The ₹10,000 crore NTPC Green Energy IPO has attracted significant investor interest as it enters its final day of subscription on November 22, 2024. Here’s a comprehensive look at its performance and expert insights.
Subscription Status (As of Day 3)
| Category | Subscription |
|---|---|
| Retail Investors | 2.55 times |
| Non-Institutional Investors (NII) | 0.38 times |
| Qualified Institutional Buyers (QIB) | 0.75 times |
IPO Details
| Aspect | Details |
|---|---|
| Price Band | ₹102–₹108 per share |
| IPO Size | ₹10,000 crore |
| GMP (Grey Market Premium) | ₹0 (Flat as of Day 3) |
| Listing Date | November 27, 2024 |
| Registrar | KFin Technologies Ltd. |
Financial Performance and Valuation
| Metric | FY24 | FY25 (Projection) |
|---|---|---|
| Revenue | ₹7,895 crore | ₹10,500 crore |
| Profit After Tax (PAT) | ₹820 crore | ₹1,100 crore |
| P/E Ratio (FY25E) | 257.14 | Aggressively priced |
Key Highlights of NTPC Green Energy
- Diverse Portfolio: The company has solar and wind energy projects, with plans to expand into hydroelectric and power storage solutions.
- Strong Parentage: As a subsidiary of NTPC, the company benefits from a solid financial backing and operational expertise.
- Future Growth Potential: Expansion plans include investments in battery energy storage systems and green hydrogen derivatives, making it a long-term growth story.
Expert Opinions
- Positive Outlook: Analysts at Bajaj Broking and Geojit Securities recommend the IPO as a long-term investment opportunity due to its focus on renewable energy.
- Caution on Pricing: Some experts consider the IPO aggressively priced, urging investors to bet only surplus funds.
GMP Analysis
The Grey Market Premium (GMP) for NTPC Green Energy IPO has seen a consistent decline, standing at ₹0 on the final day. This suggests a flat listing, though long-term investors may see value in its renewable energy portfolio.
Should You Invest?
For investors with a long-term horizon, NTPC Green Energy IPO offers an opportunity to capitalize on the growing renewable energy sector. However, those seeking short-term gains should approach cautiously due to aggressive pricing and flat GMP trends.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct thorough research before investing.
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