NTPC Green Energy IPO Details
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, is launching its Rs 10,000 crore IPO, opening for subscription on November 19, 2024 and closing on November 22, 2024. This IPO is entirely a fresh issue comprising 92.59 crore equity shares with a price band set at ₹102 to ₹108 per share.

The minimum lot size is 138 shares, requiring retail investors to invest at least ₹14,904. For non-institutional investors (sNII and bNII), the minimum investment scales to ₹208,656 (14 lots) and ₹1,013,472 (68 lots), respectively.

The allotment will be finalized on November 25, 2024, with shares listed on NSE and BSE on November 27, 2024. The IPO is managed by IDBI Capital Market Services Ltd., HDFC Bank Ltd., IIFL Securities Ltd., and Nuvama Wealth Management Ltd., with Kfin Technologies Ltd. acting as the registrar.

About NTPC Green Energy Ltd.
NTPC Green Energy Ltd. is the largest renewable energy public sector enterprise (excluding hydro) in India as of September 2024, with a diverse portfolio of solar and wind power assets across six states. As of September 30, 2024, its operational capacity stood at 3,220 MW of solar projects and 100 MW of wind projects, with plans to expand further.

Operational Highlights

• Operating capacity: 3,320 MW (Solar + Wind)
• Contracted and awarded projects: 13,576 MW
• Capacity under pipeline: 9,175 MW
• Combined total portfolio: 26,071 MW

The company predominantly focuses on utility-scale renewable energy projects, generating power for central and state government agencies. NTPC Green Energy has secured long-term Power Purchase Agreements (PPAs) and Letters of Award (LoAs) to ensure stable revenues.

Expansion Plans and Strategies

NTPC Green Energy’s growth pipeline includes:

1. Solar energy expansion: 6,925 MW.
2. Wind energy projects: 2,250 MW.
3. Strategic focus: Developing turnkey projects in partnership with OEMs and contractors for seamless execution and maintenance.

Project Execution Models:

• Solar projects: Procurement-led construction and turnkey EPC models.
• Wind projects: Turnkey EPC contracts with specialized OEMs.

Use of IPO Proceeds
The funds raised will be utilized for scaling operations, expanding the renewable portfolio, and enhancing infrastructure to meet India’s growing clean energy demands. NTPC Green Energy’s strategic partnerships and emphasis on innovation in renewable technologies position it as a key player in India’s transition to green energy.

Why Investors Should Watch This IPO
NTPC Green Energy stands out as a market leader in renewable energy, backed by NTPC Limited’s reputation as a Maharatna PSU. Its large operational capacity, robust project pipeline, and long-term agreements with reliable customers underscore its stability and growth potential.

For investors seeking exposure to India’s burgeoning renewable energy sector, NTPC Green Energy’s IPO offers a unique opportunity to invest in a scalable and sustainable enterprise.

The Upcoming IPOs in this week and coming weeks are Lomosaic India, C2C Advanced System, Rosmerta Digital, NTPC Green, Avanse Financial and Nisus Finance.

The Current active IPO are Zinka Logistics Solution (Black Buck), and Onyx Biotec.

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.