The book-running lead managers of this IPO is IDBI Capital Markets & Securities Limited, HDFC Bank Limited, IIFL Securities Limited, Nuvama Wealth Management Limited. For more information check NTPC Green Energy IPO DRHP and RHP details.
NTPC Green Energy IPO Details
| IPO Issue Open Date: | 18 November 2024 |
| IPO Issue Close Date: | 21 November 2024 |
| IPO Issue Price Band: | ₹102 to ₹108 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹10,000 Crores | [.] shares |
| Fresh Issue: | ₹10,000 Crores | [.] shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
NTPC Green Energy IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
NTPC Green Energy IPO Dates Timeline
| Issue Open Date: | 18 November 2024 |
| Issue Close Date: | 21 November 2024 |
| Basis of Allotment Date: | 22 November 2024 |
| Refunds Initiation: | 25 November 2024 |
| Shares Credit in Demat: | 25 November 2024 |
| IPO Listing Date Detail: | 26 November 2024 |
NTPC Green Energy IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 138 shares = ₹14,904 |
| Retail (Max) | 13 lots and 1,794 shares = ₹1,93,752 |
| HNI (Min) | 14 lots and 1,932 shares = ₹2,08,656 |
| B-HNI Minimum | 68 lots and 9,384 shares = ₹10,13,472 |
NTPC Green Energy IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹3 | ₹- | ₹- | 3% |
| 25th Nov | ₹1 | ₹- | ₹- | 1% |
| 19th Nov | ₹2 | ₹- | ₹- | 2% |
| 16th Nov | ₹3 | ₹- | ₹- | 3% |
| 13th Nov | ₹9 | ₹1,300 | ₹500 | 8% |
| 12th Nov | ₹35 | ₹6,500 | ₹1,000 | -% |
About NTPC Green Energy
NTPC Green Energy is a wholly owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise. They are the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 30, 2024 and power generation in Fiscal 2024. (Source: CRISIL Report, September 2024). Their renewable energy 179 portfolio encompasses both solar and wind power assets with presence across multiple locations in more than six states which helps mitigate the risk of location-specific generation variability.
Their operational capacity was 3,071 MW of solar projects and 100 MW of wind projects across six (6) states as of August 31, 2024. They are strategically focused on developing a portfolio of utility-scale renewable energy projects, as well as projects for public sector undertakings (“PSUs”) and Indian corporates. Their projects generate renewable power and feed that power into the grid, supplying a utility or offtaker with energy. For their operational projects, they have entered into long-term Power Purchase Agreements (“PPAs”) or Letters of Award (“LoAs”) with an offtaker that is either a Central government agency like the Solar Energy Corporation of India (“SECI”) or a State government agency or public utility..
NTPC Green Energy IPO Strengths
- They are promoted by NTPC Limited, which has extensive experience in executing large- scale projects, longterm relationships with offtakers and suppliers and financial strength.
- They have a Portfolio of 14,696 MWs 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 that enable a low cost of capital employed.
- Experienced Management Team
Objects of the IPO Issue
- 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; and
- General corporate purposes.
NTPC Green Energy Company Financial Report
The company reported revenue of ₹2037.66 crores in 2024 against ₹170.63 crores in 2023. The company reported a profit of ₹1549.46 crores in 2024 against a loss of ₹118.09 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹170.63 | ₹118.09 | ₹171.23 | ₹18,431.40 |
| 2024 | ₹2,037.66 | ₹1,549.46 | ₹344.72 | ₹27,206.42 |
| June 2024 | ₹607.42 | ₹423.98 | ₹138.61 | ₹28,775.40 |
NTPC Green Energy IPO Valuation – Key Performance Indicator
Check NTPC Green Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | NA |
| ROCE: | NA |
| EBITDA Margin: | 88.99% |
| PAT Margin: | 17.56% |
| Debt to equity ratio: | 1.98 |
| Earning Per Share (EPS): | ₹0.73 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 5.53 % |
| Net Asset Value (NAV): | ₹10.90 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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 Registrar
Kfin Technologies Limited
Phone: +91 40 6716 2222
Email: ntpcgreen.ipo@kfintech.com
Website: https://ris.kfintech.com/
NTPC Green Energy IPO Lead Manager
- IDBI Capital Markets & SecuritiesbLimited
- HDFC Bank Limited
- IIFL Securities Limited
- Nuvama Wealth Management Limited
NTPC Green Energy IPO allotment status check on Link Intime website. Click on Kfin Technologies to get allotment status.
Promoters of NTPC Green Energy
- President Of India
- Acting Through The Ministry Of Power
- Government Of India
- Ntpc 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: www.ngel.in