NTPC Green Energy Limited (NGEL) is the green business arm of NTPC Limited, India’s largest energy conglomerate. NGEL is driving NTPC’s ambitious transition to achieve a green energy capacity of 60 GW by FY32, leveraging both organic growth and strategic acquisitions. Through participation in tenders, Ultra Mega Renewable Energy Power Parks (UMREPP), and partnerships, NGEL has positioned itself as a premier renewable energy player in India and globally.

Key IPO Details

• Issue Type: Book Built Issue
• Issue Size: ₹10,000 Crores (Fresh Issue)
• Price Band: ₹102-108 per share
• Market Capitalization: ₹90,999.99 Crores (at the upper price band)
• Lot Size: 138 shares (minimum investment of ₹14,904 for retail investors)
• Subscription Dates: November 19-22, 2024
• Allotment Date: November 25, 2024
• Listing Date: November 26, 2024 (on BSE and NSE)

IPO Objectives

The funds raised through the IPO will be utilized for:

1. Investment in NTPC Renewable Energy Limited (NREL): ₹7,500 Crores for repaying borrowings and funding operational expansion.
2. General Corporate Purposes: Supporting the company’s growth strategies and meeting corporate expenses.

Subscription Status and Anchor Investors

As of November 19, 2024 (05:10 PM), the IPO has been subscribed 0.33 times on its opening day:

• The company raised ₹3,960 Crores from Anchor Investors at ₹108 per share.

Financial Performance

• FY24 Revenues: ₹20,376.57 Million (up from ₹1,706.31 Million in FY23).
• FY24 EBITDA: ₹17,464.70 Million.
• FY24 PAT: ₹3,447.21 Million (up from ₹1,712.28 Million in FY23).

The company's pre-issue P/E ratio is 147.94x, and the post-issue P/E ratio is 270.00x, compared to the industry average of 153.44x, indicating the IPO is fully priced.

GMP and Investment Recommendation

The Grey Market Premium (GMP) for the NTPC Green Energy IPO stands at ₹0, reflecting limited speculative trading. With fully priced valuations, investors are advised to:

• Avoid subscribing for listing gains.
• Analyze financials and growth potential before investing for the long term.

How to Check Allotment Status

1. Visit the IPO registrar’s website (KFin Technologies Limited).
2. Select NTPC Green Energy IPO from the dropdown.
3. Enter your application number, PAN, or DP Client ID.
4. Submit to view the allotment status.

Conclusion

NTPC Green Energy’s IPO aligns with the company’s vision to lead India’s renewable energy transition. However, given the pricing and financial metrics, cautious investment is recommended. Retail and institutional investors should weigh long-term potential against current valuations before making investment decisions.

The Upcoming IPOs in this week and coming weeks are Lomosaic India, C2C Advanced System, Enviro Infra, Rajesh Power Services, Rajputana Biodiesel, Rosmerta Digital, Avanse Financial and Nisus Finance.

The Current active IPO is NTPC Green Energy.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.