NTPC Green Energy IPO Date, Share Price, GMP, Promoters – Details Analysis
NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, is set to make waves in the renewable energy sector with its upcoming Initial Public Offering (IPO). Established in 2022, NTPC Green Energy focuses on India’s solar and wind power projects, contributing significantly to the country’s renewable energy goals.
This blog will provide comprehensive details about the IPO, including financial performance, objectives, and market positioning.
What is NTPC Green Energy?
Contents
- 1 What is NTPC Green Energy?
- 2 NTPC Green Energy IPO Details
- 3 NTPC Green Energy IPO Promoter Holding
- 4 NTPC Green Energy IPO Date
- 5 About NTPC Green Energy Limited
- 6 NTPC Green Energy Share Price
- 7 Company Financials
- 8 Objects of the Issue (NTPC Green Energy IPO Objectives)
- 9 NTPC Green Energy IPO GMP
- 10 Conclusion
- 11 FAQs
NTPC Green Energy is a subsidiary of NTPC Limited, one of India’s largest power companies. The company is dedicated to generating renewable energy through solar and wind projects. As of August 31, 2024, NTPC Green Energy boasts an operational capacity of 3,071 MW from solar and 100 MW from wind projects. The company has long-term Power Purchase Agreements (PPAs) with various government agencies and public utilities to supply renewable power.
Key Highlights:
| Metric | Value |
| Incorporated | 2022 |
| Parent Company | NTPC Limited |
| Operational Capacity | 3,071 MW (Solar), 100 MW (Wind) |
| Target Capacity by 2032 | 60 GW |
Fundamental Table:
| Metric | Value |
| Company Name | NTPC Green Energy Limited |
| Incorporation Year | 2022 |
| Parent Company | NTPC Limited |
| Operational Capacity | 3,071 MW (Solar), 100 MW (Wind) |
| Target Capacity by 2032 | 60 GW |
| IPO Issue Size | ₹10,000 crores |
| Fresh Issue Size | ₹10,000 crores |
| Offer for Sale | None |
| Price Band | To be announced |
| Lot Size | To be confirmed |
| Open Date | November 9, 2024 |
| Close Date | November 12, 2024 |
| Listing Date | November 18, 2024 |
| Pre-IPO Promoter Holding | Approximately 100% |
| Post-IPO Promoter Holding | To be determined |
| Revenue (FY23) | ₹5,784 crores |
| PAT (FY23) | ₹1,386 crores |
| EPS (FY23) | TBA |
NTPC Green Energy – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| NTPC Green Energy | – | 0.73 | 5.53 | 10.90 | 1,962.6 |
| Adani Green Energy | 288.36 | 6.20 | 12.81 | 62.08 | 9,220.0 |
| ReNew Energy Global PLC | 52.87 | 9.92 | 3.94 | 290.15 | 8,194.8 |
NTPC Green Energy Valuations & Margins
| FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 4.66 | 0.73 | – |
| PE Ratio | – | – | – |
* Calculated based on annualized Profits After Tax for FY 2024
| FY 2023 | FY 2024 | Q1 FY 2025 | |
| RONW (%) | 3.50 | 5.53 | 2.18 |
| NAV | 10.36 | 11.90 | 11.14 |
| EBITDA (%) | – | 89.39 | 89.22 |
| Debt/Equity | 1.09 | 1.98 | 2.32 |
NTPC Green Energy IPO Details
The IPO for NTPC Green Energy will be a significant event in the financial market. Here are the key details:
| IPO Detail | Value |
| Open Date | November 9, 2024 |
| Close Date | November 12, 2024 |
| Issue Size | ₹10,000 crores |
| Fresh Issue Size | ₹10,000 crores |
| Offer for Sale | None |
| Price Band | To be announced |
| Lot Size | To be confirmed |
NTPC Green Energy IPO Promoter Holding
Understanding the promoter holding is crucial for assessing investor confidence:
- Pre-IPO Promoter Holding: Approximately 100%
- Post-IPO Promoter Holding: This will be determined after the IPO process.
The absence of an offer-for-sale component indicates that the promoters are not offloading existing shares but are raising capital entirely through a fresh issue.
NTPC Green Energy IPO Date
The IPO will open for subscription on November 9, 2024, and close on November 12, 2024. The allotment expected date to be November 14, 2024, and shares will be listed on both the BSE and NSE on November 18, 2024.
