The much-awaited NTPC Green Energy IPO is set to open on November 19, 2024. As a wholly-owned subsidiary of NTPC Limited, this green energy company aims to raise ₹10,000 crore through a public issue.
With a price band set between ₹102 and ₹108 per share, the IPO is expected to attract significant investor interest due to the company’s strong growth outlook in the renewable energy sector.
Key Details of NTPC Green Energy IPO
| IPO Date | November 19 – November 22, 2024 |
|---|---|
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 138 shares per lot |
| IPO Size | ₹10,000 crore |
| Lead Managers | HDFC Bank, IDBI Capital, IIFL Securities |
| Registrar | KFin Technologies |
The company’s shares have already debuted in the grey market with a premium of ₹4, indicating positive investor sentiment ahead of the IPO.
Investment Insights
Growth Potential
NTPC Green Energy has demonstrated strong financial growth, with a 1094% increase in revenue in FY24. The company plans to expand its operational capacity from 3.3 GW as of September 2024 to 19 GW by FY27.
This exponential growth aligns with India’s push towards renewable energy, making it a promising investment opportunity.
| Year | Operational Capacity (GW) |
|---|---|
| FY24 | 3.3 GW |
| FY25E | 6 GW |
| FY26E | 11 GW |
| FY27E | 19 GW |
Grey Market Premium (GMP)
The grey market premium for NTPC Green Energy shares is currently at ₹4, indicating strong demand ahead of the official listing. Market observers expect the premium to rise as the IPO date approaches.
Listing and Allotment Dates
The NTPC Green Energy IPO allotment date is set for November 23, 2024, with shares expected to list on the BSE and NSE on November 27, 2024.
| Event | Date |
|---|---|
| IPO Opening Date | November 19, 2024 |
| IPO Closing Date | November 22, 2024 |
| Allotment Date | November 23, 2024 |
| Listing Date | November 27, 2024 |
Expert Opinion
SBI Securities has assigned a ‘subscribe’ rating to the NTPC Green Energy IPO, citing strong growth potential and a favorable valuation.
Analysts believe the company’s focus on renewable energy, coupled with its robust expansion plans, make it a solid long-term investment.
Disclaimer: This article is intended for informational purposes only. Please conduct your own research or seek advice from a financial advisor before making any investment decisions
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