NTPC Green Energy IPO
- IPO Date19 Nov, 2024 to 22 Nov, 2024
- Listing Date27 Nov, 2024
- Face Value₹10 per share
- Issue Price₹102 to ₹108 per share
- Lot Size138 Shares
- Minimum Investment₹14,904
- Listing AtBSE, NSE
- Total Issue Size92,59,25,926 Shares
(aggregating up to ₹10000.00 Cr) - Fresh Issue92,59,25,926 Shares
(aggregating up to ₹10000.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue7,50,00,00,000
- Shareholding post issue8,42,59,25,926
IPO Dates
Closing Date
22 Nov, 2024
Initiation of Refunds
26 Nov, 2024
Listing Date
27 Nov, 2024
19 Nov, 2024
Opening Date
25 Nov, 2024
Basis of Allotment
26 Nov, 2024
Credit of Shares
NTPC Green Energy 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 |
|---|---|---|---|
| S-HNI (Min) | 14 | 1932 | ₹2,08,656 |
| S-HNI (Max) | 67 | 9246 | ₹9,98,568 |
| Retail (Max) | 13 | 1794 | ₹1,93,752 |
| Retail (Min) | 1 | 138 | ₹14,904 |
| B-HNI (Min) | 68 | 9384 | ₹10,13,472 |
NTPC Green Energy Promoter Holding
The Promoters of the Company are the President of India, acting through the Ministry of Power, Government of India and NTPC Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
NTPC Green Energy COMPANY INFORMATION
NTPC Green Energy IPO is a book built issue of Rs 10,000.00 crores. The issue is entirely a fresh issue of 92.59 crore shares. NTPC Green Energy IPO opens for subscription on November 19, 2024 and closes on November 22, 2024. The allotment for the NTPC Green Energy IPO is expected to be finalized on Monday, November 25, 2024. NTPC Green Energy IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, November 27, 2024. NTPC Green Energy IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (1,932 shares), amounting to ₹208,656, and for bNII, it is 68 lots (9,384 shares), amounting to ₹1,013,472. Idbi Capital Market Services Limited, Hdfc Bank Limited, Iifl Securities Ltd and Nuvama Wealth Management Limited are the book running lead managers of the NTPC Green Energy IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to NTPC Green Energy IPO RHP for detailed information.
Incorporated in April 2022, NTPC Green Energy is a wholly-owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.
As of August 31, 2024, the company had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states.
As of June 30, 2024, the company's Portfolio consisted of 14,696 MW, including 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects.
As of June 30, 2024, the company had 15 off-takers across 37 solar projects and 9 wind projects.
As of June 30, 2024, the company is constructing 31 renewable energy projects in 7 states, totaling 11,771 MW.
Competitive Strength
- Promted 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.
As of June 30, 2024, the workforce comprised 234 employees, and the company utilised the services of 45 contract labourers.
NTPC Green Energy IPO
IPO Overview and Key Highlights
NTPC Green Energy is offering its Initial Public Offering (IPO), consisting of a fresh issue aggregating up to Rs 10,000 crore. The IPO proceeds will primarily be utilized to expand the company's renewable energy operations, repay borrowings, and meet general corporate expenses. The equity shares are proposed to be listed on both the NSE and BSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: Rs 10,000 crore
- Offer for Sale (OFS): Not Applicable
- Face Value: Rs 10 per share
- Offer Opens: November 19, 2024
- Offer Closes: November 22, 2024
- Listing Exchange: NSE and BSE.
Company Overview
NTPC Green Energy, a subsidiary of NTPC, focuses on developing and managing renewable energy projects across India. Incorporated in 2022, the company aims to contribute significantly to the nation’s clean energy goals by expanding its portfolio of solar, wind, and hybrid energy projects.
Financial Overview
The company has demonstrated robust growth potential through increased investments in renewable energy. The IPO will bolster its financial position, enabling it to scale up its operations and accelerate project execution timelines.
Key Strengths of NTPC Green Energy
- Government Backing: Strong support from the Government of India and NTPC ensures financial stability and strategic direction.
- Focus on Renewable Energy: As a critical player in India’s green energy transition, the company is positioned to benefit from favorable policies and market demand.
- Proven Operational Expertise: Backed by NTPC’s expertise in energy generation and infrastructure.
IPO Pros and Cons
Pros
- Strategic Importance: NTPC Green Energy is poised to play a pivotal role in achieving India’s renewable energy targets.
- Growth Potential: Increasing demand for clean energy creates a favorable market for the company.
- Use of Proceeds: The IPO funds will enhance financial stability and support growth initiatives.
Cons
- High Capital Requirements: Renewable energy projects demand significant upfront investments, which could impact cash flows.
- Regulatory Risks: Dependence on government policies and incentives for renewable energy might pose risks.
- First Public Issue: Uncertainty around stock performance post-listing.
Risk Factors
Investors should consider the following risks:
- Policy Dependency: The company’s success is tied to government policies on renewable energy.
- Execution Challenges: Delays in project completion or cost overruns could affect profitability.
- Market Competition: Competition from other renewable energy companies may impact growth.
Conclusion
The NTPC Green Energy IPO offers investors an opportunity to participate in India’s renewable energy sector through a government-backed entity. With its robust pipeline of projects and strategic importance, the company is well-positioned for future growth. However, potential investors should carefully evaluate risks related to policy dependency, project execution, and market competition before investing.
FAQs About Ntpc Green Energy Ipo
NTPC Green Energy IPO will open on 19 Nov, 2024 and close on 22 Nov, 2024. Investors must apply within this period to participate.
The NTPC Green Energy IPO price band is set between ₹102.00 and ₹108.00 per share. The minimum lot size is 138, requiring an investment of at least ₹14904.00.
The NTPC Green Energy IPO shares are expected to be listed on 27 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your NTPC Green Energy IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The NTPC Green Energy IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.