₹ 14904
₹102- ₹108
138
₹111
3
22 Nov 2024
Download26 Nov 2024
27 Nov 2024
Application Details
The NTPC Green Energy IPO is set to open for subscription on November 19, 2024, and close on November 22, 2024. Each share in this IPO carries a face value of ₹10, with a price band ranging from ₹102 to ₹108. The lot size for retail investors is set at 138 shares, translating to a minimum investment of ₹14,904.
Retail investors can apply for up to 13 lots, or 1,794 shares, totalling a maximum investment of ₹1,93,742. This book-built issue consists entirely of a fresh issue of 925,925,926 shares, aimed at raising ₹10,000 crore. Employees are offered a discount of ₹5 per share. The company plans to list on the BSE and NSE with a pre-issue shareholding of 7.5 billion shares, which will increase to approximately 8.43 billion shares post-issue.
The NTPC Green Energy IPO timeline includes several key dates: the basis of allotment will be determined on November 25, 2024, refunds will be initiated by November 26, 2024, and shares will be credited to Demat accounts on the same day. The listing on the stock exchanges is scheduled for November 27, 2024.
About NTPC Green Energy Limited
Company Overview
Incorporated on April 7, 2022, NTPC Green Energy Limited operates as a wholly-owned subsidiary of NTPC Ltd, a ‘Maharatna’ central public sector enterprise. NTPC Green Energy Limited is a renewable energy-focused company committed to generating solar and wind power, with a significant operational capacity across India. As of September 30, 2024, it held the title of the largest renewable energy public sector enterprise in terms of operating capacity, excluding hydro, and power generation.
Business Model and Revenue Generation
NTPC Green Energy Limited generates revenue through Power Purchase Agreements (PPAs) with Indian government agencies and public utilities, selling solar and wind power. As of September 30, 2024, the company had a diverse portfolio of renewable energy projects, comprising 3,220 MW in solar power and 100 MW in wind power, spread across six states. Additionally, NTPC Green Energy Limited benefits from its parent company, NTPC’s extensive experience in managing relationships with State Distribution Companies (DISCOMs) and financial institutions and executing large-scale power projects.
Portfolio and Project Pipeline
The company boasts a substantial portfolio totalling 16,896 MW, which includes 3,320 MW of operational projects and 13,576 MW of contracted and awarded projects. This extensive portfolio and its pipeline brought NTPC Green Energy Limited’s capacity to 26,071 MW as of September 30, 2024. The company continues to expand its renewable energy footprint, constructing 36 renewable energy projects across six states, covering a capacity of 13,576 MW. To support these projects, NTPC Green Energy owns approximately 8,900 acres of freehold land and around 45,700 acres of leasehold land.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.