NTPC Green Energy IPO - Day 3 Subscription at 1.02 Times

NTPC Green Energy's initial public offering (IPO) has received steady investor interest over the three-day period. The IPO witnessed consistent growth in demand, with subscription rates growing from 0.36 times on day one, to 0.99 times on day two, and crossing full subscription at 1.02 times by 10:11 AM on day three.

NTPC Green Energy IPO, which opened on 19th November 2024, has seen strong participation across categories. The Retail Investors segment has shown robust interest reaching 2.66 times subscription, while Others category demonstrated good participation at 1.13 times. The QIB portion stands at 0.79 times, while Non-Institutional Investors showed moderate participation at 0.39 times.

This positive response comes amid ongoing sentiment in the Indian stock market, particularly towards companies in the renewable energy sector.
 

Subscription Status of NTPC Green Energy IPO:

*As of 10:11 AM
Here are the subscription details for NTPC Green Energy IPO as of Day 3 (22nd November 2024, 10:11 AM):

Total Applications: 16,04,097

Note:

Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portion of anchor investors is not included in the total shares offered.

Key Highlights:

• Overall subscription exceeded full subscription by 1.02 times
• Retail investors led with a strong 2.66 times subscription
• Other categories crossed full subscription at 1.13 times
• QIB portion showed decent interest at 0.79 times
• Non-institutional investors at 0.39 times subscription
• Small Non-Institutional Investors (sNII) at 0.70 times versus bNII at 0.24 times
• Employee portion reached 0.48 times
• Total applications increased to 16,04,097
• The subscription trend indicates balanced investor response across categories

• NTPC Green Energy IPO - Day 2 Subscription at 0.99 Times

Key Highlights:

• Overall subscription reached 0.99 times, nearing full subscription
• Retail investors showed strong interest with a 2.53 times subscription
• Other categories exceeded full subscription at 1.08 times
• QIB portion showed good participation at 0.79 times
• Non-institutional investors at 0.36 times subscription
• Employee portion improved to 0.43 times
• The subscription trend indicated growing momentum across categories

NTPC Green Energy IPO - Day 1 Subscription at 0.36 Times

Key Highlights:

• Overall subscription reached 0.36 times on the opening day
• Retail investors showed strong interest with 1.47 times subscription
• Other category demonstrated good participation at 0.63 times
• Non-institutional investors showed modest interest with 0.17-time subscription
• Employee portion reached 0.19 times the subscription
• QIB portion showed no significant participation
• The subscription trend indicated positive retail response on day one

About NTPC Green Energy Limited

Incorporated in April 2022, NTPC Green Energy Limited stands as a wholly-owned subsidiary of NTPC Limited, focusing on renewable energy projects through both organic and inorganic routes. As of June 30, 2024, the company boasts an impressive portfolio of 14,696 MW, including 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects spread across multiple states.

The company's operational capacity, as of August 31, 2024, includes 3,071 MW from solar projects and 100 MW from wind projects across six states. It maintains relationships with 15 off-takers across 37 solar projects and 9 wind projects. Currently, the company is engaged in constructing 31 renewable energy projects in 7 states, totaling 11,771 MW.

With a workforce of 234 employees and 45 contract laborers as of June 30, 2024, the company benefits from its promotion by NTPC Limited, leveraging extensive experience in large-scale project execution, strong relationships with off-takers and suppliers, and significant financial strength. The company has demonstrated impressive financial performance with revenue growth of 1094.19% and PAT growth of 101.32% between FY2023 and FY2024.

Highlights of the NTPC Green Energy IPO

• IPO type: Book Built Issue
• IPO size: ₹10,000.00 crores
• Fresh Issue: 92.59 crore shares
• Face value: ₹10 per share
• Price band: ₹102 to ₹108 per share
• Lot size: 138 shares
• Minimum investment for retail investors: ₹14,904
• Minimum investment for sNII: ₹208,656 (14 lots)
• Minimum investment for bNII: ₹1,013,472 (68 lots)
• Employee Discount: ₹5 per share
• Listing at: BSE, NSE
• IPO opens: November 19, 2024
• IPO closes: November 22, 2024
• Allotment date: November 25, 2024
• Listing date: November 27, 2024
• Lead Managers: IDBI Capital, HDFC Bank, IIFL Securities, Nuvama Wealth Management
• Registrar: Kfin Technologies Limited