NTPC Green IPO Review
With the exception of hydro, NTPC Green Energy is the biggest public sector renewable energy company in India in terms of operational capacity. India’s lofty renewable energy aspirations are the target of its massive initial public offering (IPO), which launched today.
NTPC Green IPO Review : Latest Subscription
The NTPC Green Energy IPO is subscribed 0.19 times on November 19, 2024 12:13:09 PM (Day 1). The public issue subscribed 0.79 times in the retail category, 0.00 times in the QIB category, and 0.07 times in the NII category.
The NTPC Green Energy IPO is a Rs 10,000.00 crore book-built offering. This is a brand-new issue of shares worth 92.59 crore.
On November 19, 2024, the NTPC Green Energy IPO goes live for subscriptions, and it ends on November 22, 2024. On Monday, November 25, 2024, the allocation for the NTPC Green Energy IPO is anticipated to be finalized. The tentative listing date for the NTPC Green Energy IPO is set for Wednesday, November 27, 2024, and it will be listed on the BSE and NSE.
| Details | Information |
|---|---|
| IPO Date | November 19, 2024 to November 22, 2024 |
| Listing Date | [.] |
| 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) |
| Employee Discount | ₹5 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre Issue | 7,500,000,000 |
| Shareholding Post Issue | 8,425,925,926 |
NTPC Green Energy IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| IPO Open Date | Tuesday, November 19, 2024 |
| IPO Close Date | Friday, November 22, 2024 |
| Basis of Allotment | Monday, November 25, 2024 |
| Initiation of Refunds | Tuesday, November 26, 2024 |
| 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 |
NTPC Green Energy IPO Lot Size
Investors can bid for a minimum of 138 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 138 | ₹14,904 |
| Retail (Max) | 13 | 1,794 | ₹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 |
About NTPC Green Energy Limited
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.
Objects of the Issue (NTPC Green Energy IPO Objectives)
The company proposes to utilise the Net Proceeds towards funding the following objects
- 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.
NTPC Green Energy IPO – Review
NTPC Green Energy IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 14 | 1 | 0 |
| Members | 4 | 1 | 24 |
Buyers Suggestions : You can read the detailed view on : chittorgarh.com
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