The NTPC Green Energy IPO is set to debut on the stock exchanges today, November 27, 2024. As investors prepare for the listing, here’s a comprehensive overview of the grey market premium (GMP), financial details, share price expectations, and important dates related to this significant public offering.
Key Highlights of NTPC Green Energy IPO
- IPO Size: ₹10,000 crore
- Subscription Period: November 19 to November 22, 2024
- Oversubscription Rate: 2.42 times
- Price Band: ₹102 to ₹108 per share
- Total Shares Issued: 92.59 crore fresh shares
The IPO received robust interest from investors, with bids for approximately 1.43 billion shares against an offer of 593.2 million shares, indicating strong demand in the renewable energy sector.
Current Grey Market Premium (GMP)
As of today, NTPC Green Energy shares are trading at a modest grey market premium of ₹1, suggesting an expected listing price of around ₹109. This reflects a slight gain of approximately 0.93% over the upper end of the issue price. Analysts predict a muted debut due to prevailing market sentiments.
About NTPC Green Energy
NTPC Green Energy is a wholly-owned subsidiary of NTPC and stands as the largest public sector enterprise in renewable energy (excluding hydro) based on operational capacity and power generation as of September 2024. The company’s renewable portfolio encompasses both solar and wind power assets, with an operational capacity of:
- 3,220 MW from solar projects
- 100 MW from wind projects
Strategically located across six states, NTPC Green Energy aims to mitigate risks associated with location-specific generation variability, ensuring a stable and reliable power supply. The company has set an ambitious target of achieving 60 GW of renewable energy capacity by FY32.
Purpose of Fundraising
The proceeds from the IPO will primarily be utilized for:
- Repaying Outstanding Loans: Approximately ₹7,500 crore will be allocated to repay loans for its subsidiary, NTPC Renewable Energy Limited (NREL).
- General Corporate Purposes: Remaining funds will support ongoing growth initiatives and operations.
Financial Performance Overview
NTPC Green Energy has demonstrated impressive growth in its financial performance:
- Revenue Growth: The company achieved a compound annual growth rate (CAGR) of 46.82% in revenue from FY22 to FY24, culminating in revenues of approximately ₹19,625.98 million.
- Profit After Tax (PAT): In FY24, NTPC Green Energy reported a PAT margin of 17.56%, showcasing its operational efficiency.
- Return on Equity (RoE): The company recorded an RoE of 17.76%, reflecting strong profitability.
Allotment Status and How to Check
The allotment process for NTPC Green Energy was finalized on November 25, with shares credited to investors’ Demat accounts on November 26. Investors can check their allotment status through the following methods:
1. KFin Technologies
- Visit the KFin Technologies allotment status page.
- Select “NTPC Green Energy Ltd” from the dropdown.
- Enter your Application Number or PAN and click “Submit.”
2. BSE (Bombay Stock Exchange)
- Go to the BSE allotment status page.
- Select “Equity” under issue type.
- Choose “NTPC Green Energy Ltd” and enter your Application Number or PAN.
- Click “Search” to view your status.
3. NSE (National Stock Exchange)
- Register on the NSE website using your PAN details.
- Once registered, log in to view your bid details against your registered PAN number.
Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | November 19, 2024 |
| IPO Closing Date | November 22, 2024 |
| Allotment Date | November 25, 2024 |
| Shares Credited to Demat Accounts | November 26, 2024 |
| Listing Date | November 27, 2024 |
| Trading Start Time | 10:00 AM IST |
NTPC Green Energy Share Price
As per live updates, NTPC Green Energy shares are expected to open at around ₹109, reflecting a modest gain over the issue price due to current market conditions and investor sentiment. The stock’s performance will be closely monitored as it begins trading on both the BSE and NSE.
Conclusion
As NTPC Green Energy prepares for its market debut today, investors are advised to stay informed about share price movements and market trends. The listing represents a significant opportunity within India’s renewable energy sector, backed by NTPC’s formidable resources and expertise.
Disclaimer: The information provided in this article is intended for informational purposes only and should not be considered financial advice. Readers are encouraged to consult with financial advisors before making investment decisions.
