NTPC Green Energy IPO (NTPC Green Energy Limited IPO)
NTPC Green Energy IPO open for bidding on 19th November 2024 and ends on 22nd November 2024.
NTPC Green Energy Limited (NGEL), incorporated in 2022, is a leading player in India’s renewable energy sector, spearheading efforts to develop a sustainable energy future. With its headquarters in New Delhi and operational offices in Noida, NGEL is backed by its promoters: NTPC Limited and the Government of India through the Ministry of Power.
NGEL focuses on developing and operating solar, wind, and hybrid renewable projects, leveraging its parent NTPC’s extensive expertise in the energy domain. The company actively contributes to India’s commitment to achieving net-zero carbon emissions by expanding its green energy portfolio, which includes state-of-the-art clean energy solutions.
Currently, NGEL operates with a renewable energy capacity of 3.5 GW and is targeting an expansion to 60 GW by 2032, marking a significant leap in its contribution to India’s renewable energy targets.
For more details refer to NTPC Green Energy IPO RHP and NTPC Green Energy IPO Pulse Score
NTPC Green Energy IPO Details
| IPO Date | 19th November 2024 to 22nd November 2024 |
| Listing Date | 27th November 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 138 Shares |
| Total Issue Size | 95,98,34,241 shares (aggregating up to ₹10,000.00 Cr) |
| Fresh Issue | 95,98,34,241 shares (aggregating up to ₹10,000.00 Cr) |
| Employee Discount | ₹5 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 36,66,66,666(38.2%) |
| QIB | 25,88,23,531(27%) |
| NII | 12,94,11,764(13.5%) |
| bNII | 8,62,74,510(9%) |
| sNII | 4,31,37,254(4.5%) |
| Retail | 8,62,74,509(9%) |
| Employees | 2,06,18,556(2.1%) |
| Shareholders | 9,80,39,215(10.2%) |
| Total | 95,98,34,241(100%) |
NTPC Green Energy IPO Timeline
| IPO Open | 19th November 2024 |
| IPO Close | 22nd November 2024 |
| Basis Of Allotment | 25th November 2024 |
| Initiation of Refunds | 26th November 2024 |
| Credit of Shares to Demat | 26th November 2024 |
| Listing Date | 27th November 2024 |
Fundamentals
Data as of 30th September 2024
| Market Cap | ₹91,000 Cr | P/E Ratio- Pre IPO | 234.97 |
| RoNW* | 2.14% | P/E Ratio- Post IPO | 259.56 |
| RoCE* | P/B Ratio | 9.89 | |
| Debt to Equity | 1.91 | PAT Margin | 16.20% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for September 2024. RoCE and RoNW are for six-month period ended September 30, 2024
NTPC Green Energy IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- 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; and
- General corporate purposes.
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