IPO Details
Bidding Dates
19 Nov 24 - 22 Nov 24
Price Range ₹
102 - 108
Total Equity
₹ 6406.21Cr
Lot Size
138
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
3.44×
Qualified Institutional Buyers
3.32×
Employees
0.80×
Retail Investors
3.44×
Total subscription Rate
2.42×
IPO Timeline
Offer start
19 Nov 2024
Offer end
22 Nov 2024
Allotment
25 Nov 2024
Refund initiation
26 Nov 2024
Demat transfer
26 Nov 2024
Listing
27 Nov 2024
Offer start
19 Nov 2024
Offer end
22 Nov 2024
Allotment
25 Nov 2024
Refund initiation
26 Nov 2024
Demat transfer
26 Nov 2024
Listing
27 Nov 2024
About Company
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited, focusing on renewable energy projects through both organic and inorganic growth strategies. 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. By June 30, 2024, NTPC Green Energy's portfolio comprised 14,696 MW, which included 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects. It had 15 off-takers across 37 solar and 9 wind projects, and was constructing 31 renewable energy projects totaling 11,771 MW in seven states. Competitive Strengths - Backed by NTPC Limited, leveraging extensive expertise in large-scale project execution and strong relationships with off-takers and suppliers, supported by substantial financial strength. - Portfolio of 14,696 MW in solar and wind projects as of June 2024. - Skilled team experienced in renewable energy project implementation. - Workforce of 234 employees and 45 contract laborers as of June 30, 2024.
Year Founded
07-04-2022
Promotor Details
Gurdeep Singh
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 89.01 |
| Share Capital | 7500000000 | 7500000000 |
Offer to Public
59,31,67,575.00 Cr
Project Details
- Investment in our wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepa - 75000cr
Objectives
- Investment in our wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL.General corporate purposes.
Highlights
- The company ranks among the top 10 renewable energy players in India in terms of operational capacity as of June 30, 2024.
- It benefits from being promoted by NTPC Limited, known for its vast experience in executing large-scale projects, strong relationships with off-takers and suppliers, and substantial financial strength.
- As of June 30, 2024, it had a diversified portfolio of 14,696 MW in solar and wind projects across various geographies, with 15 off-takers across 37 solar and 9 wind projects.
- The company’s strong revenue growth and favorable credit ratings enable it to maintain a low cost of capital.
- As of June 30, 2024, it was the largest renewable energy public sector enterprise (excluding hydro) by operational capacity and power generation for Fiscal 2024.
Challenges
- Renewable energy project construction activities may face cost overruns or delays, potentially impacting the company's business performance, operational results, financial health, and cash flow.
- The company's operating renewable energy projects are primarily concentrated in Rajasthan, making it vulnerable to adverse effects from significant social, political, economic, or seasonal disruptions, natural calamities, or civil disturbances in the region.
- Delays or inability to collect receivables from utility off-takers could negatively impact the company's business operations and financial condition.
- The company has significant capital expenditure needs and may require additional financing to meet these demands, which could put pressure on its financial stability.
- A concentrated pool of utilities and power purchasers accounts for the majority of its revenue, with more than 87% of operational revenue in Fiscal 2024 coming from the top five off-takers, including around 50% from a single largest off-taker. This reliance poses risks to revenue stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 1,84,313.95 | 47,196.11 | 1,712.28 | 1,712.19 | 0.3628 |
| 2024 | 2,72,064.22 | 57,196.11 | 3,447.21 | 3,447.10 | 0.6027 |
