NTPC Green Energy Limited IPO, GMP, Details, Price, And Review IPO Details
| 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 | 92,59,25,926 shares (aggregating up to ₹ 10,000.00 Cr) |
| Fresh Issue | 92,59,25,926 shares (aggregating up to ₹ 10,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 7,50,00,00,000 |
| Shareholding post issue | 8,42,59,25,926 |
About 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:
•IDBI Capital Market Services Limited
•HDFC Bank Limited
•IIFL Securities Ltd
•Nuvama Wealth Management Limited
• 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:
•Registrar: Kfin Technologies Limited will act as the registrar for the issue.
NTPC Green Energy IPO Reservation
Objectives of NTPC Green Energy IPO
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- ● Investment in the 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 purpose.
| 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 Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
₹ 1,132.74 Cr
Profit After Tax
₹ 175.30 Cr
Net Worth
₹ 8,189.18 Cr
Total Borrowing
₹ 17,057.50 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 30 Sep 2024 | 32,408.30 | 1,132.74 | 175.30 | 8,189.18 | 17,057.50 |
| 31 Mar 2024 | 27,206.42 | 2,037.66 | 344.72 | 6,232.14 | 12,796.74 |
| 31 Mar 2023 | 18,431.4 | 170.63 | 171.23 | 4,887.43 | 5,417.84 |
| 31 Mar 2022 | 14,884.820 | 918.2 | 94.74 | 1,951.52 | 8,621.18 |
| Amount in ₹ Crore | |||||
NTPC Green Energy Limited IPO, GMP, Details, Price, And Review IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The NTPC Green Energy Limited IPO, GMP, Details, Price, And Review IPO GMP is currently trading at ₹1, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹109, which is 0.93% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹108 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹1 and a lot size of 138 shares.
NTPC Green Energy Limited IPO, GMP, Details, Price, And Review IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-11-16 | ₹108 | ₹1.40 (1.30%) | 2024-11-16 |
NTPC Green Energy Limited IPO, GMP, Details, Price, And Review 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 |
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Competitive Strengths
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.
Download regulatory filings
NTPC Green Energy Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 138 | ₹ 14,904 |
| Retail (Max) | 13 | 1,794 | ₹ 1,93,752 |
| S-HNI (Min) | 14 | 1,932 | ₹ 2,08,656 |
| S-HNI (Max) | 67 | 9,246 | ₹ 9,98,568 |
| B-HNI (Min) | 68 | 9,384 | ₹ 10,13,472 |