As India accelerates its shift towards sustainable and renewable energy solutions, NTPC Green Energy Limited is poised to make a significant impact with its upcoming IPO in 2024. This highly anticipated offering presents a unique opportunity for investors eager to participate in the green energy transition through the Indian share market. In this guide, we cover all essential details about the NTPC Green Energy IPO 2024, from the price band and shareholder quota to dates and frequently asked questions. Stay tuned for updates on NTPC Green Energy share price and news from the Indian share market.
NTPC Green Energy IPO Details
NTPC Green Energy IPO Overview
details of the NTPC Green Energy IPO:
| Attribute | Details |
|---|---|
| IPO Date | November 19, 2024 to November 22, 2024 |
| Listing Date | TBD |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 138 Shares |
| Total Issue Size | 925,925,926 shares (₹10,000.00 Cr) |
| Fresh Issue | 925,925,926 shares (₹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 shares |
| Shareholding (Post-Issue) | 8,425,925,926 shares |
NTPC Green Energy IPO reservation details:
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Not less than 75% of the Net Issue |
| Retail Investors | Not more than 10% of the Net Issue |
| NII (Non-Institutional Investors or HNIs) | Not more than 15% of the Net Issue |
NTPC Green Energy IPO Timeline
| Event | Date |
|---|---|
| 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 Accounts | 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
NTPC Green Energy IPO lot size and investment details for Retail and HNI investors:
| 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 GMP
The NTPC Green Energy IPO, a significant public offering from NTPC renewable energy arm, aims to raise around ₹10,000 crore. Investors are closely monitoring its Grey Market Premium (GMP) movements, as they often reflect market expectations for the IPO’s listing performance. Here is the recent GMP data for NTPC Green Energy:
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
|---|---|---|---|---|
| 13-11-2024 | 108.00 | ₹3(GMP Down) | 300/4200 | ₹111(2.78%) |
| 11-11-2024 | NA | ₹9 (GMP Down) | — | ₹9 |
| 10-11-2024 | NA | ₹16 (GMP Down) | — | ₹16 |
| 09-11-2024 | NA | ₹25 (GMP Up) | — | ₹25 |
| 08-11-2024 | ₹0 (No Change) | — | ₹0 | |
| 07-11-2024 | ₹0 (No Change) | — | ₹0 | |
| 06-11-2024 | ₹0 (No Change) | — | ₹0 | |
| 05-11-2024 | ₹0 (No Change) | — | ₹0 | |
| 04-11-2024 | ₹0 (No Change) | — | ₹0 |
NTPC Green Energy IPO Market Lot
The minimum lot size and total investment for the NTPC Green Energy IPO are yet to be announced. Retail investors can apply for up to 13 lots, with specific lot sizes providing flexible entry points for both retail and institutional investors.
| Application Type | Lot Size | Shares | Total Amount |
|---|---|---|---|
| Retail Minimum | 1 | . | ₹[.] |
| Retail Maximum | 13 | . | ₹[.] |
| S-HNI Minimum | 14 | . | ₹[.] |
| B-HNI Minimum | 68 | . | ₹[.] |
NTPC Green Energy IPO Date and Listing
The NTPC Green Energy IPO is expected to open and close in 2024, with allotment and listing dates to be confirmed. Once listed, NTPC shares will be available on both BSE and NSE, a significant step forward for green energy stocks in India.
| IPO Open Date | Not To Decided Yet |
| IPO Close Date | Not To Decided Yet |
| Basis of Allotment | Not To Decided Yet |
| Refunds | Not To Decided Yet |
| Credit to Demat Account | Not To Decided Yet |
| NTPC Listing Date | Not To Decided Yet |
Promoters of NTPC Green Energy IPO
NTPC Green Energy Limited, a subsidiary of NTPC Limited, is promoted by the President of India through the Ministry of Power. As a Maharatna public sector enterprise, NTPC is committed to expanding India’s renewable energy portfolio. The IPO will help NTPC Green Energy fund new and existing renewable energy projec
About NTPC Green Energy IPO
NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, is an integral part of India’s renewable energy push. Recognized as a ‘Maharatna’ public sector undertaking, NTPC Green Energy holds a leading position in renewable energy, specifically solar and wind projects, within India. By June 30, 2024, NTPC Green Energy achieved an operational capacity of 3,071 MW from solar and 100 MW from wind energy.
The company’s renewable energy projects, located across more than six states, supply power to the national grid under long-term Power Purchase Agreements (PPAs) with various Central and State government agencies, enhancing revenue stability. Its diversified project portfolio helps mitigate risks associated with generation variability due to local conditions. Furthermore, NTPC Green Energy’s strategy includes building a pipeline of renewable energy projects, including ISTS-connected and other utility-scale initiatives for public sector and corporate clients.
With a focus on sustainability, operational capacity, and the global shift towards clean energy, NTPC Green Energy is primed to play a significant role in the energy sector. The funds raised through this IPO will support NTPC Green Energy’s ongoing and future renewable projects, reinforcing India’s commitment to a cleaner and greener future.
