NTPC Green Energy IPO GMP, Price, Date, Allotment

By
Mahesh Yadav
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4
NTPC Green Energy IPO Explained in 10 PointsNTPC Green Energy CompetitorsNTPC Green Energy IPO Subscription
NTPC Green Energy IPO GMP

NTPC Green Energy IPO Description – NTPC Green Energy, a wholly owned subsidiary of NTPC Limited, is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity and power generation as of 30 September 2024. Its renewable energy portfolio includes solar and wind power assets, with operations spread across more than six states, helping to mitigate the risk of location-specific generation variability.

As of 30 September 2024, NTPC Green Energy had an operational capacity of 3,220 MW in solar projects and 100 MW in wind projects across six states. The company strategically focuses on developing utility-scale renewable energy projects and projects for public sector undertakings (PSUs) and Indian corporates. As of 30 September 2024, NTPC Green Energy had 17 off-takers for 41 solar and 11 wind projects.

As of 30 September 2024, NTPC Green Energy’s portfolio totaled 16,896 MW, including 3,320 MW of operating projects and 13,576 MW of contracted and awarded projects. Additionally, the company had 9,175 MW of capacity in the pipeline. MOUs or term sheets had been signed with joint venture partners or off-takers, though definitive agreements were pending. Combining the portfolio and pipeline, the total capacity reached 26,071 MW.

NTPC Green Energy IPO Review

Promoters of NTPC Green Energy – President of India, Acting Through the Ministry of Power, Government of India, and NTPC Limited

NTPC Green Energy IPO Details

NTPC Green Energy IPO Dates19 – 22 November 2024
NTPC Green Energy Issue PriceINR 102 – 108 per share
(Employee Discount – INR 5 per share)
Fresh issueINR 10,000 crores
Offer For SaleNIL
Total IPO sizeINR 10,000 crores
Minimum bid (lot size)138 shares (INR 14,904)
Face Value INR 10 per share
Retail Allocation10%
Shareholder QuotaINR 1,000 crore
Listing OnBSE, NSE

NTPC Green Energy Financial Performance

 FY 2023FY 2024H1 FY 2025
Revenue169.691,962.601,082.29
Expenses118.091,549.46884.99
Net income171.23344.72175.30
Margin (%)100.9117.5616.20
Figures in INR Crores unless specified otherwise

NTPC Green Energy Offer News

NTPC Green Energy Valuations & Margins

FY 2023FY 2024 (Pre Issue)FY 2024 (Post-Issue)*
EPS0.230.460.42
PE Ratio–221.92 – 234.97245.14 – 259.55
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2023FY 2024
RONW (%)3.505.53
NAV6.528.31
EBITDA (%)89.7692.81
Debt/Equity–2.05
*Compiled by IPO Central from Prospectus

NTPC Green Energy IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
26 November 20243––
25 November 20242––
23 November 20241––
22 November 20242––
21 November 20242––
20 November 20242––
19 November 20242––
18 November 20242––
16 November 20243––
14 November 20243–300
13 November 20247–800
12 November 202415–1,200
11 November 202421–1,500
9 November 202425–5,000
8 November 202434–6,500
31 October 202434–6,500
9 October 202431–6,500
8 October 202435–6,500

NTPC Green Energy IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Investment in its subsidiary, NTPC Renewable Energy (NREL) for repayment/prepayment, in full or in part of certain outstanding borrowings availed by NREL – INR 7,500 crore
  • General corporate purposes

NTPC Green Energy – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
NTPC Green Energy259.550.425.538.311,962.6
Adani Green Energy259.836.2012.8162.089,220.0
ReNew Energy Global PLC47.059.923.94290.158,194.8

NTPC Green Energy IPO Allotment Status

NTPC Green Energy IPO allotment status is now available on Kfin Technologies’ website. Click on this link to get allotment status.

NTPC Green Energy IPO Dates & Listing Performance

IPO Opening Date19 November 2024
IPO Closing Date22 November 2024
Finalization of Basis of Allotment25 November 2024
Initiation of refunds26 November 2024
Transfer of shares to demat accounts26 November 2024
NTPC Green Energy IPO Listing Date27 November 2024
Opening Price on NSEINR 111.50 per share (up 3.24%)
Closing Price on NSEINR 121.65 per share (up 12.64%)

NTPC Green Energy IPO Reviews – Subscribe or Avoid?

Arete Securities – Subscribe
Anand Rathi – Subscribe for long term
Adroit Financial – Subscribe for long term
Arihant Capital – Subscribe for long term
Ashika Research – Not rated
BP Wealth – Subscribe
Capital Market – Apply
Canara Bank Securities – Subscribe
Choice Broking –
Cholamandalam Securities – Subscribe
Elite Wealth – Avoid
Geojit – Subscribe
HDFC Securities – Not rated
GEPL Capital – Subscribe for long term
Hem Securities –
ICICIdirect – Not rated
Investmentz –
Jainam Broking – Subscribe for long term
DR Choksey –
JM Financial – Not rated
Marwadi Financial – Subscribe
Mehta Equities – Subscribe for long term
Motilal Oswal –
Nirmal Bang – Neutral
Reliance Securities – Subscribe
Systematix Shares – Not rated
Samco Securities – Avoid
SBI Securities – Subscribe for long term
SMC Global – 2/5
Swastika Investmart – Subscribe
Ventura Securities – Subscribe

NTPC Green Energy Offer Lead Manager

IIFL SECURITIES LIMITED
24th Floor, One Lodha Place, Senapati Bapat Marg,
Lower Parel (West) Mumbai 400 013 Maharashtra
Phone: +91 22 4646 4728
Email: [email protected]
Website: www.iiflcap.com

NTPC Green Energy Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222/ 1800 309 4001
Email: [email protected]
Website: www.kfintech.com

NTPC Green Energy Contact Details

NTPC GREEN ENERGY LIMITED
Renewable Building Netra Complex, E3 Main
Market Road Ecotech II Udyog, I.A. Surajpur,
Gautam Buddha Nagar, Noida, Uttar Pradesh, 201306
Phone: +91 11 2436 2577
Email: [email protected]
Website: www.ngel.in

NTPC Green Energy IPO FAQs

How many shares in NTPC Green Energy IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply for NTPC Green Energy Public Offer?

The best way to apply for NTPC Green Energy’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is NTPC Green Energy IPO GMP today?

NTPC Green Energy IPO GMP today is INR 2 per share.

What is NTPC Green Energy’s kostak rate today?

NTPC Green Energy’s kostak rate today is INR NA per application.

What is NTPC Green Energy Subject to Sauda rate today?

NTPC Green Energy’s subject-to-Sauda rate today is INR NA per application.

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