ROE 7.39%
Debt/Equity 1.91
RoNW 2.14%
P/BV 9.89
PAT Margin (%) 16.2
Pre IPO Post IPO
EPS (Rs)  0.46 0.42
P/E (x)  234.97 259.56

NTPC Green Energy IPO Objectives

  • Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL
  • General corporate purpose.

NTPC Green Energy IPO Lot Size

Investors can bid for a minimum of 138 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 138 ₹14,904
Retail (Max) 13 1794 ₹193,752
S-HNI (Min) 14 1,932 ₹208,656
S-HNI (Max) 67 9,246 ₹998,568
B-HNI (Min) 68 9,384 ₹1,013,472

NTPC Green Energy IPO Details

IPO Date November 19, 2024 to November 22, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹102 to ₹108 per share
Lot Size 138 Shares
Total Issue Size 925,925,926 shares
(aggregating up to ₹10,000.00 Cr)
Fresh Issue 925,925,926 shares
(aggregating up to ₹10,000.00 Cr)
Employee Discount Rs 5 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 7,500,000,000
Share holding post issue 8,425,925,926

NTPC Green Energy Company Overview and Services

NTPC Green Energy Limited, incorporated in April 2022 as a wholly-owned subsidiary of NTPC Limited, is dedicated to renewable energy projects developed both organically and inorganically.

By August 31, 2024, NTPC Green achieved an impressive operational capacity of 3,071 MW from solar and 100 MW from wind energy across six states.

As of June 30, 2024, the company’s total portfolio reached 14,696 MW, comprising 2,925 MW of operating projects and 11,771 MW in contracted and awarded projects.

NTPC Green serves 15 off-takers across 37 solar and 9 wind projects and is currently building 31 renewable energy projects in seven states, amounting to 11,771 MW.

NTPC Green Energy IPO SWOT Analysis

Strengths

  • Established Parent Company: NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited, India’s largest power producer, lending it brand strength, credibility, and resources.
  • Strong Operational Capacity: With an operational portfolio of 3,071 MW in solar and 100 MW in wind as of August 2024, NTPC Green has a significant renewable energy base across multiple states, supporting long-term growth and revenue.
  • Diverse Project Portfolio: The company has a large total portfolio of 14,696 MW, including 2,925 MW in operation and 11,771 MW in awarded or contracted projects, ensuring a steady pipeline of projects for future scalability.
  • Experienced Off-Takers: NTPC Green collaborates with 15 off-takers across 37 solar and 9 wind projects, ensuring diversified revenue channels and minimizing dependency on a single client.

Weaknesses

  • Dependence on Solar Energy: The majority of NTPC Green’s capacity is in solar (3,071 MW) compared to a smaller wind capacity (100 MW), which may create a lack of diversification in renewable sources.
  • New Market Player: Incorporated only in April 2022, NTPC Green Energy is relatively young, which may pose a challenge in building a strong market presence against established renewable energy players.

Opportunities

  • Expanding Renewable Energy Demand: The push for clean energy in India is accelerating, driven by government policies and increased corporate responsibility, creating a favorable environment for NTPC Green’s expansion.
  • Strong Pipeline for Growth: With 11,771 MW of contracted and awarded projects and ongoing construction of 31 projects across seven states, NTPC Green is positioned for substantial future growth.
  • Inorganic Growth Potential: The company’s focus on both organic and inorganic growth routes allows it to acquire or partner with other firms, enhancing capacity and capabilities swiftly.

Threats

  • Regulatory Risks: Renewable energy companies are subject to changing government policies, tariffs, and incentives, which could impact profitability.
  • Market Competition: The renewable energy market is competitive, with numerous players vying for limited projects, possibly affecting NTPC Green’s ability to secure future projects.
  • Project Delays: Any delays in constructing the large pipeline of projects could lead to higher costs and impact projected revenues, potentially affecting the IPO’s appeal to investors.

 

NTPC Green Energy IPO GMP Details

NTPC Green Energy IPO last GMP is ₹3, last updated Nov 13th 2024. With the price band of 108.00, NTPC Green Energy IPO’s estimated listing price is ₹111 (cap price + today’s GMP).The expected percentage gain/loss per share is 2.78%.

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
13-11-2024 108.00 ₹3  300/4200 ₹111 (2.78%) 13-Nov-2024
12-11-2024 NA ₹9  — ₹9 (%) 12-Nov-2024
11-11-2024 NA ₹9  — ₹9 (%) 11-Nov-2024
10-11-2024 NA ₹16  — ₹16 (%) 10-Nov-2024
09-11-2024 NA ₹25   — ₹25 (%) 9-Nov-2024

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Want to Raise money for your company through SME IPO? Read More

NTPC Green Energy IPO subscription status 

Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

NTPC Green Energy IPO Allotment status 

The allotment status of NTPC Green Energy IPO is expected to be available on November 25, 2024.

NTPC Green Energy IPO allotment status is not available at this time. NTPC Green Energy IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for NTPC Green Energy Limited IPO allotment status.

To check NTPC Green Energy IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to ntpcgreen.ipo@kfintech.com.

NTPC Green Energy Contact Details

NTPC Green Energy Limited
NTPC Bhawan, Core -7,
SCOPEComplex 7 Institutional Area
Lodi Road, New Delhi,-110003
Phone: +91 11 24362577
Email: ngel@ntpc.co.in
Website: https://www.ngel.in/

NTPC Green Energy IPO Lead Manager

  1. Idbi Capital Market Services Limited
  2. Hdfc Bank Limited
  3. Iifl Securities Ltd
  4. Nuvama Wealth Management Limited

NTPC Green Energy IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ntpcgreen.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

 

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.