NTPC Green Energy is a wholly-owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise.
Its renewable energy portfolio encompasses both solar and wind power assets with a presence across multiple locations in more than six states. Its operational capacity was 3,071 MW of solar projects and 100 MW of wind projects as of August 31, 2024.
The company’s projects generate renewable power and feed that power into the grid, supplying a utility or off-taker with energy. For its operational projects, It has entered into long-term Power Purchase Agreements (PPAs) or Letters of Award (LoAs) with off-takers like government agencies and public utilities. The company aims to add around 60 GW of renewable capacity by 2032, nearly 15% of the country’s capacity.
NTPC Green Energy IPO – Details
| IPO Opening Date | 19 November 2024 |
| IPO Closing Date | 22 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 92,59,25,926 Shares Worth ₹10,000.00 Crore Fresh Issue: 92,59,25,926 Shares Worth ₹10,000.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹102 – ₹108 per share |
| Market Lot | 138 Shares |
| Min Order | 138 Shares (1 Lot) |
| Employee Discount | ₹5 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
NTPC Green Energy IPO – Date Schedule
| IPO Open Date | 19 November 2024 |
| IPO Close Date | 22 November 2024 |
| Basis of Allotment | 25 November 2024 |
| Initiation of Refund | 26 November 2024 |
| Credit of Shares to Demat Account | 26 November 2024 |
| IPO Listing Date | 27 November 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 22, 2024 |
NTPC Green Energy IPO – Lots Size & Price
| Application | Lots | Shares | 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 |
Competitive Strengths
- The company is promoted by NTPC Limited, which has extensive experience in executing large-scale projects, long-term relationships with off-takers and suppliers, and financial strength.
- The company has a Portfolio of 14,696 MWs of solar and wind projects as of June 30, 2024, with diversification across geographies and offtakers.
- Experienced team in renewable energy project execution and procurement as well as operating and maintenance.
- Growing revenues along with strong credit ratings enable a low cost of capital employed.
- Experienced Management Team.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | 170.63 | 118.08 | 171.22 | 5,417.84 |
| 31 March 2024 | 2,037.65 | 1,549.45 | 344.72 | 12,796.74 |
| 30 June 2024 | 607.41 | 423.97 | 138.61 | 15,276.98 |
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 |
Object Of The Issue
- 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 purposes.
NTPC Green Energy IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Adani Green Energy Limited | 291.70 |
| 2 | 10 | ReNew Energy Global PLC | 48.80 |
NTPC Green Energy IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 89.01% |
NTPC Green Energy IPO Prospectus
Company Contact Information
| NTPC Green Energy Limited NTPC Bhawan, Core -7, SCOPE Complex 7 Institutional Area, Lodi Road, New Delhi, India,110003 Phone: +91 11 2436 2577 Email: ngel@ntpc.co.in Website: www.ngel.in |
NTPC Green Energy IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: ntpcgreen.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
NTPC Green Energy IPO Lead Manager(s)
| 1. HDFC Bank Limited 2. IIFL Securities Limited 3. Nuvama Wealth Management Limited 4. IDBI Capital Markets & Securities Limited |
NTPC Green Energy IPO FAQs
| What is NTPC Green Energy IPO? NTPC Green Energy IPO is a main-board IPO. The issue is priced at ₹102 to ₹108 per equity share. The IPO is to be listed on BSE & NSE. |
| When NTPC Green Energy IPO will open? The IPO is to open on 19 November 2024 for QIB, NII, and Retail Investors. |
| What is NTPC Green Energy IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the NTPC Green Energy IPO? You can apply NTPC Green Energy IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the NTPC Green Energy IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “NTPC Green Energy IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the NTPC Green Energy IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “NTPC Green Energy IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the NTPC Green Energy IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “NTPC Green Energy IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the NTPC Green Energy IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “NTPC Green Energy IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is NTPC Green Energy IPO Size? NTPC Green Energy IPO size is ₹10,000.00 Crore. |
| What is the NTPC Green Energy IPO Price Band? NTPC Green Energy IPO Price Band is ₹102 to ₹108. |
| What is NTPC Green Energy IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 138 Shares with ₹14,904 amount while the maximum bid is 1,794 Shares with ₹1,93,752. |
| What is the NTPC Green Energy IPO Allotment Date? NTPC Green Energy IPO allotment date is 25 November 2024. |
| What is the NTPC Green Energy IPO Listing Date? NTPC Green Energy IPO listing date is 27 November 2024. The IPO is to be listed on BSE and NSE. |
