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20 Nov 2024
NTPC Green Energy Limited IPO, GMP, Details, Price, And Review
NTPC Green Energy Limited, established in April 2022, is a wholly-owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise. As of June 30, 2024, NTPC Green is the largest public sector company in India in terms of renewable energy capacity (excluding hydro) and power generation in Fiscal 2024. The company specializes in developing renewable energy projects through both organic and inorganic methods. Its diverse portfolio includes 179 renewable energy projects, primarily focused on solar and wind power, spread across more than six states. This geographic diversification helps reduce risks associated with location-specific generation variability.
NTPC Green Energy is committed to expanding its portfolio of large-scale renewable energy projects, aimed at serving public sector undertakings (PSUs) and Indian corporations. For its operational projects, the company has secured long-term Power Purchase Agreements (PPAs) or Letters of Award (LoAs) with key off-takers, including central government agencies like the Solar Energy Corporation of India (SECI), as well as state government bodies and public utilities.
NTPC Green Energy IPO Overview:
- ● Issue Size: ₹10,000 crore (entirely fresh issue of 92.59 crore shares)
- ● IPO Date: November 19, 2024
- ● IPO Closing Date: November 22, 2024
- ● Price Band: ₹102 to ₹108 per share
- ● Minimum Lot Size: 138 shares (minimum application)
- ● Issue Type: Fresh issue of 92.59 crore shares
- ● Lead Managers:
- ○ IDBI Capital Market Services Limited
- ○ HDFC Bank Limited
- ○ IIFL Securities Ltd
- ○ Nuvama Wealth Management Limited
- ● Registrar: Kfin Technologies Limited will act as the registrar for the issue.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
NTPC Green Energy Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 16-Nov-2024 | 108 | 1.40 (1.30%) | 16-Nov 9:28 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
NTPC Green Energy IPO Overview
| Detail | Description |
|---|---|
| IPO Date | November 19, 2024 to November 22, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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) |
| 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 Timeline
| Detail | Description |
|---|---|
| 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
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10.00% of Net Issue |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
NTPC Green Energy IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Competitive Strength:
- ● Promoted by NTPC Limited, with its extensive experience in large-scale project execution, maintains strong relationships with offtakers and suppliers and showcases significant financial strength.
- ● As of June 2024, the company has a Portfolio of 14,696 MWs solar and wind projects.
- ● Experienced team in renewable energy project execution.
NTPC Green Energy Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 32,408.30 | 27,206.42 | 18,431.4 | 14,884.820 | ||||||||||||||||||||||||||||||||||||
| Revenue | 1,132.74 | 2,037.66 | 170.63 | 918.2 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 175.30 | 344.72 | 171.23 | 94.74 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 8,189.18 | 6,232.14 | 4,887.43 | 1,951.52 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 596.08 | 512.60 | 167.88 | 1,951.52 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 17,057.50 | 12,796.74 | 5,417.84 | 8,621.18 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of NTPC Green Energy IPO
The company proposes to utilize the Net Proceeds towards funding the following objectives:
FAQs for NTPC Green Energy IPO
-
What is the NTPC Green Energy IPO?
NTPC Green Energy IPO is a main-board IPO. The company is going to raise ₹10,000 Crores via IPO. The issue is priced at ₹102 to ₹108 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the NTPC Green Energy IPO open for subscription?
The IPO is to open on November 19 for QIB, NII, and Retail Investors. The IPO will close on November 22.
-
What is NTPC Green Energy IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is NTPC Green Energy IPO Issue Size?
NTPC Green Energy IPO issue size is ₹10,000 crores.
-
What is NTPC Green Energy IPO Price Band?
NTPC Green Energy IPO Price Band is ₹102 to ₹108.
-
What is NTPC Green Energy IPO Lot Size?
The minimum bid is 138 Shares with ₹14,904.
-
What is the NTPC Green Energy IPO Allotment Date?
NTPC Green Energy IPO allotment date is November 25.
-
What is the NTPC Green Energy IPO Listing Date?
NTPC Green Energy IPO listing date is November 27. The IPO is to be listed on BSE & NSE.
DRHP:
DRHP of NTPC Green Energy Limited IPO
RHP:
RHP of NTPC Green Energy Limited IPO
-
What is the NTPC Green Energy IPO?
NTPC Green Energy IPO is a main-board IPO. The company is going to raise ₹10,000 Crores via IPO. The issue is priced at ₹102 to ₹108 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the NTPC Green Energy IPO open for subscription?
The IPO is to open on November 19 for QIB, NII, and Retail Investors. The IPO will close on November 22.
-
What is NTPC Green Energy IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is NTPC Green Energy IPO Issue Size?
NTPC Green Energy IPO issue size is ₹10,000 crores.
-
What is NTPC Green Energy IPO Price Band?
NTPC Green Energy IPO Price Band is ₹102 to ₹108.
-
What is NTPC Green Energy IPO Lot Size?
The minimum bid is 138 Shares with ₹14,904.
-
What is the NTPC Green Energy IPO Allotment Date?
NTPC Green Energy IPO allotment date is November 25.
-
What is the NTPC Green Energy IPO Listing Date?
NTPC Green Energy IPO listing date is November 27. The IPO is to be listed on BSE & NSE.
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