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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 opens for subscription on November 19, 2024, and closes on November 22, 2024. The price band is set at ₹102 to ₹108 per share and the minimum lot size for an application is 138 Shares.
Company Summary
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.
Company Strengths
- Promoted by NTPC Limited, with its extensive experience in large-scale project execution, maintains strong relationships with off-takers 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 laborers.
Company Financials
| 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 | |||
Objectives of the IPO
The company proposes to utilise the Net Proceeds towards funding the following object
- 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.
Promoters of the company
The Promoters of our Company are the President of India, acting through the Ministry of Power, Government of India NTPC Limited. , NTPC Limited is a Shareholder of the Company and holds 7,500,000,000 equity Shares, representing 100.00% of the pre-issue issued, subscribed, and paid-up Equity Share capital of our Company.
IPO details
| IPO Date | November 19, 2024 to November 22, 2024 |
| Listing Date | Wednesday, November 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot Allocation details
| 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 |
Allotment Schedule
| Basis of Allotment | Monday, November 25, 2024 |
| Initiation of Refunds | Tuesday, November 26, 2024 |
| The 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 |
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 the Net Issue |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
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