NTPC Green Energy IPO

NTPC Green Energy IPO is listed on BSE and NSE, priced at ₹102–₹108 per share. The stock debuted at ₹111.5, delivering a listing gain of 3.2%. The IPO had a lot size of ₹138 shares and a minimum investment of ₹14,904.

NTPC Green Energy Limited IPO

Mainboard Listed
₹14,904 (138 Shares)
Minimum Investment
Check Allotment
IPO Dates
Nov 19, 2024 – Nov 22, 2024
Price band
₹102-108 per equity share
Minimum Investment
₹14,904
Issue size
₹10000 Cr
Lot size
138
Allotment Date
Nov 25, 2024
Listing
Nov 27, 2024
Listing At
BSE, NSE

IPO timeline

  1. Nov 19, 2024

    Open Date

    Completed

  2. Nov 22, 2024

    Close Date

    Completed

  3. Nov 25, 2024

    Allotment Date

    Completed

  4. Nov 27, 2024

    Listing Date

    Completed

Price Summary

Last closing
100.84 (-6.63%)
52 week high
119.95
52 week low
84.00
Last update

NTPC Green Energy IPO Essentials

NTPC Green Energy IPO Details

NTPC Green Energy IPO is priced at ₹102-108 per share with a total issue size of 10000 crore. The IPO has a lot size of 138 shares and is listed on BSE and NSE.

Issue price
₹102-108 per equity share
Lot size
138 shares
Face value
₹10 Per Equity Share
Issue size
925,925,926 shares(aggregating up to ₹10,000.00 Cr)
Total issue size
92,59,25,926 shares
(aggregating up to ₹10000 crore)
Fresh issue
92,59,25,926 shares
(aggregating up to ₹10000 crore)
Listing at
BSE, NSE
List price
111.5(NSE)
Listing date
Registrar
Kfin Technologies Limited
Lead manager
Idbi Capital Market Services Limited, Hdfc Bank Limited, Iifl Securities Ltd, Nuvama Wealth Management Limited

Market Lot Size

Investors can bid for a minimum of 138 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 138 ₹14,904
Retail(max) 13 1794 ₹1,93,752

NTPC Green Energy IPO Documents

NTPC Green Energy IPO Reservation

NTPC Green Energy IPO reservation details show category-wise allocation of shares. Out of the total 92,68,24,883 shares, approximately 26.37% are reserved for QIB, 13.19% for NII, 8.79% for retail investors, 2.1% for employees, and 39.56% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 36,66,66,666 (39.56%)
QIB Shares Offered 24,44,44,445 (26.37%)
NII (HNI) Shares Offered 12,22,22,222 (13.19%)
bHNI > ₹10L 8,14,81,482 (8.79%) 42,174
sHNI < ₹10L 4,07,40,741 (4.4%) 21,087
Retail Shares Offered 8,14,81,481 (8.79%) 5,90,445
Employee Shares Offered 1,94,17,476 (2.1%)
Total Shares Offered 92,68,24,883 (100%)

NTPC Green Energy IPO Analytics

NTPC Green Energy IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

NTPC Green Energy IPO Subscription Status

NTPC Green Energy IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
Retail Total
Shares Offered / Reserved 244,444,445
122,222,222
81,481,481
40,740,741
81,481,481 560,158,217
Day 1 19-11-24 05:00 PM
0.00 x
0.16x
0.08x
0.31x
1.33 x 0.33 x
Day 2 21-11-24 05:00 PM
0.75 x
0.34x
0.21x
0.62x
2.38 x 0.93 x
Day 3 22-11-24 05:00 PM
3.32 x
0.81x
0.57x
1.29x
3.44/SH:1.60 x 2.42 x
Total No. of Applications
bHNI sHNI Retail
22,26,023 (Approx) —x —x 2.57x

NTPC Green Energy Valuations

Earnings

EPS Pre IPO
0.46
EPS Post IPO
0.42
P/E Pre IPO
234.97
P/E Post IPO
259.56

Returns

ROE
7.39%
RoNW
2.14%
PAT Margin
16.20

Fundamentals

Debt / Equity
1.91
Price / Book
9.89

Data sourced from DRHP / RHP • For educational purposes only

NTPC Green Energy Financials( In Crs.)

30-Sep-24 31-Mar-24 31-Mar-23
Assets 32,408.30 27,206.42 18,431.4
Revenue 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 N/A
Reserves & Surplus 596.08 512.60 167.88
Total Borrowing 17,057.50 12,796.74 N/A

NTPC Green Energy Company & Offer Insights

About NTPC Green Energy

NTPC Green Energy Limited is the green energy business of NTPC Limited, registered in April 2022 and energetically leading the charge of transition in India into a clean energy future. Growth for NTPC Green is derived from organic development projects and strategic investments in addition to focusing on making India breathe clean today. NTPC Green commissioned 3,071 MW of solar power, and 100 MW of wind power in six states in India by August 2024 and provided energy supplies for communities and industries.

NTPC Green has grown rapidly with a pipeline of 14,696 MW, of which active projects stand at 2,925 MW and under-development ventures at 11,771 MW. The company is currently working with 15 off-takers in as many as 37 solar and 9 wind projects, which gives it firm partnerships and strong energy lines. Backed by the deep expertise and industry connections of NTPC, NTPC Green is a strong player in the renewable sector, led by a dedicated team of 234 employees and 45 contractors who are bringing India closer to a sustainable future.

