NTPC Green Energy IPO
Open MainLineCurrent GMP
₹1 (+0.93%)
Price Band
₹ 102 – 108
Lot Size
138
Issue Size
₹10000 Cr
Minimum Investment
₹14904 (138 Shares)
Listing Date
27 November 2024
Subscription
2.41x
About the Company
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited.
- Parent Company: Wholly owned subsidiary of NTPC Limited, India's largest power company, under the Ministry of Power, Government of India.
- Sector: Renewable energy (solar and wind), primarily focusing on utility-scale projects.
- Operating Capacity (as of Aug 31, 2024):
- 3,071 MW of solar power projects.
- 100 MW of wind power projects.
- Total operational capacity across six states.
- Renewable Energy Portfolio:
- As of June 30, 2024, NTPC Green Energy’s total renewable energy portfolio consists of 14,696 MW, which includes:
- 2,925 MW of operating projects.
- 11,771 MW of contracted and awarded projects.
- Additional 10,975 MW of capacity in the pipeline, with agreements (MOUs/term sheets) in place but not finalized.
- As of June 30, 2024, NTPC Green Energy’s total renewable energy portfolio consists of 14,696 MW, which includes:
- Strategy:
- Focused on developing a mix of solar and wind power projects across India.
- Targets utility-scale projects for both public sector undertakings (PSUs) and Indian corporates.
- Power from these projects is fed into the grid through long-term Power Purchase Agreements (PPAs) or Letters of Award (LoAs) with government agencies or public utilities.
- Revenue Composition (FY 2024):
- Renewable energy sales constituted 96.48% of revenue in Q1 FY 2024 and 96.17% for FY 2024. This shows the dominant role of renewable energy in NGEL's business.
- Role in NTPC Group:
- NTPC Green Energy serves as the sustainability arm of NTPC Limited, contributing to the company’s goal to expand non-fossil fuel-based capacity to 45-50% of its total portfolio by 2032, including 60 GW of renewable energy capacity.
- Market Leadership:
- As of June 30, 2024, NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro) in India by operating capacity and power generation for FY 2024.
In summary, NTPC Green Energy Limited is a key player in India's renewable energy transition, with a substantial portfolio of solar and wind projects and strong backing from its parent, NTPC Limited. The company is poised to contribute significantly to India's renewable energy targets in the coming years.
Promoters
- President of India,acting through the Ministry of Power, Government of India
- NTPC Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
89.01%
Objects of the Issue
The Company proposes to utilise the Net Proceeds towards funding the following objects:
- Investment in our 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 purposes
Address / Contact Info
NTPC Green Energy Limited
NTPC Bhawan, Core-7, SCOPE Complex
7 Institutional Area, Lodi Road,
New Delhi - 110003
Phone: +91 11 24362577
Email: ngel@ntpc.co.in
Website: https://www.ngel.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 19 November 2024
IPO Close Date
Friday, 22 November 2024
Basis of Allotment
Monday, 25 November 2024
Initiation of Refunds
Tuesday, 26 November 2024
Credit of Shares to Demat
Tuesday, 26 November 2024
Listing Date
Wednesday, 27 November 2024 — NSE & BSE
Important Dates
Open Date
19 November 2024
Close Date
22 November 2024
Basis Of Allotment
25 November 2024
Listing Date
27 November 2024
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 32408.3 | 27206.42 | 18431.4 |
| Revenue | 1132.74 | 2037.66 | 170.63 |
| Profit After Tax | 175.3 | 344.72 | 171.23 |
| Net Worth | 8189.18 | 6232.14 | 0 |
| Reserve & Surplus | 596.08 | 512.6 | 167.88 |
| Total Borrowings | 17057.5 | 12796.74 | 0 |
EPS Pre
0.46%
EPS Post
0.42%
P/E Pre
234.97
P/E (Post Issue)
259.56x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of September 30, 2024. |
|---|---|
| ROE % | 7.39 |
| ROCE % | 0 |
| Debt / Equity | 1.91 |
| RoNW % | 2.14 |
| PbW | 9.89 |
| Pat Margin % | 16.2 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 366666666 | 39.56 | 0 |
| Qualified Institutions | 244444445 | 26.37 | 0 |
| Non-Institutional | 122222222 | 13.19 | 0 |
| BNII | 81481482 | 8.79 | 42174 |
| SNII | 40740741 | 4.4 | 21087 |
| Retail Investors | 81481481 | 8.79 | 590445 |
| Employees | 19417476 | 2.1 | 0 |
| Shareholder Category | 92592593 | 9.99 | 0 |
| Total | 926824883 | 100 | 0 |
Subscription Status ( Fri, 22 Nov 24 12:56 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 258823531 | 858449286 | 3.32x |
| Non-Institutional | 129411764 | 104610900 | 0.81x |
| BNII | 86274510 | 49025052 | 0.57x |
| SNII | 43137254 | 55585848 | 1.29x |
| Retail Investors | 86274509 | 294000030 | 3.41x |
| Employees | 20618556 | 16245774 | 0.79x |
| Total | 593167575 | 1428559716 | 2.41x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 138 | 14,904.00 |
| Retail (Max) | 13 | 1,794 | 193,752.00 |
| S-HNI (Min) | 14 | 1,932 | 208,656.00 |
| S-HNI (Max) | 67 | 9,246 | 998,568.00 |
| B-HNI (Min) | 68 | 9,384 | 1,013,472.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- IIFL Capital Services Limited
- Hdfc Bank Limited
- Idbi Capital Market Services Limited
- Nuvama Wealth Management Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
NTPC Green Energy IPO is a Book-building IPO worth ₹10000 crores. The price band is ₹102 to 108 per share. The IPO opens on Tue, Nov 19, 2024 and closes on Fri, Nov 22, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The NTPC Green Energy IPO opens on Tue, Nov 19, 2024 and closes on Fri, Nov 22, 2024
NTPC Green Energy IPO Price Band is ₹102 to 108.
NTPC Green Energy IPO lot size is 138, and the minimum amount required for application is ₹14904.
The minimum investment for NTPC Green Energy IPO is approximately ₹14904 based on the upper price band.
To apply for the NTPC Green Energy IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Nov 22, 2024. After submission, funds are blocked until the basis of allotment of NTPC Green Energy IPO is finalised.
NTPC Green Energy IPO issue size is ₹10000 crores.
NTPC Green Energy IPO allotment date is Sat, Jun 27, 2026.
The registrar for NTPC Green Energy IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to NTPC Green Energy IPO through their official website or helpline.
The NTPC Green Energy IPO GMP (Grey Market Premium) is ₹1 as of Wed, Nov 27, 2024. Based on the upper price band of ₹108 per share, the estimated NTPC Green Energy IPO listing price is ₹109, indicating a potential listing gain of approximately 31% over the issue price.