NTPC Green Energy IPO Overview
The NTPC Green Energy IPO is a book-built issue with a total size of ₹10,000 crores. The issue consists entirely of a fresh issue of 92.59 crore shares.
- IPO Subscription Dates: The NTPC Green Energy IPO will open for subscription on November 19, 2024, and close on November 22, 2024. The allotment is expected to be finalized on November 25, 2024 (Monday).
- Listing Details: The IPO will list on BSE and NSE, with a tentative listing date scheduled for November 27, 2024 (Wednesday).
- Price Band: The price band for the IPO is set between ₹102 and ₹108 per share.
- Lot Size and Investment Amounts:
- The minimum lot size for retail investors is 138 shares, requiring a minimum investment of ₹14,904.
- For sNII (small Non-Institutional Investors), the minimum investment is for 14 lots (1,932 shares), totaling ₹208,656.
- For bNII (big Non-Institutional Investors), the minimum investment is for 68 lots (9,384 shares), amounting to ₹1,013,472.
- Lead Managers and Registrar:
The book-running lead managers for the NTPC Green Energy IPO are:
- IDBI Capital Market Services Limited
- HDFC Bank Limited
- IIFL Securities Ltd
- Nuvama Wealth Management Limited
For more detailed information, please refer to the NTPC Green Energy IPO Red Herring Prospectus (RHP).
NTPC Green Energy IPO Information
| Details | Information |
|---|---|
| IPO Date | November 19, 2024 to November 22, 2024 |
| Listing Date | Wednesday, November 27, 2024 |
| 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 | ₹5 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 7,500,000,000 |
| Shareholding Post-Issue | 8,425,925,926 |
NTPC Green Energy IPO Schedule (Tentative Dates)
The NTPC Green Energy IPO will open for subscription on November 19, 2024, and close 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 IPO Lot Size
Investors can place bids for a minimum of 138 shares, and in multiples of 138 shares thereafter. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and investment amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 138 | ₹14,904 |
| Retail (Max) | 13 | 1,794 | ₹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 Promoter Holding
The promoters of the company are the President of India, acting through the Ministry of Power, Government of India, and NTPC Limited.
| Share Holding Pre-Issue | 100% |
| Share Holding Post-Issue |
About NTPC Green Energy Limited
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited. The company focuses on renewable energy and undertakes projects through both organic and inorganic growth routes.
As of August 31, 2024, NTPC Green Energy has an operational capacity of:
- 3,071 MW from solar projects
- 100 MW from wind projects
across six states.
As of June 30, 2024, the company's portfolio consisted of:
- 14,696 MW total capacity
- 2,925 MW from operating projects
- 11,771 MW from contracted and awarded projects
As of June 30, 2024, the company had 15 off-takers across:
- 37 solar projects
- 9 wind projects
The company is also actively constructing 31 renewable energy projects in 7 states, totaling 11,771 MW.
Competitive Strengths
- Promoted by NTPC Limited, leveraging its extensive experience in large-scale project execution, strong relationships with off-takers and suppliers, and significant financial strength.
- As of June 2024, the company has a portfolio of 14,696 MW of solar and wind projects.
- Experienced team in renewable energy project execution.
- As of June 30, 2024, the workforce comprised 234 employees, and the company utilized the services of 45 contract labourers.
NTPC Green Energy Limited Financial Overview (Restated)
NTPC Green Energy Limited's revenue surged by 1,094.19%, and its profit after tax (PAT) grew by 101.32% for the financial year ending March 31, 2024, compared to the previous year ending 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 | ||
| Amount in ₹ Crore | ||||
Key Performance Indicator
As of September 30, 2024, the market capitalization of NTPC Green Energy' IPO stands at ₹91000 crore.
| 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 |
Note:
- The Pre-IPO EPS is calculated based on the pre-issue shareholding as of the date of the RHP and the latest FY earnings as of March 31, 2024, as available in the RHP.
- The Post-IPO EPS is calculated based on the post-issue shareholding and annualized FY earnings as of September 30, 2024, as available in the RHP.
Objects of the Issue (NTPC Green Energy IPO Objectives)
The company intends to utilize the net proceeds for the following purposes:
- Investment in its wholly-owned subsidiary, NTPC Renewable Energy Limited (NREL), to repay or prepay, either partially or in full, certain outstanding borrowings incurred by NREL.
- General corporate purposes.
NTPC Green Energy IPO Prospectus
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 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ntpcgreen.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
NTPC Green Energy IPO Lead Manager(s)
- Idbi Capital Market Services Limited
- Hdfc Bank Limited
- Iifl Securities Ltd
- Nuvama Wealth Management Limited
NTPC Green Energy IPO Subscription Information
Subscription data will be available once the IPO is open for subscription.
C2C Advanced Systems SME IPO GMP (Grey Market Premium)
The last Grey Market Premium (GMP) for the NTPC Green Energy IPO is ₹1, as of the latest update on November 18, 2024, at 11:29 AM. With the price band set at ₹108, the estimated listing price for the NTPC Green Energy IPO is ₹109 (cap price + today's GMP). The expected percentage gain or loss per share is approximately 0.93%.
- NTPC Green Energy IPO Retail Subject to Sauda: ₹100
- NTPC Green Energy IPO Small HNI Subject to Sauda: ₹1,400
We update the GMP daily, and based on the grey market activities over the last 15 sessions, the current GMP of ₹1 indicates a slight downward trend. The lowest recorded GMP is ₹0, while the highest has been ₹25. Stay tuned for daily updates on the price trend and expected listing price of the NTPC Green Energy IPO.
Please note: The GMP figures provided here are based on grey market activities. We do not engage in or endorse grey market trading or subject-to rates (sub2), and we do not recommend trading in the grey market.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 18-11-2024 | 108.00 | ₹1 | 100/1400 | ₹109 (0.93%) | 18-Nov-2024 11:24 |
| 17-11-2024 | 108.00 | ₹1 | 100/1400 | ₹109 (0.93%) | 17-Nov-2024 22:21 |
| 16-11-2024 | 108.00 | ₹1 | 100/1400 | ₹109 (0.93%) | 16-Nov-2024 22:22 |
| 15-11-2024 | 108.00 | ₹1.40 | 100/1400 | ₹109.4 (1.3%) | 15-Nov-2024 22:22 |
| 14-11-2024 | 108.00 | ₹2.50 | 300/4200 | ₹110.5 (2.31%) | 14-Nov-2024 22:28 |
| 13-11-2024 | 108.00 | ₹3 | 300/4200 | ₹111 (2.78%) | 13-Nov-2024 22:35 |
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