NTPC Green Energy IPO – GMP, risk factors and all you need to know

Nov 18, 2024

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NTPC Green Energy IPO

New Delhi-based NTPC Green Energy’s initial public offering (IPO) will open on Tuesday, November 19 and close on Friday, November 22.

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Price band

NTPC Green Energy has fixed a price band of ₹102 to ₹108 per share for its public issue.

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About the company

NTPC Green Energy is a wholly owned subsidiary of NTPC, a listed public sector undertaking. It is a renewable energy company.

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IPO size

NTPC Green Energy is looking to raise ₹10,000 crore from the current IPO. This is entirely a fresh issue and there is no offer for sale (OFS) component.

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Lot size

Investors can bid for a minimum of 138 shares and in multiples of 138 shares thereafter.

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Current operations

NTPC Green Energy currently has an operational capacity of 3,071 MW in solar projects and 100 MW in wind projects across six states. The company is currently constructing 31 renewable energy projects across seven states.

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Financials

The company’s income was ₹2,037.66 crore in FY24, up from ₹170.63 crore in FY23. The company reported a profit of ₹344.72 crore in FY24, up from ₹171.23 crore profit reported in FY23.

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Risk factors

The company is engaged in a highly competitive industry. It is dependent on a single project for nearly half its revenue, any adverse changes may be critical for the company.

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NTPC Green Energy IPO GMP

NTPC Green Energy is currently commanding a grey market premium (GMP) of ₹2 per share.

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Objectives of the issue

The funds raised will be used for repayment of borrowings and for general corporate purposes.

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Disclaimer

The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, and registered advisors for professional and personalised financial advice.

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