NTPC Green Energy IPO - Day 1 Subscription at 0.14 Times

NTPC Green Energy's initial public offering (IPO) has begun its subscription period with moderate investor interest. The IPO witnessed measured demand, reaching 0.14 times subscription by 11:29 AM on day one.

NTPC Green Energy IPO, which opened on 19th November 2024, has seen varied participation across categories. The Retail Investors segment has shown decent interest reaching 0.61 times subscription, while Non-Institutional Investors demonstrated limited participation at 0.05 times. The Employee portion stands at 0.08 times, while Others category has reached 0.24 times subscription. The QIB portion is yet to see participation.

This initial 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 11:29 AM
Here are the subscription details for NTPC Green Energy IPO as of Day 1 (19th November 2024, 11:29 AM):
 

Total Applications: 3,46,412
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 reached 0.14 times on opening day
• Retail investors showed decent interest with 0.61 times subscription
• Others category demonstrated moderate participation at 0.24 times
• Non-Institutional Investors showed limited interest with 0.05 times subscription
• Small Non-Institutional Investors (sNII) at 0.12 times versus bNII at 0.02 times
• Employee portion at 0.08 times subscription
• QIB portion yet to see participation
• Total applications reached 3,46,412 on the opening day

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