| NTPC Green Energy IPO GMP | NTPC Green Energy IPO Explained in 10 Points | NTPC Green Energy Competitors | NTPC Green Energy IPO Subscription |
NTPC Green Energy IPO subscription starts on 19 November 2024 and will close on 22 November 2024. NTPC Green Energy plans to raise around INR 10,000 crores via the IPO. The price band is fixed at INR 102 – 108 per share. Additionally, there is an employee discount of INR 5 per share. NTPC Green Energy IPO market lot has 138 shares, and the minimum application amount is INR 14,904. The retail quota is 10%, QIB is 75%, and NII is 15%.
Check NTPC Green Energy IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find NTPC Green Energy IPO Subscription Status segregated by days and investor categories.
NTPC Green Energy IPO Subscription Status – Live Updates
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
NTPC Green Energy – Business Background
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.
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Investor Categories in NTPC Green Energy IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of NTPC Green Energy IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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NTPC Green Energy IPO Subscription Status FAQs
When will the NTPC Green Energy IPO subscription start?
NTPC Green Energy IPO subscription starts on 19 November and ends on 22 November 2024.
How to subscribe to NTPC Green Energy IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will NTPC Green Energy IPO be listed?
NTPC Green Energy IPO will be listed on 27 November 2024, on the BSE and NSE stock exchanges.