NTPC Green Energy Promoter(s)

President of India, acting through the Ministry of Power, Government of India, NTPC Limited are the company's promoters of NTPC Green Energy.

NTPC Green Energy IPO Issue Objectives

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
General corporate purpose.

NTPC Green Energy IPO - Anchor Investors

NTPC Green Energy raises Rs 3,960 crore via anchor book.

Marquee global institutional investors that became shareholders in NTPC Green Energy in anchor list included New World Fund, International Growth and Income Fund, Goldman Sachs, Morgan Stanley, New York State Teachers Retirement System, Government of Singapore, Monetary Authority of Singapore, T Rowe, Abu Dhabi Investment Authority, and BNP Paribas.

Domestic institutional investors like LIC of India, ICICI Prudential Mutual Fund, Nippon Life India, Kotak AMC, Aditya Birla Sun Life AMC, DSP Mutual Fund, Whiteoak Capital, Canara Robeco MF, Invesco India, SBI Life Insurance, HDFC Life Insurance, Edelweiss Trusteeship, Baroda BNP Paribas MF, HSBC MF, Aditya Birla Sun Life Insurance, Allianz India Equity, Bandhan Mutual Fund, PI Opportunities AIF, Bank of India MF, Union MF, ITI MF, and Canara HSBC Life Insurance also bought shares of the company through the anchor book.

NTPC Green Energy IPO - Peers Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
NTPC Green Energy Limited 0.73 0.73 10.9 N/A 5.53 9.91 Consolidated
Adani Green Energy Ltd 6.21 6.2 62.08 259.83 12.81 28.82 Consolidated
Renew Energy Global PLC 9.94 9.92 290.15 47.05 3.94 1.61 Consolidated

Notes:

  1. The P/E ratio for the listed industry peers has been computed based on the closing market price of equity shares on BSE Limited ('BSE')/ Nasdaq as of November 4, 2024, divided by the diluted earnings per share for the year ended March 31, 2024. Foreign exchange rate of ₹ 84.105 per USD.
  2. For listed industry peers, EV source from Bloomberg market data is based on closing price as of November 4, 2024. The EV/ Operating EBITDA ratio has been computed as EV source from Bloomberg market data, divided by Operating EBITDA for the year ended March 31, 2024.
  3. Operating EBITDA for listed industry peers for the year ended March 31, 2024, has been computed as profit before interest, taxes, depreciation and amortisation, other income and exceptional items for the financial year or during a given period.
  4. RoNW (%) = Return on Net Worth (RoNW) is calculated as profit for the period/ financial year divided by Net Worth as at the end of the year/period. Net Worth means the sum of equity share capital and other equity, excluding non-controlling interest.

NTPC Green Energy IPO - Strengths and Risks

NTPC Green Energy IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

NTPC Green Energy is backed by the extensive experience of NTPC Limited.
The company holds a diverse portfolio of 14,696 MW renewable projects.
Strong credit ratings enable NTPC Green Energy to lower capital costs.
The company is expanding into green hydrogen and energy storage solutions.

Risks

Heavy reliance on a few major customers creates revenue vulnerability.
Supply disruptions for solar and wind components can impact operations.
Concentration of projects in Rajasthan increases risk from local disruptions.

Contact Information

Contact Details

NTPC Green Energy

+91 11 24362577

ngel@ntpc.co.in

https://www.ngel.in/

NTPC Bhawan, Core -7, SCOPEComplex 7 Institutional Area, Lodi Road, New Delhi,-110003

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

ntpcgreen.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/

Frequently Asked Questions

Click any question to reveal the answer

NTPC Green Energy IPO is a book-built IPO worth ₹10000 crore. The price band is ₹102–₹108 per share. The IPO opens on Nov 19, 2024 and closes on Nov 22, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The price band of NTPC Green Energy IPO is ₹102 to ₹108 per share.

The lot size of NTPC Green Energy IPO is 138 shares.

The minimum investment for NTPC Green Energy IPO is approximately ₹14,904 based on the upper price band .

NTPC Green Energy IPO opens on Nov 19, 2024 and closes on Nov 22, 2024.

The allotment date of NTPC Green Energy IPO is Nov 25, 2024.

NTPC Green Energy IPO is expected to be listed on Nov 27, 2024, on BSE and NSE .

NTPC Green Energy IPO listed on Nov 27, 2024. It was issued at ₹111.5(NSE) and is currently around ₹100.84 as on 5-Jun-2026 3:30 PM, which is approximately -6.6% versus issue price. The 52-week high is ₹119.95.

Based on listing and post-listing performance, NTPC Green Energy IPO delivered around -6.6% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy NTPC Green Energy IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

NTPC Green Energy IPO valuation snapshot: P/E 259.56, EPS 0.42, P/B 9.89, RoNW 2.14%, and market cap N/A.

To apply for NTPC Green Energy IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of NTPC Green Energy IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for NTPC Green Energy IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check NTPC Green Energy IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the NTPC Green Energy IPO allotment status on IPO Ji for quick and easy access.