November 21, 2024
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NTPC Green IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Whether to apply or Avoid NTPC Green IPO?
Applied or Avoid?
What is the latest GMP of NTPC Green IPO?
For latest GMP, Click
NTPC Green IPO Allotment link?
Will be updated on allotment
Subscription status of NTPC Green IPO
NTPC Green IPO Subscriptions (Day1)Price Rs. 108 Lot 138 shares, Net Rs.6406.21 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 0.00 | 0.08 | 0.33 | 0.17 | 1.47 | 0.36 |
| Applications: 832401 / (1.41x) Amount wise Bids recd. Rs. 2,306.24 Crore |
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Who are the promoters of NTPC Green IPO?
PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF POWER, GOVERNMENT OF INDIA AND NTPC LIMITED
What are the Objects of NTPC Green IPO?
The Offer comprises the Fresh Issue only.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Investment in its wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL; and
2. General corporate purposes.
What is the business of NTPC Green?
The company is a wholly owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise. It is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 30, 2024 and power generation in Fiscal 2024. Its renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in more than six states which helps mitigate the risk of location-specific generation variability.
Its operational capacity was 3,071 MW of solar projects and 100 MW of wind projects across six (6) states as of August 31, 2024. It is strategically focused on developing a portfolio of utility-scale renewable energy projects, as well as projects for public sector undertakings (“PSUs”) and Indian corporates.
Its projects generate renewable power and feed that power into the grid, supplying a utility or offtaker with energy. For its operational projects, it has entered into long-term Power Purchase Agreements (“PPAs”) or Letters of Award (“LoAs”) with an offtaker that is either a Central government agency like the Solar Energy Corporation of India (“SECI”) or a State government agency or public utility.
As of June 30, 2024, the “Portfolio” consisted of 14,696 MWs including 2,925 MWs of operating projects and 11,771 MWs of contracted and awarded projects. As of June 30, 2024, its “Capacity under Pipeline, for which a memorandum of understanding (“MOU”) or term sheet has been entered with joint venture partners or off takers but where definitive agreements have not yet been entered, consisted of 10,975 MWs. As of June 30, 2024, our Capacity under Pipeline together with its Portfolio consisted of 25,671 MWs.
It is promoted by its parent company, NTPC Limited, India’s largest power company both in terms of installed capacity as of March 31, 2024 and power generation in Fiscal 2024.
For more information, click www.ngel.in
NTPC Green IPO GMP, Particulars & Guidance
| NTPC Green IPO Details | |
| IPO opens on | 19 November 2024 |
| IPO closes on | 22 Novemeber 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 10,000 Crore |
| * Fresh Issue | ? Shares / Rs 10,000 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 102-108 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs.? per share |
| Retail Lot Size | 138 Shares |
| Listing will at | BSE, NSE |
| Shares offered in NTPC Green? |
Shares | Rs. in Cr |
| QIB (75 %) | 61.11 Cr. | 6600 |
| NII (15 %) | 12.22 Cr | 1320 |
| RII (10 %) | 8.14 Cr | 880 |
| Employees | 1.94 cr | 200 |
| Shareholders | 9.25 cr | 1000 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in NTPC Green IPO? | Amount Rs. |
|
| Min Retail Application | 138 Shares | 14904 |
| Max Retail Application | 1794 Shares | 193752 |
| Small HNI (Min) application | 1932 Shares | 208656 |
| Small HNI (Max) application | 9246 Shares | 998568 |
| Big HNI Application | 9384 | 1013472 |
What is the timetable of NTPC Green IPO? |
|
| IPO opens on | 19 November 2024 |
| IPO Closes on | 22 November 2024 |
| IPO Allotment on | 25 November 2024 |
| Unblocking of ASBA | 26 November 2024 |
| Credit of Shares | 26 November 2024 |
| Listing on | 27 November 2024 |
| Registered Office of NTPC Green | |
| NTPC Bhawan , Core -7, SCOPE Complex 7 Institutional Area, Lodi Road, New Delhi-110 003 | |
| Who are the Lead Managers of NTPC Green IPO? IDBI Capital Markets & Securities Ltd HDFC Bank Limited IIFL Securities Limited Nuvama Wealth Management Ltd |
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| Registrar to IPO | |
| LKfin Technologies ltd |
NTPC Green IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | ||||
| 2022-23 | 170.63 | 171.23 | 4.66 | |
| 2023-24 | 2037.66 | 344.72 | 0.73 | 5.73 |
| Book Value of the Share on 31.03.2024 | Rs. | 10.90 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 108 | ||
NTPC Green IPO
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| Price /EPS | 147.94 |
| Price/Book Value Ratio | 9.91 |
| Price/BV after IPO | ? |
How NTPC Green IPO compares with the Peers?
NTPC Green shares @ PE 147.94
Adani Green Energy @ PE 288.36
Renew Energy Global PLC @ PE of 52.87
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
NTPC Green IPO Guidance
This is the much-awaited IPO. Once the price band is finalized, we will provide our guidance.
Quicklinks
NTPC Green IPO GMP
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