NTPC Green Energy IPO
GMP, Subscription, Price, Dates & Financial Details
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),…
Open Date
Tue, 19 Nov 2024
Close Date
Fri, 22 Nov 2024
Price Band
₹ 102 – 108
Lot Size
138
Issue Size
₹ 10,000.00 Cr
Minimum Investment
₹ 14,904 (138 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
NTPC Green Energy IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹10,000.00 Crore, comprising a fresh issue of 92.59 Crore equity shares aggregating to ₹10,000.00 Crore.
The NTPC Green Energy IPO remained open for subscription from November 19, 2024, to November 22, 2024. The basis of allotment was finalized on November 25, 2024, and the company's shares were listed on the NSE and BSE on November 27, 2024.
The company had fixed the price band at ₹102 to ₹108 per share, with a lot size of 138 shares. Retail investors were required to make a minimum investment of ₹14,904 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 19,417,476 equity shares for eligible employees, who received a discount of ₹5 per share.
KFin Technologies Limited served as the registrar to the issue. IIFL Capital Services Limited, HDFC Bank Limited, Idbi Capital Market Services Limited, and Nuvama Wealth Management Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, NTPC Green Energy Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
NTPC Green Energy IPO Timeline (Tentative)
- IPO Open Date
- Tue, 19 Nov 24
- IPO Close Date
- Fri, 22 Nov 24
- Basis of Allotment
- Mon, 25 Nov 24
- Initiation of Refunds
- Tue, 26 Nov 24
- Credit of Shares to Demat
- Tue, 26 Nov 24
- Listing Date
- Wed, 27 Nov 24 — NSE & BSE
Open Date
19 November 2024
Close Date
22 November 2024
Basis Of Allotment
25 November 2024
Listing Date
27 November 2024
IPO Subscription
Check Live Subscription →The NTPC Green Energy IPO has received bids for 1,42,85,59,716 shares against 59,31,67,575 shares offered, resulting in an overall subscription of 2.41x. the NII category is subscribed 0.81x, Retail Investors 3.41x, Employees 0.79x, and QIBs 3.32x. Within the NII category, BNII is subscribed 0.57x, while SNII is subscribed 1.29x.
QIB
3.32x
NII
0.81x
BNII
0.57x
SNII
1.29x
RII
3.41x
EMP
0.79x
Total
2.41x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,14,81,481 shares, representing 8.79% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 24,44,44,445 shares (26.37%), while Non-Institutional Investors (NIIs) receive 12,22,22,222 shares (13.19%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 366,666,666 | 39.56% |
| Qualified Institutions | 244,444,445 | 26.37% |
| Non-Institutional | 122,222,222 | 13.19% |
| BNII | 81,481,482 | 8.79% |
| SNII | 40,740,741 | 4.4% |
| Retail Investors | 81,481,481 | 8.79% |
| Employees | 19,417,476 | 2.1% |
| Shareholder Category | 92,592,593 | 9.99% |
| Total | 926,824,883 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
NTPC Green Energy Limited KPI Information
| Particular | KPI as of September 30, 2024. |
|---|---|
| ROE % | 7.39 |
| Debt / Equity | 1.91 |
| RoNW % | 2.14 |
| PbW | 9.89 |
| Pat Margin % | 16.2 |
Peers Comparison
No Peer Comparision Available
About NTPC Green Energy Limited
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.
NTPC Green Energy IPO 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%
NTPC Green Energy IPO Objective
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
NTPC Green Energy Limited Address / Contact Details
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
NTPC Green Energy IPO Lot Size
The NTPC Green Energy IPO has a lot size of 138 shares. Retail investors require a minimum investment of ₹14,904 by applying for 1 lot (138 shares). The maximum application allowed for the retail category is 13 lots (1,794 shares), requiring an investment of ₹1,93,752.
| 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 |
Issue Reservation
- Anchor Investors — 39.56%
- QIB — 26.37%
- NII — 13.19%
- RII — 8.79%
- EMP — 2.1%
- SHR — 9.99%
Book Running Lead Managers
- IIFL Capital Services Limited
- HDFC Bank Limited
- Idbi Capital Market Services Limited
- Nuvama Wealth Management Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the NTPC Green Energy IPO?
NTPC Green Energy IPO is a Book-building IPO with a total issue size of ₹10000 crore. The NTPC Green Energy IPO price band is ₹102 to 108 per share. The NTPC Green Energy IPO subscription opens on Tue, Nov 19, 2024, and closes on Fri, Nov 22, 2024. The NTPC Green Energy IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the NTPC Green Energy IPO.
When will the NTPC Green Energy IPO open for subscription?
The NTPC Green Energy IPO opens on Tue, Nov 19, 2024 and closes on Fri, Nov 22, 2024
What is NTPC Green Energy IPO Price Band?
NTPC Green Energy IPO Price Band is ₹102 to 108 per share.
What is NTPC Green Energy IPO Lot Size?
NTPC Green Energy IPO lot size is 138 shares, Retail investors need a minimum investment of ₹14904 based on the upper price band
What is the minimum investment for NTPC Green Energy IPO?
The minimum investment for NTPC Green Energy IPO is ₹14904, based on one lot of 138 shares at the upper price band of ₹108 per share.
How to apply for NTPC Green Energy IPO?
Investors can apply for the NTPC Green Energy IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Nov 22, 2024. The application amount remains blocked until the NTPC Green Energy IPO allotment is finalized.
What is NTPC Green Energy IPO Issue Size?
NTPC Green Energy IPO issue size is ₹10000 crores.
What is the NTPC Green Energy IPO Allotment Date?
NTPC Green Energy IPO allotment date is Mon, Nov 25, 2024.
Who is the NTPC Green Energy IPO Registrar?
The registrar for NTPC Green Energy IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check NTPC Green Energy IPO allotment status, refund processing, and other IPO-related information.
What is the NTPC Green Energy IPO GMP?
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 0.93% over the issue price.
Who is the NTPC Green Energy IPO Lead Manager?
The book-running lead managers (BRLMs) for the NTPC Green Energy IPO are IIFL Capital Services Limited, HDFC Bank Limited, Idbi Capital Market Services Limited, and Nuvama Wealth Management Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the NTPC Green Energy IPO Red Herring Prospectus (RHP).