NTPC Green Energy IPO: From financials to key dates, here are 10 things to know from the RHP

NTPC Green Energy IPO: The Initial public offering (IPO) of NTPC Green Energy starts on Tuesday, November 19. Here are 10 things to know from the RHP:

1. NTPC Green Energy IPO: Key dates

NTPC Green Energy IPO will open for subscription on November 19 and close on November 22. On Monday, November 25, the allocation for NTPC Green Energy IPO is anticipated to be finalised. 

2. NTPC Green Energy IPO size

NTPC Green Energy IPO is a ₹10,000 crore book-built offering. This issue involves a fresh issue of shares worth 92.59 crore.

3. NTPC Green Energy IPO: Price band & lot size

The price band for NTPC Green Energy IPO is ₹102 to ₹108 per share. The minimum lot size for the IPO is 138 shares. Retail investors will have to shell out at least ₹14,904 to subscribe to one lot of the IPO. For big NIIs, the minimum lot size investment is 68 lots (9,384 shares) worth ₹1,013,472, while for small NII, it is 14 lots (1,932 shares), totalling ₹208,656.

4. About NTPC Green Energy

NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, was incorporated in April 2022. NTPC Green is a renewable energy company that specialises in using both organic and inorganic methods to complete projects.

5. NTPC Green Energy IPO: Objectives of the issue

The company proposes to use the net proceeds from the IPO towards investment in the wholly-owned subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings and for general corporate purposes.

6.NTPC Green Energy IPO: Lead managers and registrar

NTPC Green Energy IPO's book-running lead managers are IDBI Capital Market Services Limited, HDFC Bank Limited, IIFL Securities Ltd and Nuvama Wealth Management Limited. The issue's registrar is Kfin Technologies Limited.

7. NTPC Green Energy IPO: Financials

NTPC Green Energy Limited's revenue increased by 1,094.19% and profit after tax (PAT) rose by 101.32% during FY24 over the previous financial year 2023.

8 NTPC Green Energy IPO: Peers

The peers of NTPC Green Energy LTD are Adani Green Energy Ltd and ReNew Energy Global PLC.

9. NTPC Green Energy IPO: Key Risks

The key risk for NTPC Green Energy IPO is that there is a concentrated pool of utilities and power purchasers for electricity generated by its plants and projects. Accordingly, the company derived a significant portion (more than 87%) of its revenue from operations from its top five off-takers in fiscal 2024, with its single largest off-taker contributing around 50% of the revenue from operations. Loss of any of these customers or a deterioration of their financial condition could adversely affect its business, results of operations and financial condition.

10. NTPC Green Energy IPO : Listing date

The tentative listing date for the NTPC Green Energy IPO is Wednesday, November 27, with the stock set to debut on both the BSE and NSE.

NTPC Green Energy IPO: GMP or Grey Market Premium

The GMP or Grey Market premium for NTPC Green Energy IPO is + ₹3, as per investorgain.com data. This means that the NTPC Green Energy shares are available in the grey market at ₹3 premium over the issue price in the grey market.

The investors thereby are anticipating the listing of NTPC Green Energy shares at ₹111, which is 2.78% higher than the upper band of the issue price of ₹108.

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