NTPC Green Energy
IPO Timeline
Issue open date
19 Nov 2024Issue close date
22 Nov 2024UPI mandate deadline
22 Nov 2024Allotment finalization
25 Nov 2024Refund initiation
26 Nov 2024Share credit
26 Nov 2024Listing date
27 Nov 2024Mandate end date
7 Dec 2024Lock-in end date for anchor investors (50%)
25 Dec 2024Lock-in end date for anchor investors (remaining)
23 Feb 2025Key Dates
Quick Stats
About the Company
Incorporated in 2022, NTPC Green Energy is a wholly-owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise. Its renewable energy portfolio encompasses both solar and wind power assets with a presence across multiple locations in more than six states. Its operational capacity was 3,071 MW of solar projects and 100 MW of wind projects as of August 31, 2024. The company’s projects generate renewable power and feed that power into the grid, supplying a utility or off-taker with energy. For its operational projects, It has entered into long-term Power Purchase Agreements (PPAs) or Letters of Award (LoAs) with off-takers like government agencies and public utilities. The company aims to add around 60 GW of renewable capacity by 2032, nearly 15% of the country’s capacity.
Strengths
- Amongst the Top 10 renewable energy players in India by capacity.
- Promoted by NTPC with strong project and financial backing.
- Diversified 14,696 MW solar and wind portfolio in India.
- Growing revenue, strong credit ratings, low capital costs.
- Largest renewable public sector enterprise (excluding hydro) in India.
Risks
- Project construction delays or cost overruns impact performance.
- Heavy operational concentration risk in Rajasthan state.
- Delayed or non-collection of receivables impacts finances.
- High capital expenditure needs may require additional financing.
- Revenue concentration from the top five off-takers is significant.
NTPC Green Energy IPO – Frequently Asked Questions
- The price band for the NTPC Green Energy IPO is set at ₹102 to ₹108 per share.
- The NTPC Green Energy IPO opens on November 19, 2024 and closes on November 22, 2024.
- The tentative listing date for the NTPC Green Energy IPO is November 27, 2024.
- You can apply for the NTPC Green Energy IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose NTPC Green Energy, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the NTPC Green Energy IPO is 138 shares. Investors must apply for at least one lot (i.e., 138 shares).