NTPC Green Energy is into Power and Energy Renewable Energy sector and is looking raise funds through Fresh Issue
IPO Summary
NTPC Green Energy IPO is a public offering of shares by President of India acting through Ministry of Power, Govt of India and NTPC Limited. The IPO will open on November 19 and will close on November 22. The price band is ₹102 to ₹108 per share and the lot size is 138 shares. The issue size is ₹10,000. crore. The shares are expected to be listed on NSE, BSE on November 27 (^). Some additional information that you may find useful are: : (**) - based on higher price band (^) indicative datePromoters of the company are President of India acting through Ministry of Power, Govt of India and NTPC Limited Currently promoters hold 100% stake in the company. While post-equity promoters stake will be 89.01%
- Company aims to raise between Rs 10,000 to 10,000 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Towards repayment/pre-payment of borrowings amounting to Rs 7,500 cr. and 2) General corporate purposes
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 18-Nov-24.
- Price band for the IPO has been fixed at Rs 102 to 108 per share and bid lot are in multiple of 138 shares. The implied market cap post-issue at Rs 86,500 to 91,000 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on November 25 and share are expected to be listed on NSE, BSE on November 27.
- Company has direct peer competition in India'a Renewable energy sector. In Listed space peers include Adani Green Energy Limited and ReNew Energy Global PLC (Listed at Nasdaq) among others.
- IDBI Capital Markets, HDFC Bank, IIFL Securities, Nuvama Wealth Management has been appointed as Merchant Banker to the issue. KFin Technologies Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of NTPC Green Energy IPO:
| NTPC Green Energy Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 2022 | Noida | Power and Energy | Renewable Energy |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh) | Book Building | 27-Nov-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 19-Nov-24 to 22-Nov-24 | ₹ 102 to 108 per sh | ₹ 10 per sh | 138 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 138 shares ₹ 14,904 | 1,794 shares up to ₹ 193,752 | 1,932 to 9,246 shares ₹ 208,656 to 998,568 | 9,384 shares and above ₹ 1,013,472 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About NTPC Green Energy Limited
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 3,220 MW of solar projects and 100 MW of wind projects across six states as of Q2FY25.
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 and 201 GW in September 2024. (Source: CRISIL Report, September 2024). As of March 2024, installed grid connected renewable energy generation capacity (including large hydro) in India constituted approximately 45% of the total installed generation base in India, and this growth has been led by solar power.
| NTPC Green Energy Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 18-Nov-24 |
| IPO Open | 19-Nov-24 |
| IPO Close | 22-Nov-24 |
| Allotment | 25-Nov-24 |
| Credit of Shares | 26-Nov-24 |
| Refund | 26-Nov-24 |
| Listing | 27-Nov-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| NTPC Green Energy Limited IPO - Management Details: | |
|---|---|
| Gurdeep Singh, Chairman and Managing Director He has also been the Chairperson and Managing Director of NTPC Limited since 2016. He holds a bachelor’s degree in science (mechanical engineering) from Kurukshetra University and has completed management education programme from Indian Institute of Management, Ahmedabad. He is also Chairman and Managing Director of North-Eastern Electric Power Corporation Limited, a wholly owned subsidiary of NTPC Limited. Prior to joining NTPC Limited, he was Managing Director of Gujarat State Electricity Corporation Limited. | |
| Jaikumar Srinivasan, Director (Finance) He is also Director (Finance) of NTPC Limited. He is an associate member of the Institute of Cost and Work Accountants of India and holds a bachelor’s degree in commerce from the Nagpur University. He has served as a Director (Finance) at NLC India Limited, Director (Finance) at Mahavitaran and Director (Finance) at Maharashtra State Power Generation Company Limited. | |
| Shanmugha Sundaram Kothandpani, Director (Projects) He is also Director (Projects) of NTPC Limited. He holds a bachelors’ degree in engineering (electronics and communication) from Faculty of Engineering, Bharathiar University and post graduate diploma in business management from Management development Institute, Gurgaon, India. He is associated with NTPC Limited since August 31, 1988 and has more than 36 years of diverse and versatile experience in project as well as commissioning stages of operating and maintaining vast fleet of power stations. | |
| Neeraj Sharma, Chief Financial Officer He has been associated with NTPC Limited since October 7, 1998. He holds a bachelor’s degree in commerce from Panjab University. He is a member of Institute of Chartered Accountants of India. He has over 25 years of experience in the power sector. | |
| Manish Kumar, Company Secretary and the Compliance Officer He has been associated with NTPC Limited since November 08, 2005. He holds a bachelor’s degree in science (honours) from Magadh University and a bachelor’s degree in laws from the University of Delhi. He is a member of the Institute of Company Secretaries of India. Prior to joining our Company, he was associated with Cenlub Industries Limited as a Company Secretary. | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| NTPC Green Energy Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 75 | NA | 610,436,893 | NA | 6,592.72 |
| Non-Retail (NII) | 15 | NA | 122,087,379 | NA | 1,318.54 |
| Non-Retail (NII): >Rs10L | NA | 81,391,586 | NA | 879.03 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 40,695,793 | NA | 439.51 | |
| Retail | 10 | NA | 81,391,586 | NA | 879.03 |
| Employee | NA | 19,417,476 | 200. | 200. | |
| Shareholder | NA | 92,592,593 | . | 1,000. | |
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| NTPC Green Energy Limited - IPO Merchant Bankers: |
|---|
| IDBI Capital Markets |
| HDFC Bank |
| IIFL Securities |
| Nuvama Wealth Management |
| NTPC Green Energy Limited - IPO Registrar & Transfer Agent (RTA): |
|---|
| KFin Technologies Ltd. Selenium, Tower B, Plot No 31 and 32, Financial District, Nanakramguda, Serilingampally HYDERABAD TELANGANA 500032 |
Check IPO Allotment status of NTPC Green EnergyIPO:
| NTPC Green Energy Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| NTPC Green Energy Limited - Documents | |
|---|---|
Disclaimer:
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| Source: SEBI, BSE, NSE |
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