NTPC Green Energy Ltd IPO Highlights
NTPC Green Energy Ltd, is going to launch its Initial Public Offering. Its opening date is 19 November, 2024. It will be closed on 22 November, 2024. This is going to be a book built issue. Through its first public offering, the company aims to collect about ₹ 10000 crores. The IPO will be a Complete fresh issue of 925925926 equity shares of face value of ₹10. The price band of NTPC Green Energy Ltd issue is between ₹102 to ₹ 108 per share.
NTPC Green Energy Ltd IPO Detail
| IPO Opening and Closing Date | November 19, 2024 to November 22, 2024 |
| IPO Price Range | ₹ 102 to ₹ 108 Per Share |
| Face Value of Share | ₹ 10 Per Share |
| Net Issue Size Offered | 925925926 Equity Shares amounting up to ₹10000 Cr. |
| Fresh Issue | 925925926 Equity Shares amounting up to ₹10000 Cr. |
| Offer For Sale | N/A |
| Listing at | BSE & NSE |
| Issue Type | Book Built Issue IPO |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Tentative Date Schedule of the Proposed Issue
| IPO Opening Date | 19 November, 2024 |
| IPO Closing Date | 22 November, 2024 |
| Allotment Date | 25 November, 2024 |
| Refund Initiation | 26 November, 2024 |
| Credit of Shares in Demat Account | 26 November, 2024 |
| Listing Date | 27 November, 2024 |
The NTPC Green Energy Ltd IPO will open on 19 November, 2024 and it will close on 22 November, 2024. The allotment of NTPC Green Energy Ltd IPO will be finalized on 25 November, 2024. The listing date of the proposed issue on both BSE as well as NSE is fixed as 27 November, 2024.
NTPC Green Energy Ltd IPO GMP Today
The GMP of NTPC Green Energy IPO, today is ₹3 as of 14 November, 2024.
Financial Standings of the Company
| Period | Period Ended 30 September, 2024 | Financial Year 2024 | Financial Year 2023 |
| Total Assets | ₹32408.30 | ₹27206.42 | ₹18431.40 |
| Total Revenue | ₹1132.74 | ₹2037.66 | ₹170.63 |
| Expense | ₹884.99 | ₹1549.45 | ₹118.08 |
| EBITDA | ₹931.56 | ₹1746.47 | ₹151.38 |
| Profit After Tax | ₹175.30 | ₹344.72 | ₹171.23 |
| Company’s Net Worth | ₹8189.18 | ₹6232.14 | – |
| Total Reserve & Surplus | ₹596.08 | ₹512.60 | ₹167.88 |
Company Financial Performance Indicators
| Key Performance Indicators | Value |
| ROCE | * |
| ROE | 7.39% |
| Price to Book Value | 9.89 |
| Total Borrowings (% of Total Capital) | 2.64% |
| Return on Net Worth | 5.53% |
| Debt Equity Ratio | 2.40% |
| After Tax Profit Margin (%) | 17.56% |
| Net Asset Value | ₹10.90 |
Lot Size for Different Category of Investors:
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | 138 | ₹14904 |
| Retail Investor (Max Lot) | 13 | 1794 | ₹193752 |
| Small HNI (Min. Lot) | 14 | 1932 | ₹208656 |
| Small HNI (Max. Lot) | 67 | 9246 | ₹998568 |
| Big HNI (Min. Lot) | 68 | 9384 | ₹1013472 |
Retail investors are eligible to submit bids for a minimum of one lot, containing 138 shares, amounting to ₹14904. On the other hand small HNI can apply for minimum of 14 lots comprising of 1932 shares amounting to ₹208656. The maximum limit for applying in this IPO for small HNI is 67 lot comprising of 9246 shares amounting to ₹998568.
