Noida based Renewable Energy Company NTPC Green Energy files DRHP with SEBI for the proposed IPO; Key Details here

NTPC Green Energy is into Power and Energy Renewable Energy and is looking raise funds through Fresh Issue

NTPC Green EnergyIPO: Fresh Issue of Equity shares aggregating up to Rs.10000 crores IPO

NTPC Green Energy IPO: NTPC Green Energy Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 10 per share via initial public offering.

Promoters of NTPC Green Energy are President of India acting through Ministry of Power, Govt of India and NTPC Limited and holds 100% stake in the company.

Key Details:

• Initial Public Offer comprising of a Fresh Issue of Equity Shares aggregating up to Rs 10,000 crores.
• IDBI Capital Markets, HDFC Bank, IIFL Securities, Nuvama Wealth Management have been appointed as lead merchant bankers for the proposed IPO.
• It has appointed KFin Technologies Ltd. as Registrar and Share transfer Agent.
• Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Fresh Issue aggregating Rs. 10,000 Crs andby Nil as issue is completely fresh issue...

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Objects of the issue:
1) Towards repayment/pre-payment of borrowings amounting to Rs 7,500 cr., and 2) General corporate purposes.

About Company:
Established in 2022, NTPC Green Energy is a subsidiary of NTPC Limited (PSU). It is the amongst one of the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of Q1FY25 and power generation in FY24. Its enewable energy portfolio encompasses solar and wind power assets with presence across multiple locations in more than six states which helps mitigate the risk of location-specific generation variability. Current operational capacity was 3,071 MW of solar projects and 100 MW of wind projects across six states as of Aug'24.

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About Industry:
Renewable energy represents a significant and growing industry in India. Globally, India ranks fourth in total renewable energy, wind as well as solar installations. (Source: CRISIL Report, September 2024). Installed capacity of renewable energy sources have increased from 63 GW in Fiscal 2012 to 123 GW in Fiscal 2021 to approximately 191 GW (including large hydro) in March 2024. (Source: CRISIL Report, September 2024). As of March 2024, installed grid connected renewable energy generation capacity (including large hydro) in India constituted approximately 43% of the total installed generation base in India, and this growth has been led by solar power.

Source: SEBI, BSE, NSE, DRHP, NTPC Green Energy, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.