NTPC Green Energy Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹102 - ₹108
- Lot size
- 138 shares
- Issue amount
- ₹10,000 cr
- Total subscription
- 2.56×
- Opens
- 19 Nov 2024
- Closes
- 22 Nov 2024
- Allotment
- 25 Nov 2024
- Listing
- 27 Nov 2024
Offer at a glance
Issue overview
- Issue size
- 92,63,29,669 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,076
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹0
- Issue type
- Bookbuilding IPO
- Shares before issue
- 7,50,00,00,000
- Shares after issue
- 8,42,59,25,926
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 138 | ₹14,904 |
| sHNI | 14 | 1,932 | ₹2,08,656 |
| bHNI | 68 | 9,384 | ₹10,13,472 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 5,90,446 | 21,53,166 |
| HNIs(10L +) | 42,175 | 25,375 |
| HNIs (2-10L) | 21,087 | 28,891 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2,640 | 9,271.25 |
| RETAIL | 880 | 3,209.08 |
| HNIs 2+ | 440 | 602.83 |
| HNIs 10+ | 880 | 529.47 |
| EMPLOYEES | 209.71 | 177.4 |
| Shareholder | 1,000 | 1,694.67 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0.3 | 0.73 | 4.66 |
| ROE | 7.39 | 17.76 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 2.14 | 5.53 | 3.5 |
| PRE IPO(PE) | 234.7 | 0 | 0 |
| POST IPO(PE) | 259.57 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited focused on expanding India’s renewable energy footprint. As of August 31, 2024, it has 3,071 MW of operational solar capacity and 100 MW of wind capacity across six states, and by June 30, 2024, its total renewable portfolio reached 14,696 MW, including 2,925 MW in operation and 11,771 MW under construction through contracted and awarded projects across seven states. The company presently serves 15 off-takers through 37 solar and 9 wind projects, and as of June 30, 2024, it employed 234 people along with 45 contract labourers to support its expansion in clean energy.
Strengths
- Strong Parentage (NTPC Limited): Being promoted by NTPC Limited provides credibility, strong execution backing, and enhanced financial strength to scale renewable projects.
- Diversified Renewable Portfolio: With a total renewable capacity of 14,696 MW across solar and wind assets, the company benefits from geographic diversification and reduced dependence on any single project/offtaker.
- Experienced Renewable Energy Team: A skilled and domain-focused team drives efficient project development, timely execution, and effective asset management across the renewable energy value chain.
Risk factors
- High Offtaker Concentration: Revenue dependence on top five offtakers (87% contribution) poses a concentration risk—non-performance or delays in payments from key customers can materially impact cash flows.
- Component Supply Dependency: The business relies on timely supply of critical components such as solar modules and wind turbines. Any supply chain disruption or price volatility can delay project execution and increase costs.
- Execution Delays & Cost Overruns: Renewable energy projects are susceptible to land, permit, and infrastructure delays. Any project delay or cost escalation can adversely affect cash flow, profitability, and timelines.
Promoters
President of India
Ministry of Power, Government of India
NTPC Limited
Registrar & documents
Lead manager
Hdfc Bank Limited, IDBI Capital Market Services Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Bir Plassi Near Sainimajraropar, Nalagarh Road District Solan - 174101
+91 1722656384
[email protected]Company website ↗Understanding NTPCGREEN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.