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NTPC Green Energy IPO: Things Smart Investors Need to Know Before Investing

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Overview of the Company
NTPC Green Energy Limited, established in April 2022, operates as a wholly owned subsidiary of NTPC Limited. The company primarily focuses on renewable energy projects, leveraging a diversified portfolio that spans both organic and inorganic growth. As of June 2024, it had operational projects amounting to 3,071 MW of solar and 100 MW of wind capacity, strategically distributed across six states.

Core Business and Market Position
The company is involved in the execution, development, and management of renewable energy projects, including solar and wind. With strong backing from NTPC Limited and extensive experience in project execution, NTPC Green Energy boasts competitive positioning in India's renewable energy sector. By June 2024, it managed a total renewable energy portfolio of 14,696 MW, positioning it as a leader in sustainable power generation.

NTPC Green Energy IPO Details and Objectives Details

Parameter

Details

IPO Date

November 19-22, 2024

Listing Date

November 27, 2024

Face Value

₹10 per share

Price Band

₹102 - ₹108 per share

Issue Type

Book Built Issue

Total Issue Size

925,925,926 shares (₹10,000 Cr)

Listing At

BSE, NSE

Purpose of the IPO

  • Investment in NTPC Renewable Energy Limited for repayment/prepayment of certain outstanding borrowings.
  • General corporate purposes.

Timeline of NTPC Green Energy IPO

Event

Date

IPO Open Date

November 19, 2024

IPO Close Date

November 22, 2024

Allotment Basis Finalized

November 25, 2024

Refunds Initiation

November 26, 2024

Credit to Demat Accounts

November 26, 2024

Listing Date

November 27, 2024

Pricing & Lot Size of NTPC Green Energy IPO

  • Price Band for the IPO
    ₹102 to ₹108 per share
  • Minimum Lot Size and Application Details
    • Minimum application: 138 shares (₹14,904 for retail investors)
    • sNII (14 lots/1,932 shares): ₹208,656
    • bNII (68 lots/9,384 shares): ₹1,013,472

How to Apply for the NTPC Green Energy IPO?

Online Application Process:

  • Visit Bajaj Broking trading app or website.
  • Log in to your demat account.
  • Go to the IPO section and select " NTPC Green Energy IPO."
  • Choose the lot size and enter the bidding price within the specified band.
  • Complete the application by authorizing the UPI mandate for payment or using the ASBA (Application Supported by Blocked Amount) process through your bank.

Financial Health and Performance

  • Key Financial Metrics
    • Revenue (FY 2023-24): ₹2,037.66 Cr
    • Profit After Tax (FY 2023-24): ₹344.72 Cr
    • Net Worth (as of Sep 2024): ₹8,189.18 Cr
    • Total Assets (as of Sep 2024): ₹32,408.30 Cr
    • Reserves & Surplus (as of Mar 2024): ₹512.60 Cr
    • Total Borrowings (as of Sep 2024): ₹17,057.50 Cr
  • Recent Performance and Growth Prospects
    • Demonstrated a significant 1094.19% increase in revenue between FY 2023 and FY 2024.
    • Profit After Tax grew by 101.32%, indicating strong financial momentum.
    • Expanding focus on renewable energy projects across multiple states with a diverse project portfolio.
    • Strategic initiatives to enhance capacity and scale operations in the solar and wind energy sectors.

Investment Risks and Opportunities

  • Potential Risks of Investing in the IPO
    • Market volatility affecting stock performance.
    • Regulatory changes in renewable energy.
  • Opportunities and Growth Potential
    • Robust government backing and sector incentives.
    • Expanding portfolio in the renewable segment.

Key Performance Indicator (KPI)

KPI

Value

Market Cap

₹91,000 Cr

ROE

7.39%

Debt/Equity Ratio

1.91

PAT Margin

16.2%

NTPC Green IPO Registrar & Lead Managers

Registrar

Lead Managers

Kfin Technologies Limited

IDBI Capital Market Services Limited

Phone: 04067162222, 04079611000

HDFC Bank Limited

 

IIFL Securities Ltd

 

Nuvama Wealth Management Limited

Company Address of NTPC Green Energy Ltd

NTPC Green Energy Limited
NTPC Bhawan, Core -7,
SCOPE Complex, Lodi Road,
New Delhi-110003
Phone: +91 11 24362577
Email: ngel@ntpc.co.in

Conclusion

The NTPC Green Energy IPO offers investors a pathway to participate in India’s expanding renewable energy sector. As a subsidiary of NTPC Limited, the company leverages strong backing and expertise in large-scale projects. Its diversified portfolio of solar and wind initiatives underscores its commitment to sustainable solutions. This IPO aligns with India's renewable energy growth trajectory, providing an opportunity to engage with the nation's transition to greener energy sources.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

Who is the CEO of NTPC Green Energy Ltd?

Answer Field

The CEO of NTPC Green Energy Ltd is [Insert Name if known or "not publicly disclosed yet"]. The company focuses on executing renewable energy projects, reflecting NTPC's green energy vision through its subsidiary.

When will the NTPC Green Energy IPO open for subscription?

Answer Field

The NTPC Green Energy IPO opens on November 19, 2024, and closes on November 22, 2024. The allotment is expected to be finalized on November 25, 2024, with a tentative listing date of November 27, 2024.

What is the price band for the NTPC Green IPO, and how was it determined?

Answer Field

The price band for the NTPC Green IPO is set between ₹102 to ₹108 per share. This range was determined based on market conditions, investor demand, and valuations of the company's growth potential and financial performance

What are the key risks and rewards of investing in the NTPC Green Energy IPO?

Answer Field

Investing in the NTPC Green Energy IPO offers potential rewards such as exposure to India's growing renewable energy sector and strong promoter backing. Key risks include regulatory changes, competition, and the performance of renewable projects.

What documents should I review before investing in the NTPC IPO?

Answer Field

Before investing in the NTPC Green Energy IPO, review the Red Herring Prospectus (RHP), financial statements, risk factors, and offer details. These documents provide insights into the company’s operations, financial health, and potential risks.

What are the lock-up period details for the NTPC Green IPO?

Answer Field

The NTPC Green Energy IPO does not have a specified lock-up period for retail investors. However, promoters may have restrictions on selling their shares post-listing as outlined in the offer documents.

Will NTPC Green Energy IPO pay dividends?

Answer Field

NTPC Green Energy's ability to pay dividends depends on its profitability, cash flow, and management's decision based on future expansion needs and financial policies. Past performance and the RHP can offer more insights.

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