NTPC Green Energy IPO: Date, GMP, Details

NTPC Green Energy Limited, a subsidiary of India’s largest power generation company NTPC Limited, is taking a significant step toward expanding India’s renewable energy infrastructure through its Initial Public Offering (IPO).

The subscription period for the NTPC Green Energy IPO began on November 19, 2024, and it will end on November 22, 2024. It is expected that the allocation for the NTPC Green Energy IPO would be concluded on Monday, November 25, 2024.

For more information, read the NTPC Green Energy IPO RHP.

NTPC Green Energy IPO Details

NTPC Green IPO Date	November 19, 2024 to November 22, 2024
Listing Date	Wednesday, November 27, 2024
Face Value	₹10 per share
Price Band	₹102 to ₹108 per share
Lot Size	138 Shares
Total Issue Size	925,925,926 shares (aggregating up to ₹10,000.00 Cr)
Fresh Issue	925,925,926 shares (aggregating up to ₹10,000.00 Cr)
Employee Discount	Rs 5 per share
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	7,500,000,000
Share holding post issue	8,425,925,926

NTPC Green Financials

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023
Assets	32,408.30	27,206.42	18,431.40
Revenue	1,132.74	2,037.66	170.63
Profit After Tax	175.30	344.72	171.23
Net Worth	8,189.18	6,232.14
Reserves and Surplus	596.08	512.60	167.88

NTPC Green Energy IPO Objectives

NTPC Green Energy has outlined two main purposes for the money they plan to raise through their Initial Public Offering (IPO). 

• The first and primary objective is to support their wholly-owned subsidiary company, NTPC Renewable Energy Limited (NREL). They plan to use a significant portion of the IPO funds to help NREL pay off its existing loans. 

 

• The second purpose is general corporate purposes. This means the company will keep some of the IPO money for its regular business needs and activities. General corporate purposes typically cover a wide range of business requirements, from handling day-to-day operations to funding new opportunities that may arise. This gives the company flexibility in using the funds based on their business needs.

 

NTPC Green IPO GMP

The grey market premium (GMP) for the state-owned NTPC Green Energy Limited’s IPO is ₹1.15 per share as of November 19. 

Investors’ willingness to pay a premium for a public offering is referred to as the “grey market premium.” The shares are expected to be listed on public markets for 109.15 per share, with the highest price range being 108, representing a premium of 1.06%.

On the first day of its IPO, 33% of the government-owned NTPC Green Energy offering was subscribed. The retail investors who booked 1.33 times the number of shares offered led the subscription. 

On the first day of the offering, no bids were placed on the qualified institutional buyers (QIB) component, but 16% of the shares were subscribed for by non-institutional investors (NIIs). 

Conclusion

This IPO gives investors a chance to be part of India’s growing green energy sector. Interested investors should check the company documents (RHP) for full details before investing.

Click here to apply for the NTPC Green Energy Limited IPO

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