NTPC Green Energy IPO DetailsNTPC Green Energy Limited IPO DateAccording to the offer document filed by the company with the SEBI, the NTPC Green Energy IPO’s opening date – in other words, the NTPC Green Energy IPO launch date – is November 19. The NTPC Green Energy IPO closing date is November 22. After this, investors will be updated about the allotment status on November 25. Investors who have been allotted shares can expect them to be credited to their demat account on November 26. The NTPC Green Energy IPO listing date is November 27. The listing date is the date on which a company's shares are listed on the bourses—NSE and BSE. NTPC Green Energy IPO Price Band The IPO is a fresh issue. The NTPC Green Energy IPO price band is ₹102 to ₹108. Interested investors can choose a price within this band to apply for the IPO. The NTPC Green Energy IPO listing price will be discovered on the listing day on November 27. The listing price is the price at which a company’s shares debut on the stock exchanges. NTPC Green Energy IPO Lot Size The NTPC Green Energy IPO lot size is 138 shares, and an investor can apply for a minimum of 1 lot. Meanwhile, the NTPC Green Energy IPO issue size is approx. ₹10,000 crore. |
About NTPC Green Energy
Incorporated in 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited. It is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of 30 September 2024 and power generation in FY24. NTPC Green Energy, along with its parent company, NTPC Limited, has demonstrated a track record of developing, constructing and operating renewable power projects driven by experienced in-house management and procurement teams. Its energy portfolio includes solar and wind power assets in multiple locations in more than six states. It has an operational capacity of 3,220 MW of solar projects and 100 MW of wind projects as of 30 September 2024. The company undertakes utility-scale renewable energy projects, as well as projects for public sector undertakings (PSUs) and Indian corporations. It has entered into long-term power purchase agreements (PPAs) or Letters of Award (LoAs) with central government agencies like the Solar Energy Corporation of India (SECI) or state government agencies or public utilities. It also offers operating and maintenance services. As of 30 September 2024, the company’s portfolio comprised 16,896 MWs, including 3,320 MWs of operating projects and 13,576 MWs of contracted and awarded projects. In addition, its capacity under pipeline, where a definitive agreement has yet to be signed, is 9,175 MWs. Hence, the overall capacity could stand at 26,071 MWs upon execution of ongoing projects. In FY24, the company generated 5,712.48 kWh million of electricity with a capacity utilisation factor of 23.86%. As of 30 September 2024, NTPC Green operates 17 solar projects and 2 wind projects to generate 3,242 kWh million electricity units. Moreover, the company has 17 offtakers across 41 solar projects and 11 wind projects. It has long-term PPAs with these power offtakers, which have an average term of 25 years. Furthermore, as of 30 June 2024, NTPC Green Energy is in the process of constructing 31 renewable energy projects in seven states, consisting of 11,771 MW. It has also signed joint venture agreements to produce renewable power with Indian Oil Corporation Limited and three other PSUs. Between FY22 and FY24, it saw a CAGR rise of over 29% in its revenue from operations and 53.7% in its profit. Moreover, renewable energy is a growing industry as India aims to achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030, which could benefit the company. Now, NTPC Green Energy Limited is launching its initial public offer (IPO). The total IPO issue size is ₹10,000 crore, comprising entirely the fresh issue. Its shares will be listed on the NSE and BSE. Company Name: NTPC Green Energy Limited Company Established On: 2022 Company Type: Private CEO/MD: Rajiv Gupta Financial snapshot
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NTPC Green Energy IPO AnalysisStrengths and opportunities
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How to apply for the NTPC Green Energy IPO?If you are interested to invest in NTPC Green Energy IPO, following are the steps to apply:
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Pre-applying for the NTPC Green Energy IPO means applying for this public issue before it goes live.
You can pre-apply for the NTPC Green Energy IPO from November 18. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the NTPC Green Energy IPO opens for the subscription.
The NTPC Green Energy IPO launch date is November 19. The NTPC Green Energy IPO will be open for subscription till November 22.
The NTPC Green Energy lot size is 138 shares, and the minimum investment required is ₹14076 per lot at the lower end of the price band.
The NTPC Green Energy IPO price band is between ₹102 and ₹108 per share.
The size of the NTPC Green Energy IPO is to approx. ₹10000 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on November 26.
NTPC Green Energy shares will be on NSE and BSE.
NTPC Green Energy shares’ listing date is 27 November, 2024.
NTPC Green Energy IPO’s employee discount is ₹5 per share.