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NTPC Green Energy IPO Day 1 Highlights: Public offer subscribed 33%, retail portion booked 1.33x
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6 min read | Updated on November 19, 2024, 17:31 IST
SUMMARY
NTPC Green Energy IPO Day 1 Highlights: The ₹10,000 crore public offer is open for subscription. The initial share sale of the renewable energy arm of NTPC Ltd will conclude on Friday, November 22. The price band has been fixed at ₹102 to ₹108 per share.
NTPC Green Energy Ltd is a renewable energy giant with solar and wind power assets.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | -- |
| Non-institutional investors | 15% |
| Retail Individual Investors (RIIs) | 1.33 |
| Shareholders | 57% |
| Total | 33% |
- Debt repayment of subsidiary NTPC Renewable Energy Ltd
- General corporate purposes
The portion for shareholders mopped up 55% subscription, while the quota for retail investors got subscribed 1.30 times. The part for non-institutional investors fetched a 15% subscription.
The portion for shareholders fetched 53% subscription, while the category for Retail Individual Investors (RIIs) got subscribed 1.25 times. The quota for non-institutional investors attracted 13% subscription.
The price range has been fixed at ₹102-₹108 per share.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | -- |
| Non-institutional investors | 12% |
| Retail Individual Investors (RIIs) | 1.20 |
| Shareholders | 50% |
| Total | 29% |
Investors can bid for a minimum of one lot or 138 equity shares worth ₹14,904.
The portion for shareholders attracted 44% subscription, while the part for retail investors got subscribed 1.06 times. The category for non-institutional investors (NIIs) fetched a 10% subscription.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | -- |
| Non-institutional investors | 6% |
| Retail Individual Investors (RIIs) | 1 |
| Shareholders | 41% |
| Total | 24% |
| Particulars | FY22 | FY23 | FY24 | H1 FY25 |
|---|---|---|---|---|
| Revenue | ₹910 crore | ₹1,449 crore | ₹1,962 crore | ₹1,082 crore |
| Net Profit | ₹94.7 crore | ₹456 crore | ₹344 crore | ₹175 crore |
The portion for shareholders fetched 35% subscription, while the category for Retail Individual Investors (RIIs) got subscribed 84%. The quota for non-institutional investors attracted 7% subscription.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | -- |
| Non-institutional investors | 6% |
| Retail Individual Investors (RIIs) | 73% |
| Shareholders | 30% |
| Total | 17% |
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | -- |
| Non-institutional investors | 3% |
| Retail Individual Investors (RIIs) | 39% |
| Shareholders | 15% |
| Total | 9% |
NTPC Green Energy IPO opened for subscription at 10 am on Tuesday, November 19. The initial public offering of the renewable energy arm of NTPC Ltd will conclude on Friday, November 22. The price band has been fixed at ₹102 to ₹108 per share.
The ₹10,000-crore IPO is an entirely new offering of equity shares. It does not involve an offer-for-sale (OFS) component.
The fresh issue proceeds will be used to pay off the subsidiary's debt and for general corporate purposes.
On Monday, NTPC Green Energy collected ₹3,960 crore in the anchor round from investors such as New World Fund Inc, the Government of Singapore, Goldman Sachs Funds, the Life Insurance Corporation of India, Kotak Mutual Fund (MF), DSP MF, Nippon India MF, and ICICI Prudential MF.
The company allotted 36.66 crore shares to 107 funds at the upper end of the price band at ₹108 apiece, taking the transaction value to ₹3,960 crore.
NTPC Green Energy IPO: Lot size
Investors can bid for at least one lot, consisting of 138 shares, worth ₹14,904.
NTPC Green Energy IPO: Allotment and listing date
- Bidding period: November 19-November 22
- Basis of Allotment: November 25
- Credit of Shares to Demat account: November 26
- Listing on the NSE and the BSE: November 27
NTPC Green Energy is a renewable energy giant with solar and wind power assets. As of August 2024, the company's operational capacity included 3,071 megawatts (MW) from solar projects and 100 MW from wind projects.
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