NTPC Green Energy Ltd
Price Range
₹102 - ₹108
Min. Quantity
138
Closes on
22 November 2024
Min. investment
₹14,904/1,794 Shares
NTPC Green Energy Ltd IPO Timeline
NTPC Green Energy Limited, a wholly owned subsidiary of NTPC Limited, a Maharatna' Central Public Sector Enterprise (CPSE) was incorporated as a Public Limited Company dated April 7, 2022, pursuant to a Certificate of Incorporation, issued by the Registrar of Companies, Delhi & Haryana. The Company's main business is to to carry on power generation through non-conventional / renewable energy sources in wind, hydro, solar, tidal, geothermal, biomass, wave, waste, hybrid and other production of green molecules etc.
| Event | Date |
|---|---|
| NTPC Green Energy Ltd IPO Opening Date | 19 November 2024 |
| NTPC Green Energy Ltd IPO Closing Date | 22 November 2024 |
| Basis of Allotment | 25 November 2024 |
| Initiation of Refunds | 26 November 2024 |
| Credit of Shares to Demat | 26 November 2024 |
| NTPC Green Energy Ltd IPO Listing Date | 27 November 2024 |
NTPC Green Energy Ltd IPO Details
| NTPC Green Energy Ltd IPO Date | 19 November 2024 to 22 November 2024 |
| NTPC Green Energy Ltd IPO Face Value | ₹10 per share |
| NTPC Green Energy Ltd IPO Price | ₹102 to ₹108 per share |
| NTPC Green Energy Ltd IPO Lot Size | 138 |
| Issue Size | Shares of ₹10 (aggregating up to ₹10,000 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹10000 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 25,88,23,531 of the Net Offer |
| Retail Shares Offered | Not less than 8,62,74,509 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 12,94,11,764 of the Net Offer |
| Company Promoters | The President of India, NTPC Ltd |
NTPC Green Energy Ltd IPO Lot Size
The NTPC Green Energy Ltd IPO lot size is 138 shares. A retail-individual investor can apply for up to 13 lots (1,794 shares or ₹1,93,752).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 138 | ₹14,904 |
| Maximum | 13 | 1,794 | ₹1,93,752 |
- Strengths
- Risks
- Opportunities
- We are promoted by NTPC Limited, which has a legacy of around five decades, is one of India's largest power companies, and has experience in operating and maintaining power stations efficiently and in acquiring land for large power projects throughout India.
- As of September 30, 2024, our Portfolio consisted of 16,896 MWs including 3,320 MWs operating projects and 13,576 MWs projects contracted and awarded. We are in the process of constructing 36 renewable energy projects in 6 states consisting of 13,576 MWs, contracted and awarded.
- We along with the NTPC Group have a strong track record of developing, constructing and operating renewable power projects, driven by our experienced in-house management and procurement teams. Our superior execution capabilities are demonstrated by 5 decades of successful operations by NTPC Limited.
- With strong parent support and diversified portfolio with long term PPA, the Company is able to maintain a healthy interest coverage ratio. (Source: CRISIL Report, November 2024). As of September 30, 2024 and March 31, 2024, our interest coverage ratio was 2.60 times and 2.64 times (on a restated basis), respectively, and, as of March 31, 2023 and March 31, 2022, was 2.80 times and 3.17 times (on a special purpose carvedout basis), respectively.
- We benefit from a strong balance sheet and AAA rating from CRISIL as of May 8, 2024. We believe that our ability to leverage the NTPC Group's outstanding credit and its long-term relationships with financial institutions will continue to provide us with access to a low cost of capital.
- Our senior management team led by the Board of Directors, have decades of experience in the Indian power industry.
Company Financials
NTPC Green Energy Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 18,321.83 | 2,028.69 | 370.47 |
| 03-2023 | 16,878.85 | 170.6 | 174.44 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment in full or in part of certain outstanding borrowings availed by the wholly owned subsidiary NTPC Renewable Energy Ltd
- General Corporate purposes
NTPC Green Energy Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
NTPC Green Energy Ltd IPO Subscription Status (Bidding Detail)
The NTPC Green Energy Ltd IPO is subscribed 2.42 times on 22 November 2024 05:00:00 PM. The public issue subscribed 3.44 times in the retail category, 3.32 times in the QIB category, and 0.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 3.32 | 0.81 | 3.44 | 0.8 | 2.42 |
NTPC Green Energy Ltd IPO Prospectus
NTPC Green Energy Ltd IPO Listing Date
| Listing Date | 27 November 2024 |
| BSE Script | 544289 |
| NSE Symbol | NTPCGREEN |
| Listing In | BSE, NSE |
| ISIN | INE0ONG01011 |
| IPO Price | ₹108 |
| Face Value | ₹10 |
Company Contact Information
NTPC Bhavan Core-7 SCOPE -Complex 7 Instl Area Lodi Rd,New Delhi-110003
Phone: +91 11 2436 2577
Email: ngel@ntpc.co.in
Website: www.ngel.in
NTPC Green Energy Ltd IPO Registrar
NTPC Green Energy Ltd IPO Lead Manager(s)
- IDBI Capital Markets & Securities Ltd
- HDFC Bank Ltd
- IIFL Securities Ltd
- Nuvama Wealth Management Ltd
FAQ
What is the issue size of NTPC Green Energy Ltd IPO?
I have pre-applied for NTPC Green Energy Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.