NTPC Green Energy IPO

NiftyTrader • November 13, 2024

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NTPC Green Energy IPO opens for subscription on November 19, 2024 and closes on November 22, 2024. The allotment for the NTPC Green Energy IPO is expected to be finalized on Monday, November 25, 2024. NTPC Green Energy IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, November 27, 2024.

NTPC Green Energy IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (1,932 shares), amounting to ₹208,656, and for bNII, it is 68 lots (9,384 shares), amounting to ₹1,013,472.

NTPC Green Energy IPO is a book built issue of Rs 10,000.00 crores. The issue is entirely a fresh issue of 92.59 crore shares.

NTPC Green Energy IPO Details

IPO Date	November 19, 2024 to November 22, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹102 to ₹108 per share
Lot Size	138 Shares
Total Issue Size	925,925,926 shares (aggregating up to ₹10,000.00 Cr)
Fresh Issue	925,925,926 shares (aggregating up to ₹10,000.00 Cr)
Employee Discount	Rs 5 per share
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	7,500,000,000
Shareholding post-issue	8,425,925,926

NTPC Green Energy IPO Lot Size

Investors can bid for a minimum of 138 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	138	₹14,904
Retail (Max)	13	1794	₹193,752
S-HNI (Min)	14	1,932	₹208,656
S-HNI (Max)	67	9,246	₹998,568
B-HNI (Min)	68	9,384	₹1,013,472

NTPC Green Energy IPO Objectives

The company proposes to utilise the Net Proceeds towards funding 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
General corporate purpose.

About NTPC Green Energy Limited

Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.

As of August 31, 2024, the company had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states.

As of June 30, 2024, the company’s Portfolio consisted of 14,696 MW, including 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects.

As of June 30, 2024, the company had 15 off-takers across 37 solar projects and 9 wind projects.

As of June 30, 2024, the company is constructing 31 renewable energy projects in 7 states, totaling 11,771 MW.

Competitive Strength

Promted by NTPC Limited, with its extensive experience in large-scale project execution, maintains strong relationships with offtakers and suppliers and showcases significant financial strength.
As of June 2024, the company has a Portfolio of 14,696 MWs solar and wind projects.
Experienced team in renewable energy project execution.

As of June 30, 2024, the workforce comprised 234 employees, and the company utilised the services of 45 contract labourers.

NTPC Green Energy Limited Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023
Assets	32,408.30	27,206.42	18,431.40
Revenue	1,132.74	2,037.66	170.63
Profit After Tax	175.30	344.72	171.23
Net Worth	8,189.18	6,232.14
Reserves and Surplus	596.08	512.60	167.88
Total Borrowing	17,057.50	12,796.74
			Amount in ₹ Crore

NTPC Green Energy IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75% of the Net Issue
Retail Shares Offered	Not more than 10.00% of Net Issue
NII (HNI) Shares Offered	Not more than 15.00% of the Net Issue

NTPC Green Energy IPO Timeline

NTPC Green Energy IPO opens on November 19, 2024, and closes on November 22, 2024.

IPO Open Date	Tuesday, November 19, 2024
IPO Close Date	Friday, November 22, 2024
Basis of Allotment	Monday, November 25, 2024
Initiation of Refunds	Tuesday, November 26, 2024
A credit of Shares to Demat	Tuesday, November 26, 2024
Listing Date	Wednesday, November 27, 2024
Cut-off time for UPI mandate confirmation	5 PM on November 22, 2024