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NTPC Green Energy IPO: Do you hold NTPC shares? If yes, here’s how you can benefit from the IPO

NTPC Green Energy's ₹10,000-crore IPO includes a shareholder quota. Retail investors, HNIs, and employees were eligible if they held NTPC shares by November 13.
NTPC Green Energy IPO: Do you hold NTPC shares? If yes, here's how you can benefit from the IPO

NTPC Green Energy IPO, a subsidiary of NTPC Ltd, is set to open for subscription from November 19 to 22. The ₹10,000-crore offering includes a shareholder quota, allowing NTPC shareholders to participate. Retail, HNIs, employees, and shareholders can apply, with eligibility determined by holding NTPC shares as of November 13.

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The IPO is priced at ₹102-108 per share, with applications starting at a lot size of 138 shares. The grey market premium (GMP) is trading at ₹2.5-3, indicating a 3% premium. NTPC Green Energy aims to raise significant interest, leveraging its parent company’s shareholder base.

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Aiming to invest ₹1 lakh crore in solar and wind assets by FY27, NTPC Green Energy has already received ₹7,500 crore in funding from NTPC Ltd. The IPO represents a significant step in enhancing renewable energy infrastructure and aligns with India’s green energy goals.

With a valuation target of ₹1 lakh crore, NTPC Green Energy seeks to bolster its renewable energy footprint. This offering, following Swiggy’s IPO, is among the largest in recent times, reflecting robust investor interest in the renewable energy sector.

Also Read: NTPC Green Energy IPO: Shares Open For Subscription On November 19

Shareholding pattern of NTPC Green Energy Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters51.151.151.1
FII18.617.6817.86
DII26.5127.5527.55
Retail & others3.793.663.48
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About NTPC Green Energy Limited:

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, focuses on developing renewable energy projects like solar and wind power. It aims to expand clean energy capacity, support India’s carbon emission reduction goals, and contribute to the country’s target of 500 GW of non-fossil fuel-based energy by 2030. NGEL also explores energy storage and hybrid solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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