NTPC Green Energy IPO gmp, NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, has initiated its initial public offering (IPO) to raise ₹10,000 crore. The IPO opened for subscription on November 19, 2024, and is scheduled to close on November 22, 2024. The price band for the offering is set between ₹102 and ₹108 per equity share, with a face value of ₹10 each.
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Company Overview
Established in 2022, NGEL focuses on renewable energy projects, primarily in solar and wind power. As of August 31, 2024, the company operates 3,071 MW of solar projects and 100 MW of wind projects across multiple states in India. NGEL’s strategic initiatives align with India’s commitment to expanding its renewable energy capacity. NTPC Green Energy IPO gmp
NTPC Green Energy IPO gmp
IPO Details
- Issue Size: The IPO comprises a fresh issue of approximately 925.93 million equity shares, aggregating up to ₹10,000 crore.
- Price Band: The shares are offered at a price range of ₹102 to ₹108 per share. Economic Times Energy
- Lot Size: Investors can bid for a minimum of 138 shares and in multiples thereof. The minimum investment amount for retail investors is ₹14,904.
- Reservation: The IPO allocates not less than 75% of the shares to Qualified Institutional Buyers (QIBs), not more than 15% to Non-Institutional Investors (NIIs), and not more than 10% to retail investors. NTPC Green Energy IPO gmp
Financial Performance
NGEL has demonstrated significant growth in its financial metrics: NTPC Green Energy IPO gmp
- Revenue: Increased from ₹170.63 crore in FY23 to ₹2,037.66 crore in FY24. IPO Watch
- Profit After Tax (PAT): Rose from ₹171.23 crore in FY23 to ₹344.72 crore in FY24
Use of Proceeds NTPC Green Energy IPO gmp
The funds raised through the IPO are intended for: NTPC Green Energy IPO gmp
- Investment in NTPC Renewable Energy Limited (NREL), a wholly-owned subsidiary, to support ongoing and future projects.
- Repayment or prepayment of certain outstanding borrowings of NREL.
- General corporate purposes. NTPC Green Energy IPO gmp
Subscription Status and Investor Response
As of November 21, 2024, the IPO has received a favorable response: NTPC Green Energy IPO gmp
- Overall Subscription: 88% subscribed. India Infoline
- Retail Investors: Subscribed 2.24 times the allotted portion.
- Shareholder Category: Subscribed 94%.
- Qualified Institutional Buyers (QIBs): Subscribed 74%.
- Non-Institutional Investors (NIIs): Subscribed 30%.
Listing and Allotment NTPC Green Energy IPO gmp
- Allotment Date: Expected to be finalized on November 25, 2024.
- Listing Date: Tentatively scheduled for November 27, 2024, on both BSE and NSE.
Analyst Recommendations NTPC Green Energy IPO gmp
Analysts have provided varied recommendations:
- Arihant Capital Markets: “Subscribe for Long Term,” citing NGEL’s position as a leading renewable energy player and its growth potential. LiveMint
- SBI Securities: “Subscribe for Long Term,” highlighting the company’s exponential growth potential and expected financial performance over the next few years.
Conclusion
NTPC Green Energy Limited’s IPO represents a significant opportunity for investors to participate in India’s expanding renewable energy sector. The company’s robust financial growth, strategic alignment with national energy goals, and positive investor response underscore its potential. Prospective investors should consider the company’s financial health, market position, and the broader economic environment when making investment decisions.
NTPC Green Energy IPO Shareholder Quota Eligibility
The NTPC Green Energy IPO will have a special shareholders quota of NTPC. The shareholders must hold NTPC shares before the RHP filing for eligibility to apply in the shareholder’s quota. The record date for the shareholders of NTPC to apply under the shareholder’s quota is November 12, 2024, finalized as the RHP is filed on Tuesday. If the investor owns 1 share of NTPC as of the cut-off date, they are eligible to apply the NTPC Green Energy IPO in the shareholder’s quota.
NTPC Green Energy IPO Shareholder Quota Math
The latest update on NTPC Green Energy IPO, the shareholder’s quota math is as below. The shareholders of NTPC can apply with ₹2 lakh with the combination as follows:
- Shareholder Quota + Retail
- Shareholder Quota + SHNI
- Shareholder Quota + BHNI
Note: The investors will not be able to apply more than ₹2 lakh in shareholder quota. (As per online sources)
NTPC Green Energy IPO Details
| IPO Open Date: | November 19, 2024 |
| IPO Close Date: | November 22, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹102 to ₹108 Per Share |
| Issue Size: | Approx ₹10,000 Crores |
| Fresh Issue: | Approx ₹10,000 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| EMP Discount: | ₹5 Per Share |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
NTPC Green Energy IPO Market Lot
The NTPC Green Energy IPO minimum market lot is 138 shares with ₹14,904 application amount. The retail investors can apply up to 13 lots with 1,794 shares or ₹1,93,752 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 138 | ₹14,904 |
| Retail Maximum | 13 | 1,794 | ₹1,93,752 |
| S-HNI Minimum | 14 | 1,932 | ₹2,08,656 |
| B-HNI Minimum | 68 | 9,384 | ₹10,13,472 |
NTPC Green Energy IPO Dates
The NTPC Green Energy IPO date is November 19 and the close date is November 22. The NTPC Green Energy IPO allotment will be finalized on November 25 and the IPO listing on November 27.
| IPO Open Date: | November 19, 2024 |
| IPO Close Date: | November 22, 2024 |
| Basis of Allotment: | November 25, 2024 |
| Refunds: | November 26, 2024 |
| Credit to Demat Account: | November 26, 2024 |
| IPO Listing Date: | November 27, 2024 |
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