Bookbuilding IPO | ₹10,000 Cr | Listed at BSE, NSE | Tue, Nov 19, 2024 - Fri, Nov 22, 2024
NTPC Green Energy IPO is a book build issue of ₹10,000.00 crores. The issue is entirely a fresh issue of 92.63 crore shares of ₹10,000.00 crore.
NTPC Green Energy IPO bidding started from Nov 19, 2024 and ended on Nov 22, 2024. The allotment for NTPC Green Energy IPO was finalized on Nov 25, 2024. The shares got listed on BSE, NSE on Nov 27, 2024.
NTPC Green Energy IPO price band is set at ₹108 per share. The lot size for an application is 138. The minimum amount of investment required by an retail is ₹14,904 (138 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,932 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (9,384 shares), amounting to ₹10,13,472.
The issue includes a reservation of up to 1,94,17,475 shares for employees offered at a discount of ₹5.00 to the issue price.
IDBI Capital Markets Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to NTPC Green Energy IPO RHP for detailed Information.
IPO Open
Tue, Nov 19, 2024
IPO Close
Fri, Nov 22, 2024
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹91,000.00 Cr
| IPO Date | 19 to 22 Nov, 2024 |
| Listed on | Wed, Nov 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 |
| Issue Price | ₹108 per share |
| Lot Size | 138 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹5.00 |
| Total Issue Size | 92,63,29,669 shares (agg. up to ₹10,000 Cr) |
| Fresh Issue | 92,63,29,669 shares (agg. up to ₹10,000 Cr) |
| Share Holding Pre Issue | 7,50,00,00,000 shares |
| Share Holding Post Issue | 8,42,59,25,926 shares |
| BSE Script Code / NSE Symbol | 544289 / NTPCGREEN |
| ISIN | INE0ONG01011 |
NTPC Green Energy IPO offers total 92,68,24,881 shares. Out of which 61,11,11,111 (65.94%) allocated to QIB, 24,44,44,445 (26.37%) allocated to QIB (Ex- Anchor), 12,22,22,222 (13.19%) allocated to NII 8,14,81,481 (8.79%) allocated to RII and 36,66,66,666 (39.56%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 61,11,11,111 (65.94%) | NA |
| − Anchor Investor Shares Offered | 36,66,66,666 (39.56%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 24,44,44,445 (26.37%) | NA |
| NII (HNI) Shares Offered | 12,22,22,222 (13.19%) | NA |
| − bNII > ₹10L | 8,14,81,481 (8.79%) | 42,174 |
| − sNII < ₹10L | 4,07,40,741 (4.40%) | 21,087 |
| Retail Shares Offered | 8,14,81,481 (8.79%) | 5,90,445 |
| Employee Shares Offered | 1,94,17,475 (2.10%) | NA |
| Shareholders Shares Offered | 9,25,92,592 (9.99%) | NA |
| Total Shares Offered | 92,68,24,881 (100.00%) |
Investors can bid for a minimum of 138 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 138 | ₹14,904 |
| Retail (Max) | 13 | 1,794 | ₹1,93,752 |
| S-HNI (Min) | 14 | 1,932 | ₹2,08,656 |
| S-HNI (Max) | 67 | 9,246 | ₹9,98,568 |
| B-HNI (Min) | 68 | 9,384 | ₹10,13,472 |
NTPC Green Energy IPO raises ₹3,960.00 crore from anchor investors. NTPC Green Energy IPO Anchor bid date is November 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Nov 18, 2024 |
| Shares Offered | 36,66,66,666 |
| Anchor Portion (₹ Cr.) | 3,960.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Dec 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Feb 23, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Allowed only if bidding amount is upto Rs 2 lakhs |
| Only employee | Yes | |
| Employee + Shareholder |
|
Yes |
| Employee + Shareholder + RII/NII |
|
Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
| Employee + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.
As of August 31, 2024, the company had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states.
As of June 30, 2024, the company's Portfolio consisted of 14,696 MW, including 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects.
As of June 30, 2024, the company had 15 off-takers across 37 solar projects and 9 wind projects.
As of June 30, 2024, the company is constructing 31 renewable energy projects in 7 states, totaling 11,771 MW.
