NTPC Green Energy IPO GMP, Open Date, Price Band, Allotment Status

NTPC Green Energy IPO open date (tentative) is expected to be in between November 4, 2024 to November 6, 2024. This Upcoming IPO is 100% book built issue and entirely a fresh issue. The offer for sale component is not available in NTPC Green Energy IPO.

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NTPC Green Energy IPO GMP

NTPC Green Energy IPO GMP price quotation has not yet started. It is expected that its GMP will trade at a 50% premium from its issue price. NTPC Green Energy quotation will start after the issue dates get finalised. Green Energy stocks and IPOs are performing well so, high grey market premium is expected.

NTPC Green Energy IPO Price Band

NTPC Green Energy IPO price band is yet to be finalised. The expected price band is likely to be around Rs 500 per share. The peers companies like Waaree Energies IPO and Premier Energies IPO price band were above Rs 1000. The renewable energy companies demand high premiums so NTPC Green IPO may also come up with a four digit price band.

NTPC Green Energy IPO Allotment Status

NTPC Green Energy IPO Allotment status will be visible after the subscription ends. The registrar for this new IPO is Kfin Technologies Limited. After the subscription ends investors can visit the Kfin Technologies website and check the allotment status by selecting the IPO and writing the application number.

NTPC Green Energy IPO Listing Date

NTPC Green Energy Listing date is expected to be in the mid of November 2024. As of now, the exact opening and closing dates are not yet finalised. After the official opening date and closing date, the allotment date will be public. Then the Listing date will be after one of the allotment dates which will get finalised.

NTPC Green Energy IPO Reservation

NTPC Green Energy IPO Reservation set is less than 75% of the new offer reserved for Qualified Institutional Investors, not more than 15% reserved for NII and not more than 10% reserved for Retail Individuals.

About NTPC Green Energy Limited

NTPC Green Energy Limited was incorporated on April 7 2022, when the renewable energy business of NTPC Limited was restructured. In July 2022, NTPC executed a business transfer and share purchase agreement under which it transferred its renewable energy assets and 100% equity of NTPC Renewable Energy Limited to the company. These transfers were completed by February 2023, and NTPC Green Energy Limited started its operations.

The company is a wholly-owned subsidiary of NTPC Limited and has a substantial renewable energy portfolio, including 3,071 MW of solar projects and 100 MW of wind projects. The company's main concentration is on utility scale renewable energy projects, and they have signed long term power purchase agreements with government agencies.

NTPC Green Energy Limited Financials

NTPC Green Energy Financials - For the period ending March 31, 2024, the company experienced mixed financial performance. Total assets grew by 5.8%, increasing from Rs 2,720.6 crore in FY 2023 to Rs 2,877.5 crore in FY 2024. However, revenue saw a significant decline of (70.5%), dropping from Rs 196.3 crore in FY 2023 to Rs 57.8 crore in FY 2024. Similarly, profit after tax decreased by (59.8%), falling from Rs 34.5 crore in FY 2023 to Rs 13.9 crore in FY 2024.

On the other hand, total borrowings increased by 19.4%, rising from Rs 1,279.7 crore in FY 2023 to Rs 1,527.7 crore in FY 2024. While the company maintained asset growth, the sharp declines in revenue and profit, along with the increase in borrowing, suggest a need for a strategic focus on revenue recovery and debt management.

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