NTPC Green Energy IPO Company Financial Report
In FY 2024, NTPC Green Energy reported revenue from operations of ₹19,625.98 million, up from ₹14,497.09 million in FY 2023. However, profit after tax dropped to ₹3,447.21 million, reflecting challenges despite increased revenue. The company maintains a strong EBITDA margin of 88.99% and a PAT margin of 17.56%, underscoring its market potential in the energy sector.
Key Valuation Metrics:
- Debt to Equity Ratio: 1.98
- EBITDA Margin: 88.99%
- PAT Margin: 17.56%
- Return on Net Worth (RoNW): 5.53%
Objectives of the NTPC Green Energy IPO
Funds from the IPO will primarily support:
- Investment in NTPC Renewable Energy Limited (NREL).
- General Corporate Purposes, aiding debt reduction and capital growth.
NTPC Green Energy Renewable Energy Projects
NTPC Green Energy’s vast portfolio spans solar and wind energy, supporting India’s clean energy transition. The company’s investments in ISTS-connected projects and Power Purchase Agreements (PPAs) with government agencies provide a robust foundation in this capital-intensive sector. NTPC’s renewable energy initiatives also contribute to corporate demand for clean power and support government-backed regulatory frameworks.
NTPC Green Energy IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE | NA |
| ROCE | NA |
| EBITDA Margin | 88.99% |
| PAT Margin | 17.56% |
| Debt to Equity Ratio | 1.98 |
| Earnings Per Share (EPS) | ₹0.73 (Basic) |
| Price/Earnings (P/E) Ratio | NA |
| Return on Net Worth (RoNW) | 5.53% |
| Net Asset Value (NAV) | ₹10.90 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Adani Green Energy Limited | 6.21 | 288.36 | 12.81 | 62.08 | 9220.0 Cr. |
| ReNew Energy Global PLC | 9.94 | 52.87 | 3.94 | 290.15 | 8194.8 Cr. |
NTPC Green Energy IPO Objects of the Issue
The funds raised will be used primarily for:
- Investment in NTPC Renewable Energy Limited (NREL)
- General corporate purposes
NTPC Green Energy IPO Review
Various financial institutions and analysts have rated the NTPC Green Energy IPO positively, citing strong fundamentals and market potential in the renewable energy sector.
NTPC Green Energy IPO Registrar
- Registrar: KFin Technologies Limited
- Phone: +91 40 6716 2222
- Email: ntpcgreen.ipo@kfintech.com
- Website: KFin Technologies
IPO Lead Managers (Merchant Bankers)
- IDBI Capital Markets & Securities Limited
- HDFC Bank Limited
- IIFL Securities Limited
- Nuvama Wealth Management Limited
Company Address
NTPC Green Energy Limited
NTPC Bhawan, Core -7,
SCOPE Complex 7 Institutional Area,
Lodi Road, New Delhi,
India, 110003
Phone: +91 11 24362577
Email: ngel@ntpc.co.in
Website: NTPC Green Energy click here
NTPC Green Energy IPO FAQ
Q1: What is the IPO size of NTPC Green Energy?
The IPO size of NTPC Green Energy is ₹10,000 crore, reflecting the company’s strategic move to expand its renewable energy projects.
Q2: Is NTPC investing in green energy?
Yes, NTPC Limited is actively investing in green energy through its subsidiary, NTPC Green Energy Limited (NGEL). The company focuses on solar, wind, and hydropower projects, aligning with India’s renewable energy goals.
Q3: When was the NTPC IPO listed in 2004?
The NTPC Limited IPO was listed on November 5, 2004, marking the company’s debut on the Indian stock market and raising funds to support its energy sector expansions.
Q4: Who is the CEO of NTPC Green Energy Limited?
As of the latest information, Mohit Bhargava is the CEO of NTPC Green Energy Limited. He oversees NTPC’s renewable energy initiatives and sustainability projects.
Q5: What is the price band of the NTPC Green IPO?
The exact price band for the NTPC Green Energy IPO is yet to be announced. Investors should stay updated as it will be disclosed closer to the IPO launch date.
Q6: Is green energy good to invest in?
Investing in green energy holds strong potential due to the global shift towards sustainable energy sources. With increasing investments in renewables and rising demand for eco-friendly solutions, green energy often represents long-term growth potential.
Q7: What is the market cap of NTPC Green Energy?
Market Cap ₹ 3,95,867 Cr.
This article is for informational purposes only and does not constitute financial advice. The opinions expressed here are based on publicly available data and research; however, all investments carry inherent risks. Investors should consider their own risk tolerance, financial objectives, and consult with a certified financial advisor before making any investment decision. Past performance is not indicative of future results, and IRFC stock prices may vary due to market volatility and other economic factors. Neither SBI nor its affiliates endorse or guarantee the investment outcomes or the accuracy of data herein.
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