NTPC Green Energy Limited is coming up with an IPO with a fresh issue of 92.59 crore shares worth INR 10,000 crores. The company aims to invest in NREL to reduce debt and support general corporate purposes.
NTPC Green Energy IPO – Important Dates
| NTPC Green Energy Limited IPO Date | November 19, 2024 to November 22, 2024 |
| NTPC Green Energy Limited IPO Listing Date | November 27, 2024 |
| NTPC Green Energy Limited IPO Price | INR 102-108 per share |
| NTPC Green Energy Limited IPO Lot Size | 138 Shares |
| NTPC Green Energy Limited IPO Total Issue Size | INR 10,000 crores |
| NTPC Green Energy Limited IPO Basis of Allotment | November 25, 2024 |
| NTPC Green Energy Limited IPO Initiation of Refunds | November 26, 2024 |
| NTPC Green Energy Limited IPO Credit of Shares to Demat | November 26, 2024 |
| NTPC Green Energy Limited IPO Issue Type | Book Built Issue IPO |
| NTPC Green Energy Limited IPO Listing At | BSE NSE |
Read more about NTPC Green Energy IPO GMP
NTPC Green Energy Limited IPO – Company Profile
NTPC Green Energy Limited, a subsidiary of NTPC, leads India’s renewable energy sector with 3,171 MW capacity across solar and wind projects, supplying power via long-term PPAs with central and state agencies and public utilities.
Rated capacity measures a power plant’s maximum output without surpassing design limits. “Megawatts Operating” indicates operational capacity, while ” Megawatts Contracted & Awarded” includes capacity with signed PPAs or auction-awarded LoAs.
With extensive renewable energy expertise, NTPC Group executes solar and wind projects using turnkey EPC models. Advanced O&M technologies maximize efficiency, while experienced leadership and innovative practices ensure long-term performance and reliability.
Read more about NTPC Renewable Energy Ltd IPO GMP Today
NTPC Renewable Energy Ltd IPO Fundamental Analysis
NTPC Green Energy Limited’s financial analysis reveals a mixed performance. Revenue has declined year-over-year while equity and liabilities grew. Profitability, EPS, and RoNW decreased, though asset growth indicates potential expansion in business operations.
- Revenue Trend: The revenue increased from ₹1,696.90 million in March 2022 to ₹19,625.98 million in March 2023. The revenue for the current year’s 3-month period ending June 2024 is INR 5,784.42 million.
- Equity and Liabilities: Both equity and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has decreased from ₹1,712.28 million in March 2022 to ₹1,386.11 million by June 2024. This decline in profitability could be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹4.66 in March 2022 to ₹0.24 by June 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 4.85% to 2.18%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Check out the other upcoming IPOs this month:
| Upcoming IPO | IPO Going Live |
| Rosmerta Digital Services Limited IPO | N/A |
| Avanse Financial Services Limited IPO | N/A |
| Nisus Finance Services Co Limited IPO | N/A |
| Lamosaic India Limited IPO | Nov 21, 2024 |
| Enviro Infra Engineers Limited IPO | Nov 22, 2024 |
| C2C Advanced Systems Limited IPO | Nov 22, 2024 |
| Rajesh Power Services Limited IPO | Nov 25, 2024 |
| Rajputana Biodiesel Limited IPO | Nov 26, 2024 |
| Apex Ecotech Limited IPO | Nov 27, 2024 |
NTPC Green Energy IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 June 2024 |
| Revenue (₹ in million) | 1,696.90 | 19,625.98 | 5,784.42 |
| Equity (₹ in million) | 48,874.90 | 62,322.11 | 63,708.22 |
| Expenses (₹ in million) | 1,180.87 | 15,494.57 | 4,239.78 |
| Profit and Loss After Tax (₹ in million) | 1,712.28 | 3,447.21 | 1,386.11 |
| Diluted EPS only (₹) | 4.66 | 0.73 | 0.24 |
| Return on Net Worth (%) | 4.85 | 3.50 | 2.18 |
| NAV per Equity Share (₹) | NA | 10.36 | 11.14 |
| Total Assets (in million) | 1,84,313.95 | 2,72,064.22 | 2,87,754.04 |
| Total Liabilities (in million) | 1,35,439.05 | 2,09,742.11 | 2,24,045.82 |
NTPC Green Energy Limited IPO Peer Comparison
NTPC Green Energy, Adani Green Energy, and ReNew Energy Global show varied financial metrics, with NTPC having the lowest price-to-book and earnings per share. Adani leads in price-to-book ratio, while ReNew has the highest price-to-earnings.
| Company | Revenue from Operations (₹ in million) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV (₹ per share) |
| NTPC Green Energy Limited | 19,625.98 | 10 | – | 0.73 | 0.73 | 5.53 | 10.90 |
| Adani Green Energy Limited | 92,200 | 10 | 288.36 | 6.21 | 6.20 | 12.81 | 62.08 |
| ReNew Energy Global PLC | 81,948 | USD 0.0001 | 52.87 | 9.94 | 9.92 | 3.94 | 290.15 |
NTPC Renewable Energy Ltd IPO Objective
The main objective of NTPC Green Energy Limited is to invest in its subsidiary, NTPC Renewable Energy Limited, to support repayment or prepayment of outstanding borrowings, strengthening NREL’s financial position and operational capacity.