Competitive Strength
As of June 30, 2024, the workforce comprised 234 employees, and the company utilised the services of 45 contract labourers.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 32,408.30 | 27,206.42 | 18,431.40 |
| Total Income | 1,132.74 | 2,037.66 | 170.63 |
| Profit After Tax | 175.30 | 344.72 | 171.23 |
| NET Worth | 8,189.18 | 6,232.14 | |
| Reserves and Surplus | 596.08 | 512.60 | 167.88 |
| Total Borrowing | 17,057.50 | 12,796.74 | |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL; and | 7,500.00 |
| 2 | General corporate purposes | 2,446.49 |
| KPI | Sep 30, 2024 |
|---|---|
| ROE | 7.39% |
| Debt/Equity | 1.91 |
| RoNW | 2.14% |
| PAT Margin | 16.20% |
| Price to Book Value | 9.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.46 | 0.42 |
| P/E (x) | 234.97 | 259.56 |
| Promoter Holding | 100% | 89.01% |
| Market Cap | ₹91,000.00 Cr. |
The NTPC Green Energy IPO is subscribed 2.55 times on November 22, 2024 6:19:08 PM (Day 3). The public issue subscribed 3.59 times in the retail category, 3.51 times in the QIB category, and 0.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.51 | 24,44,44,445 | 85,84,49,286 |
| NII | 0.85 | 12,22,22,222 | 10,44,99,258 |
| bNII (bids above ₹10L) | 0.6 | 8,14,81,482 | 4,90,25,052 |
| sNII (bids below ₹10L) | 1.36 | 4,07,40,741 | 5,54,74,206 |
| Retail | 3.59 | 8,14,81,481 | 29,27,32,776 |
| Employee | 0.83 | 1,94,17,476 | 1,61,75,946 |
| Others | 1.67 | 9,25,92,593 | 15,46,50,114 |
| Total | 2.55 | 56,01,58,217 | 1,42,65,07,380 |
Total Application : 22,26,023
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission) | 7.09 |
| 2 | Commission/processing fee for SCSBs, Banker(s) to the Issue, Sponsor Banks. Brokerage underwriting and selling commission and bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 8.20 |
| 3 | Fees payable to the Registrar to the Issue | 0.00 |
| 4 | Others including but not limited to: 1. Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 20.70 |
| 5 | Others including but not limited to: 2. Advertising and marketing expenses | 12.97 |
| 6 | Others including but not limited to: 3. Fees payable to legal counsels | 2.31 |
| 7 | Others including but not limited to: 4. Fees payable to Statutory Auditors of the Company and its subsidiaries and to erstwhile statutory auditors of NTPC Limited | 1.12 |
| 8 | Others including but not limited to: 5. Fees payable to the Independent Chartered Accountant/ certified engineer/ practising company secretary/ other consultant | 0.61 |
| 9 | Others including but not limited to: 6. Fees payable to the industry service provider | 0.32 |
| 10 | Others including but not limited to: 7. Miscellaneous | 0.19 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹108.00 | ₹108.00 |
| Open | ₹111.60 | ₹111.50 |
| Low | ₹111.60 | ₹111.50 |
| High | ₹122.75 | ₹122.65 |
| Last Trade | ₹122.10 | ₹121.65 |
NTPC Green Energy IPO is a main-board IPO of 92,63,29,669 equity shares of the face value of ₹10 aggregating up to ₹10,000 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 138.
The IPO opens on Tue, Nov 19, 2024, and closes on Fri, Nov 22, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in NTPC Green Energy IPO using UPI as a payment gateway. Zerodha customers can apply in NTPC Green Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NTPC Green Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NTPC Green Energy IPO opens on Tue, Nov 19, 2024 and closes on Fri, Nov 22, 2024.
NTPC Green Energy IPO lot size is 138, and the minimum amount required for application is ₹14,904.
You can apply in NTPC Green Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for NTPC Green Energy IPO will be done on Monday, November 25, 2024, and the allotted shares will be credited to your demat account by Tue, Nov 26, 2024. Check the NTPC Green Energy IPO allotment status.
The NTPC Green Energy IPO listing date is on Wed, Nov 27, 2024.
