{getButton} $text={IPO Allotment Satus} $icon={link} $color={#125ef66} {getButton} $text={Upcoming IPO With GMP} $icon={link} $color={#125ef66} {getButton} $text={Upcoming SME IPO With GMP} $icon={link} $color={#125ef66} {getButton} $text={Open Demat A/c (Dhan)} $icon={link} $color={#125ef66}
{tocify} $title={Table of Contents}
NTPC Green Energy IPO: Key Details, Dates, Price & More
Introduction
NTPC Green Energy Limited, a renewable energy company and subsidiary of NTPC Limited, is gearing up to launch its IPO. This IPO offers investors an opportunity to participate in the fast-growing renewable energy sector. Below, we’ve gathered all the key information about the NTPC Green Energy IPO, including subscription dates, price band, lot size, and financial highlights, to help you make an informed investment decision.
Key Details of NTPC Green Energy IPO
| Details | Description |
|---|---|
| IPO Size | ₹10,000 crores |
| Fresh Issue | 92.59 crore shares |
| Offer for Sale | Not applicable |
| Price Band | ₹102 - ₹108 per share |
| Minimum Lot Size | 138 shares per lot |
| Minimum Investment (Retail) | ₹14,904 |
| sNII Minimum Investment | 14 lots (1,932 shares) - ₹208,656 |
| bNII Minimum Investment | 68 lots (9,384 shares) - ₹1,013,472 |
| Listing on | BSE, NSE |
NTPC Green Energy IPO Dates
- Opening Date: November 19, 2024
- Closing Date: November 22, 2024
- Allotment Finalization Date: November 25, 2024
- Listing Date: November 27, 2024
About NTPC Green Energy Limited
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited, India’s largest power utility company. NTPC Green Energy focuses on renewable energy projects, pursuing opportunities through both organic growth (new projects) and inorganic growth (acquisitions). This aligns with NTPC's vision of increasing its renewable energy capacity, positioning NTPC Green Energy as a key player in India’s green energy transition.
NTPC Green Energy IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Qualified Institutional Buyers (QIB) | Not less than 75% of the Net Issue |
| Retail Individual Investors (RII) | Not more than 10% of the Net Issue |
| Non-Institutional Investors (NII) | Not more than 15% of the Net Issue |
Financial Performance of NTPC Green Energy Limited
NTPC Green Energy Limited has shown impressive financial growth in recent years. Here’s a quick look at its revenue and profit numbers:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue (₹ crores) | 1,132.74 | 2,037.66 | 170.63 |
| Profit After Tax (PAT) (₹ crores) | 175.30 | 344.72 | 171.23 |
Growth Highlights:
- Revenue Growth: NTPC Green’s revenue surged by 1094.19% between FY 2023 and FY 2024, demonstrating strong growth in its renewable energy business.
- Profit Growth: Profit after tax increased by 101.32%, indicating a positive trend in the company's financial performance.
Objectives of the NTPC Green Energy IPO
The proceeds from the NTPC Green Energy IPO will be used for the following purposes:
- Investment in Subsidiary: NTPC Green Energy intends to invest in its wholly-owned subsidiary, NTPC Renewable Energy Limited (NREL), for repaying or prepaying certain outstanding borrowings.
- General Corporate Purposes: A portion of the funds will be used for other corporate expenses, supporting the company’s overall growth strategy.
Pros of Investing in NTPC Green Energy IPO
- Strong Parent Company: As a subsidiary of NTPC Limited, NTPC Green Energy benefits from the stability and resources of a leading power utility.
- Growth in Renewable Energy: With India's focus on sustainable development, renewable energy companies like NTPC Green Energy are well-positioned for long-term growth.
- Impressive Financial Growth: The significant increase in revenue and profit reflects the company’s growth potential.
Cons of Investing in NTPC Green Energy IPO
- Industry Risks: The renewable energy sector is capital-intensive and may face regulatory and technological challenges.
- Dependency on NTPC: Being a subsidiary, NTPC Green Energy's performance and decisions may be influenced by NTPC Limited, which may impact its independence.
Frequently Asked Questions (FAQs) About NTPC Green Energy IPO
Q1: What are the NTPC Green Energy IPO dates?
The NTPC Green Energy IPO opens on November 19, 2024, and closes on November 22, 2024.
Q2: What is the price band for NTPC Green Energy IPO?
The IPO price band is set at ₹102 to ₹108 per share.
Q3: What is the minimum investment required for retail investors in NTPC Green Energy IPO?
Retail investors need to invest a minimum of ₹14,904, which corresponds to one lot of 138 shares.
Q4: When will the allotment for NTPC Green Energy IPO be finalized?
The allotment for NTPC Green Energy IPO is expected to be finalized on November 25, 2024.
Q5: What is the listing date for NTPC Green Energy IPO?
NTPC Green Energy IPO is expected to list on the BSE and NSE on November 27, 2024.
Q6: What are the objectives of NTPC Green Energy IPO?
The IPO proceeds will be used to invest in NTPC Renewable Energy Limited for loan repayment and for general corporate purposes.
Conclusion
The NTPC Green Energy IPO presents an exciting opportunity for investors interested in the renewable energy sector. With strong financials and the backing of NTPC Limited, NTPC Green Energy is well-positioned for growth in the green energy market. However, as with any investment, potential investors should carefully consider both the pros and cons and align their decisions with their financial goals.
Explore More: Check out our other IPO articles and investment insights to stay updated on the latest market opportunities.