NTPC Green Energy IPO: Comprehensive Overview
The NTPC Green Energy IPO is a notable public offering, featuring a fresh issue of 92.59 crore shares, aggregating to ₹10,000 crores. Scheduled for subscription from November 19, 2024, to November 22, 2024, the IPO will be listed on BSE and NSE with an anticipated listing date of November 27, 2024.
Key Details of the IPO
- Issue Type: Book-built IPO
- Face Value: ₹10 per share
- Price Band: ₹102 – ₹108 per share
- Lot Size: Minimum 138 shares
- Total Issue Size: ₹10,000 crore (925,925,926 shares)
- Employee Discount: ₹5 per share
Investment Requirements:
- Retail Investors: Minimum investment of ₹14,904 (1 lot, 138 shares)
- sNII (Small High Net Worth Individuals): Starts at ₹208,656 (14 lots, 1,932 shares)
- bNII (Big High Net Worth Individuals): Starts at ₹1,013,472 (68 lots, 9,384 shares)
IPO Timeline (Tentative)
- Opening Date: November 19, 2024
- Closing Date: November 22, 2024
- Basis of Allotment: November 25, 2024
- Refund Initiation: November 26, 2024
- Shares Credited to Demat Accounts: November 26, 2024
- Listing Date: November 27, 2024
- UPI Mandate Confirmation Deadline: 5 PM, November 22, 2024
Allocation of Shares
- Qualified Institutional Buyers (QIB): At least 75% of the net issue
- Non-Institutional Investors (NII/HNI): Not more than 15%
- Retail Investors: Not more than 10%
About NTPC Green Energy Limited
Established in April 2022, NTPC Green Energy Limited is a renewable energy-focused subsidiary of NTPC Limited. As of August 31, 2024, the company operates 3,071 MW of solar capacity and 100 MW of wind capacity across six states.
Portfolio Highlights (as of June 30, 2024):
- Operational Capacity: 2,925 MW (solar and wind projects)
- Awarded and Contracted Projects: 11,771 MW
- Off-takers: 15 across 37 solar and 9 wind projects
- Ongoing Construction: 31 projects totaling 11,771 MW in 7 states
Workforce:
The company employed 234 personnel directly and engaged 45 contract workers as of June 30, 2024.
Competitive Strengths
- Strong Backing: Supported by NTPC Limited, a leader in large-scale energy projects.
- Extensive Portfolio: A robust pipeline of 14,696 MW in renewable energy projects.
- Experienced Team: Skilled in renewable energy project development.
- Strategic Relationships: Established ties with offtakers and suppliers, ensuring operational efficiency.
- Financial Strength: Backed by NTPC’s resources and expertise.
Promoters and Shareholding
- Promoters: The President of India (via the Ministry of Power) and NTPC Limited.
- Pre-Issue Holding: 100%
- Post-Issue Holding: 91.16%
Lead Managers and Registrar
The IPO is managed by the following lead book-running managers:
- IDBI Capital Market Services Limited
- HDFC Bank Limited
- IIFL Securities Limited
- Nuvama Wealth Management Limited
The registrar for the issue is Kfin Technologies Limited.
For further details, refer to the Red Herring Prospectus (RHP) of NTPC Green Energy IPO.