NTPC Green Energy Limited, a subsidiary of NTPC, is bringing one of the most anticipated IPOs in India’s green energy sector. With a focus on renewable power and sustainability, NTPC Green Energy aims to raise funds to support expansion and solidify its place in the booming green energy market. Let’s break down the NTPC Green Energy IPO date, price, and details so you can make an informed investment decision.
NTPC Green Energy IPO Date 2024: Key Dates to Remember
The NTPC Green Energy IPO will be open for subscription from November 19 to November 22, 2024. Here are the key dates:
- IPO Open Date: Tuesday, November 19, 2024
- IPO Close Date: Friday, November 22, 2024
- Basis of Allotment: Monday, November 25, 2024
- Refund Initiation: Tuesday, November 26, 2024
- Credit of Shares to Demat: Tuesday, November 26, 2024
- Listing Date: Wednesday, November 27, 2024
- UPI Mandate Cut-Off Time: 5 PM, November 22, 2024
NTPC Green Energy IPO Size and Structure
The NTPC Green IPO is a ₹10,000 crore book-built offering, one of the biggest in the renewable energy sector. This includes a fresh issue of shares worth ₹92.59 crore.
NTPC Green Energy IPO Size and Structure
The NTPC Green Energy IPO price band is set between ₹102 and ₹108 per share. The minimum lot size is 138 shares, which means retail investors need to invest a minimum of ₹14,904 for one lot.
For large investors:
- Big Non-Institutional Investors (NII) need to buy at least 68 lots (9,384 shares), costing ₹1,013,472.
- Small NII investors can purchase 14 lots (1,932 shares) for a minimum investment of ₹208,656.
NTPC Green Energy IPO Details: Company Background
Established in April 2022, NTPC Green Energy Limited is a fully-owned subsidiary of NTPC Limited, India’s largest power company. The company specializes in developing renewable energy projects using both organic and inorganic growth methods. As a green energy-focused company, NTPC Green is dedicated to leading India’s transition towards sustainable power sources.
NTPC Green Energy IPO Date and Price Details: Objectives of the IPO
The proceeds from the NTPC Green Energy IPO will primarily fund its subsidiary NTPC Renewable Energy Limited (NREL) to repay certain borrowings and for general corporate purposes. This infusion of capital will allow NTPC Green to reduce debt and expand its operations in the green energy sector, positioning itself as a leading player in renewable power generation.
NTPC Green Energy IPO Date 2024: Financial Overview
NTPC Green Energy Limited has shown remarkable growth, with revenue increasing by 1094.19% and profit after tax (PAT) growing by 101.32% between March 31, 2023, and March 31, 2024. Here’s a summary of their recent financials:
Here’s a summary of their recent financials:
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | PAT (₹ Cr) | Net Worth (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|
| Period Ended30 Sep 2024 | Assets (₹ Cr)32,408.30 | Revenue (₹ Cr)1,132.74 | PAT (₹ Cr)175.30 | Net Worth (₹ Cr)8,189.18 | Total Borrowing (₹ Cr)17,057.50 |
| Period Ended31 Mar 2024 | Assets (₹ Cr)27,206.42 | Revenue (₹ Cr)2,037.66 | PAT (₹ Cr)344.72 | Net Worth (₹ Cr)6,232.14 | Total Borrowing (₹ Cr)12,796.74 |
| Period Ended31 Mar 2023 | Assets (₹ Cr)18,431.40 | Revenue (₹ Cr)170.63 | PAT (₹ Cr)171.23 | Net Worth (₹ Cr)NA | Total Borrowing (₹ Cr)NA |
These impressive numbers reflect the company’s strong financial health and growth potential in India’s expanding green energy market.
Key Performance Metrics
The NTPC Green Energy IPO market capitalization is estimated at ₹91,000 crore. Here are some other key performance indicators:
- Return on Equity (ROE): 7.39%
- Debt-to-Equity Ratio: 1.91
- Return on Net Worth (RoNW): 2.14%
- Price-to-Book Value (P/BV): 9.89
- PAT Margin: 16.2%
NTPC Green Energy IPO: Peer Comparison
NTPC Green Energy has strong competitors in the market. Here’s a look at how it compares with its main rivals, Adani Green Energy Ltd and ReNew Energy Global PLC:
| Company | EPS (Basic) | NAV (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| CompanyNTPC Green Energy Ltd | EPS (Basic)0.73 | NAV (₹)10.90 | P/E (x)NA | RoNW (%)5.53 | P/BV Ratio9.91 |
| CompanyAdani Green Energy Ltd | EPS (Basic)6.21 | NAV (₹)62.08 | P/E (x)259.83 | RoNW (%)12.81 | P/BV Ratio28.82 |
| CompanyReNew Energy Global | EPS (Basic)9.94 | NAV (₹)290.15 | P/E (x)47.05 | RoNW (%)3.94 | P/BV Ratio1,61 |
The numbers indicate NTPC Green Energy’s potential growth, though investors should consider its current standing in comparison to established players.
NTPC Green Energy IPO: Peer Comparison
A primary risk is NTPC Green’s heavy dependence on a small group of buyers. In the fiscal year 2024, 87% of its revenue came from its top five customers, with one accounting for nearly 50% of revenue. Losing any major client or if their financial health declines, it could impact NTPC Green’s performance.
NTPC Green Energy IPO Date and Price: Grey Market Premium (GMP)
According to Investorgain, the NTPC Green Energy IPO GMP currently stands at ₹3. This suggests that NTPC Green Energy shares could list at ₹111, about 2.78% higher than the upper IPO price band of ₹108. GMP is an indicator of market sentiment before an IPO’s actual listing, and though it’s not a guarantee, it does reflect investor interest.
Why Invest in NTPC Green Energy IPO?
With India’s shift towards green energy, NTPC Green is well-positioned to capture a share of this rapidly growing market. Here’s a summary of why this IPO stands out:
- Strong Sector Growth: Renewable energy is one of India’s fastest-growing sectors.
- Solid Financials: Impressive revenue and profit growth in recent years.
- Competitive Pricing: The IPO price band is attractive compared to industry peers.
- Expansion Plans: Proceeds from the IPO will go towards funding further growth and debt reduction.
However, given the concentrated customer base and potential risks, it’s always wise to consult with a financial advisor before investing.
According to Investorgain, the NTPC Green Energy IPO GMP currently stands at ₹3. This suggests that NTPC Green Energy shares could list at ₹111, about 2.78% higher than the upper IPO price band of ₹108. GMP is an indicator of market sentiment before an IPO’s actual listing, and though it’s not a guarantee, it does reflect investor interest.
Disclaimer: The information presented in this article is for informational purposes only and should not be considered financial advice. Investors are encouraged to perform their own analysis and seek professional guidance before making investment decisions.
Q7 Trading Solutions pioneers in algorithmic trading with tailored strategies for Stock options and Index options. Harnessing the power of AI and Big Data, we deliver precision in technical analysis using statistics & mathematical modeling, providing a reliable path to optimize trading outcomes. You can learn more about its prowess by joining our 28k+ strong community absolutely for FREE.
Tags
