About NTPC Green Energy:
The entity is a wholly-owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise. As of September 30, 2024, it stands as the largest renewable energy public sector enterprise in terms of operating capacity and power generation for Fiscal 2024, according to the CRISIL Report published in November 2024. Its revenue is generated through the sale of solar and wind power under Power Purchase Agreements with Indian government agencies and public utilities. The renewable energy portfolio includes solar and wind power assets with an operational capacity of 3,220 MW from solar projects and 100 MW from wind projects spread across six states as of September 30, 2024.
About the Industry in which NTPC Green Energy operates:
Renewable energy constitutes a significant and expanding sector in India. On a global scale, the country ranks fourth in total renewable energy installations, including wind and solar, as reported by CRISIL in November 2024. The installed capacity of renewable energy sources in India, including large hydro, has grown from approximately 63 GW in March 2012 to around 201 GW by September 2024. As of September 2024, grid-connected renewable energy generation capacity, including large hydro, accounted for approximately 45% of India’s total installed generation base, with solar power driving much of this growth.
| Important Information and Timelines of the IPO of NTPC Green Energy: | |
|---|---|
| Open Date | 19 November 2024 |
| Close Date | 22 November 2024 |
| Total Issue Size – Number of Shares | 925925926 |
| Minimum Bid Price | 102 |
| Maximum Bid Price | 108 |
| Lot Size | 138 |
| Basis of Allotment | 25 November 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 26 November 2024 |
| Listing Date | 27 November 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of NTPC Green Energy:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 138 | 14904 |
| Retail – Maximum | 13 | 1794 | 193752 |
| sHNI – Minimum | 14 | 1932 | 208656 |
| sHNI – Maximum | 67 | 9246 | 998568 |
| bHNI – Minimum | 68 | 9384 | 1013472 |
Objective of the IPO of NTPC Green Energy:
-
Investment in our wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL.
-
General Corporate Purposes.
Financials of NTPC Green Energy:
| Particulars | As at and for the six-month period ended September 30, 2024 | As at and for the six-month period ended September 30, 2023 | As at and for the fiscal ended March 31, 2024 | As at and for the fiscal ended March 31, 2023 | As at and for the fiscal ended March 31, 2022 |
|---|---|---|---|---|---|
| Equity Share Capital | 75,000.00 | 47,196.11 | 57,196.11 | 47,196.11 | - |
| Net Worth | 81,891.82 | 50,955.83 | 62,321.42 | 48,874.32 | 19,515.29 |
| Revenue from Operations | 10,822.91 | 10,083.21 | 19,625.98 | 14,497.09 | 9,104.21 |
| Profit After Tax | 1,753.00 | 2,081.62 | 3,447.21 | 4,564.88 | 947.42 |
| Earnings Per Share-Basic | 0.30 | 0.44 | 0.73 | 4.66 | NA |
| Earnings Per Share-Diluted | 0.30 | 0.44 | 0.73 | 4.66 | NA |
| Net Asset Value Per Equity Share | 10.92 | 10.80 | 10.90 | 10.36 | NA |
| Total Borrowings | 1,70,574.96 | 97,228.29 | 1,27,967.40 | 54,178.41 | 86,211.83 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for NTPC Green Energy. You will receive a UPI mandate after 10:00 AM on 19 November 2024.
###1. How to apply for the IPO of NTPC Green Energy on Dhan?
You can apply for the IPO of NTPC Green Energy from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of NTPC Green Energy be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 26 November 2024. However, you will be able to see the shares of NTPC Green Energy on Dhan before the market starts on the listing date which is 27 November 2024.