Investors Reserve Quota
| Shares Reserved for Institutional Investors | 75% of the Total Issue |
| Shares Reserved for Retail Individual Investors | 10% of the Total Issue |
| Shares Reserved for Non Institutional Investors | 15% of the Total Issue |
Cash Flow Generated by the Company
| Net Cash Flow | For the Period Ended June 30, 2024 | Fiscal Year 2024 | Fiscal Year 2023 |
| Cash From Operating Activities | ₹5856.09 | ₹15791.22 | ₹172.70 |
| Cash from Investing Activities | ₹-30680.81 | ₹92070.46 | ₹103043 |
| Cash From Financing Activities | ₹22856.82 | ₹76708.05 | ₹103534.69 |
| Net Increase in Cash and Cash Equivalents | ₹-967.90 | ₹428.81 | ₹727.46 |
NTPC Green Energy Megawatts Operating, Contracted & Awarded
| Particulars | As of June 30, 2024 |
| Megawatts Operating, Contracted & Awarded | 14,696 |
| Capacity under Pipeline | |
| Solar (Megawatts) | 7,725 |
| Wind (Megawatts) | 3,250 |
| Total (Megawatts) (Under Pipeline) | 10,975 |
| Total Megawatts Operating, Contracted & Awarded | 25,671 |
Company Operating Data (MWs)
| Particulars | As of June 30, 2024 | Financial Year, 2024 | Financial Year, 2023 |
| Megawatts Operating | |||
| Solar (MWs) | 2825 | 2825 | 2561 |
| Wind (MWs) | 100 | 100 | 50 |
| Total (MWs) | 2925 | 2925 | 2611 |
| Megawatts Contracted & Awarded | |||
| Solar (MWs) | 9771 | 9571 | 5750 |
| Wind (MWs) | 2000 | 2000 | 500 |
| Total (MWs) | 11771 | 11571 | 6250 |
| Megawatts Operating, Contracted & Awarded | |||
| Solar (MWs) | 12596 | 12396 | 8311 |
| Wind (MWs) | 2100 | 2100 | 550 |
| Total (MWs) | 14696 | 14496 | 8861 |
Objectives of the Proposed IPO
- To fund NTPC Renewable Energy Limited
- To meet General Corporate Purposes
Peer Group Comparative Analysis:
| Company | EPS (₹) | P/E | Face Value (₹) |
| Adani Green Energy Ltd | 6.21 | 288.36 | ₹10 |
| Renew Energy Global | 9.94 | 52.87 | USD 0.0001 |
Average PE Ratio of Industry
| P/E Ratio Metrics | P/E Ratio |
| Highest P/E Ratio | 288.36 |
| Lowest P/E Ratio | 52.87 |
| Average P/E Ratio | 170.62 |
NTPC Green Energy Ltd IPO Strengths and Weaknesses
Strengths:
- The company is having a Strong backing from NTPC Limited. It helps the company to get solid financial support and industry connections.
- The company has a Diverse portfolio of solar and wind projects across India and it reduces its dependence any single client.
- The company has a team of experienced personnel which ensures an efficient project management, revenue growth and operational efficiency.
- Strong credit profile of company helps in getting low-cost financing, thereby enhancing its competitive strength.
Weaknesses:
- Renewable energy sector is very competitive, which may bring pressure on pricing and margins.
- Dependence on government policies for renewable energy.
- Timely project completion is essential. Delays due to external factors can affect the revenue.
- Dependency on regulatory approvals may increase the business risks.
Management & Promoter Group of the Company
- The President of India
- NTPC Ltd
| Promoters Shareholding Pre- Issue | 100% |
| Promoters Shareholding Post- Issue |
Company’s Dividend Policy
The company has not paid any dividend from last three financial years
Lead Managers of NTPC Green Energy Ltd IPO
- Nuvama Wealth Management Limited
- IDBI Capital Markets & Securities Limited
- IIFL Securities Limited
- HDFC Bank Limited
Registrar of NTPC Green Energy Ltd IPO
KFin Technologies Limited.
Telephone: +91 40 6716 2222 / 1800 309 4001
Email: ntpcgreen.ipo@kfintech.com
Website: www.kfintech.com
Contact Details of NTPC Green Energy Ltd
Renewable Building, Netra complex,
E3 Main Market Road, Ecotech II Udhyog,
I.A Surajpur, Gautam Buddha Nagar,
Noida, Uttar Predesh, 201306, India
Telephone +91 11 2436 2577
Email: ngel@ntpc.co.in
Website: www.ngel.in
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Nisus Finance Services IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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