- Investment in their wholly-owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in whole or in part of certain outstanding borrowings availed by NREL: The company intends to utilize INR 7,500 crores to repay or prepay NREL’s borrowings, reduce debt servicing costs, enhance debt-to-equity ratios, and increase capacity for future growth and expansion opportunities.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including strategic initiatives, partnerships, capital expenditure, interest payments, employee expenses, administration costs, insurance, maintenance, taxes, and other routine business expenses.
NTPC Green Energy IPO Risks And Challenges
NTPC Green Energy Limited’s risk includes dependence on key off-takers, reliance on third-party suppliers for essential components, and potential cost overruns or project delays, which may adversely affect operations, finances, and growth prospects.
- The company’s revenue depends significantly on its top nine off-takers, mainly government agencies and utilities, which could impact operations if contractual obligations, financial conditions, or government policies change.
- The company’s operations and profitability rely on third-party suppliers for solar modules, cells, wind turbines, and essential components; supply disruptions or price volatility could impact project timelines and financial outcomes.
- Cost overruns or delays in renewable energy projects could affect operations, finances, and cash flow. Future growth depends on the successful execution of current projects, and failure to do so may impact financial stability.
NTPC Renewable Energy Ltd IPO – Industry & Market Potential
India’s energy demand surged from 441 Mtoe in 2000 to 880 Mtoe in 2021. The government is enhancing electricity access and clean cooking solutions while integrating renewable energy and advancing market reforms through 2030 and beyond.
India’s metro rail network is expanding rapidly, with 712 km under construction and 1,878 km proposed, which are projected to increase power demand by 5-6 BUs annually from fiscal 2025 to 2029, alongside rising EV adoption boosting demand further.
India’s inter-regional transmission capacity is set to grow from 118,740 MW to approximately 150,000 MW by 2030, supporting the government’s goal of 500 GW from non-fossil fuels and increasing renewable energy’s share to ~62% by fiscal 2029.
NTPC Green Energy Limited IPO – Type of Offer
NTPC Green Energy Limited is coming up with an IPO with a fresh issue of 92.59 crore shares worth INR 10,000 crores. The company aims to invest in NREL to reduce debt and support general corporate purposes.
NTPC Green Energy IPO Offer Size
The offer size of NTPC Green Energy Limited is INR 10,000 crores, consisting of a fresh issue of 92.59 crore shares worth INR 10,000 crores. The company aims to invest in NREL to reduce debt and support general corporate purposes.
NTPC Green Energy Limited IPO Allotment Structure
NTPC Green Energy Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for NTPC Green Energy IPO?
To apply for the NTPC Green Energy Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the NTPC Green Energy Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the NTPC Green Energy Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check NTPC Green Energy IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the NTPC Green Energy Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the NTPC Green Energy Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you contact our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the NTPC Green Energy Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the NTPC Green Energy Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
NTPC Green Energy Ltd IPO Offer Registrar
The registrar for the NTPC Green Energy Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited
Selenium Tower B, Plot No.31-32 Gachibowli,
Financial District Nanakramguda,
Serilingampally Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222/ 1800 309 4001
E-mail: [email protected]
Website: www.kfintech.com
NTPC Green Energy IPO – FAQs
1. What is the allotment date of the NTPC Green Energy IPO?
The allotment date of NTPC Green Energy Limited is November 25, 2024.
2. What is the price band of the NTPC Green Energy IPO?
The price band of the issue is INR 102-108 per share.
3. What is the size of the NTPC Green Energy IPO?
The offer size of NTPC Green Energy Limited is INR 10,000 crores, consisting of a fresh issue of 92.59 crore shares worth INR 10,000 crores. The company aims to invest in NREL to reduce debt and support general corporate purposes.
4. What is the listing date of the NTPC Green Energy IPO?
The listing date of NTPC Green Energy Limited is November 27, 2024.
5. Where is the NTPC Green Energy IPO Getting Listed?
NTPC Green Energy Limited is getting listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
6. What are the open and close dates of the NTPC Green Energy Limited IPO?
The open and close dates of NTPC Green Energy Limited are November 19, 2024 to November 22, 2024.
7. How to apply for NTPC Renewable Energy Ltd IPO in Alice Blue?
To apply for the NTPC Green Energy Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the NTPC Green Energy Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the NTPC Green Energy Limited IPO at Alice Blue in just a few clicks!
8. Who are the Book Runners for the NTPC Green Energy IPO?
The Book Runners for NTPC Green Energy Limited are IDBI Capital Markets & Securities
Limited, HDFC Bank Limited, IIFL Securities Limited and Nuvama Wealth Management Limited.
