NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, is set to launch its highly anticipated Initial Public Offering (IPO) soon, targeting a fundraising of ₹10,000 crores. As per market sources, the IPO could open as early as next week, making it one of the largest renewable energy offerings in recent times.
NTPC Green Energy IPO Details
- IPO Size: ₹10,000 crore (Book built issue)
- IPO Type: Fresh issue (No Offer for Sale)
- Face Value: ₹10 per share
- GMP (Grey Market Premium): As of November 11, the GMP is ₹16.
NTPC Green Energy IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Minimum 75% of Net Issue |
| NII (Non-Institutional Investors) | Maximum 15% of Net Issue |
| Retail Investors | Maximum 10% of Net Issue |
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About NTPC Green Energy Limited
Established in April 2022, NTPC Green Energy Limited focuses on renewable energy projects, including solar and wind energy. The company boasts an operational capacity of 3,071 MW from solar and 100 MW from wind projects across various states as of August 2024. The current portfolio includes 14,696 MW of capacity, consisting of both operational and upcoming projects.
NTPC Green Energy’s Growth and Market Presence
- Operational Capacity: 3,071 MW (Solar) and 100 MW (Wind)
- Total Project Portfolio: 14,696 MW
- Projects Under Construction: 11,771 MW across 31 projects in 7 states
- Offtakers: 15 across 37 solar and 9 wind projects
Financial Overview
NTPC Green Energy has shown impressive growth, with revenues increasing by over 1094% and profit after tax (PAT) growing by 101% from FY 2023 to FY 2024.
| Financial Metrics | Jun 30, 2024 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|
| Assets | ₹28,775.4 Cr | ₹27,206.42 Cr | ₹18,431.4 Cr |
| Revenue | ₹607.42 Cr | ₹2,037.66 Cr | ₹170.63 Cr |
| PAT | ₹138.61 Cr | ₹344.72 Cr | ₹171.23 Cr |
| Borrowings | ₹15,276.98 Cr | ₹12,796.74 Cr | N/A |
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Competitive Strengths
- Prominent Parent Company: NTPC Limited’s backing offers strong financial and operational support.
- Extensive Renewable Energy Portfolio: A total of 14,696 MW with diversified projects across solar and wind energy.
- Experienced Management Team: Leadership with a proven track record in executing large-scale renewable projects.
- Strategic Partnerships: Strong relationships with suppliers and offtakers.
Objectives of the IPO
The primary objectives of the IPO include:
- Investment in the wholly-owned subsidiary, NTPC Renewable Energy Limited (NREL).
- Repayment or prepayment of certain outstanding borrowings.
- General corporate purposes.
NTPC Green Energy IPO Registrar
- Registrar: Kfin Technologies Limited
- Contact: Phone: 040-67162222, Email: ntpcgreen.ipo@kfintech.com
With the IPO expected to hit the market soon, investors are keeping a close watch on NTPC Green Energy’s performance metrics and growth prospects. The company’s strong backing by NTPC Limited and its focus on expanding renewable energy capacity make it a potential game-changer in the green energy space.
Stay tuned for more updates as NTPC Green Energy Limited’s IPO date approaches.
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