About NTPC Green Energy Limited
NTPC Green Energy aims to contribute significantly to India’s renewable energy landscape. The company is focused on expanding its portfolio through utility-scale renewable energy projects while exploring emerging areas like green hydrogen and energy storage systems.
Business Model and Market Presence
NTPC Green Energy operates through a well-diversified portfolio:
- Solar Projects: Focused on large-scale solar farms.
- Wind Projects: Developing wind energy capacity.
- Future Ventures: Exploring green hydrogen and ammonia production.
NTPC Green Energy’s unlisted share price is 500 rupees since it is preparing for its IPO. Investors can expect more pricing information closer to the launch date.
| Metric | Value |
| Market Cap | ₹413,369 Cr. |
| Stock P/E | 19.3 |
| P/B | 2.5 |
| Current Price | ₹426.3 |
| Book Value | ₹171.3 |
| Face Value | ₹10 |
| 52W High | ₹448.3 |
| Dividend Yield | 1.82% |
| 52W Low | ₹227.8 |
Company Financials
The company has shown promising growth in its initial years:
| Financial Metric | FY23 | FY24 (Estimated) |
| Revenue | ₹5,784 crores | TBA |
| Profit After Tax (PAT) | ₹1,386 crores | TBA |
| Earnings Per Share (EPS) | TBA | TBA |
| Total Assets | TBA | TBA |
| Debt to Equity Ratio | TBA | TBA |
Strengths
- Among the top ten renewable energy players in India.
- Backed by NTPC Limited’s extensive experience and financial strength.
- Strong credit ratings enable access to low-cost capital.
Risks
- Potential cost overruns or delays in project construction.
- The concentration of projects in specific regions may pose risks.
- Reliance on a limited number of off-takers for revenue generation.
Objects of the Issue (NTPC Green Energy IPO Objectives)
The funds raised through this IPO will be utilized for several strategic objectives:
- Debt Reduction: Approximately ₹7,500 crores will be allocated for reducing debt at its subsidiary, NTPC Renewable Energy.
- General Corporate Purposes: The remaining ₹2,500 crores will be used for general corporate needs and operational expansion.
NTPC Green Energy Limited Contact Details
For further inquiries or information regarding the IPO:
- Registrar: Link Intime India Private Ltd
- Lead Manager(s): ICICI Securities Ltd., Axis Capital Ltd., SBI Capital Markets Ltd.
- Corporate Office Address:
- NTPC Green Energy Limited,
- Plot No.: D/4/4,
- GIDC Industrial Estate,
- Dahej – II,
- Taluka Vagra,
- District Bharuch – Gujarat – India,
- Pin Code – 392130
- Contact Number: +91-22-4918-6200
- Email Address: info@ntpcgreenenergy.com
- Company Website
IPO Prospectus
NTPC Green Energy has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming IPO. The prospectus outlines the company’s financials, growth plans, and details about the IPO structure. It is an essential document for potential investors, providing insights into the company’s operations and future objectives.
Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222/ 1800 309 4001
Email: ntpcgreen.ipo@kfintech.com
Website: www.kfintech.com
Lead Manager(s)
The lead managers overseeing the NTPC Green Energy IPO are:
- ICICI Securities Ltd.
- Axis Capital Ltd.
- SBI Capital Markets Ltd.
These financial institutions will guide the company through the IPO process, ensuring compliance with regulatory requirements and facilitating a smooth issuance of shares.
- IIFL SECURITIES LIMITED
- 24th Floor, One Lodha Place, Senapati Bapat Marg,
- Lower Parel (West) Mumbai 400 013 Maharashtra
- Phone: +91 22 4646 4728
- Email: ngel.ipo@iiflcap.com
- Website: www.iiflcap.com
NTPC Green Energy IPO GMP
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 15 October 2024 | 34 | – | 6,500 |
| 14 October 2024 | 34 | – | 6,500 |
| 11 October 2024 | 34 | – | 6,500 |
| 10 October 2024 | 34 | – | 6,500 |
| 9 October 2024 | 31 | – | 6,500 |
| 8 October 2024 | 35 | – | 6,500 |
Conclusion
If you are an investor in India’s green energy revolution, you should not miss out on NTPC Green Energy’s impending initial public offering (IPO). Aiming to increase its renewable capacity by 2032 dramatically, NTPC Green Energy has strong support from its parent firm and ambitious expansion ambitions. It is poised for future success.
Investors interested in this potential offering should carefully monitor announcements concerning subscription dates and price ranges to make well-informed selections.
