NTPC Green Energy Limited IPO is a book built issue of Rs 10,000.00 crores. The issue is entirely a fresh issue of 92.59 crore shares.
About NTPC Green Energy Limited
NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, was incorporated in April 2022. NTPC Green is a renewable energy firm that specialises in using both organic and inorganic methods to complete projects.
The company’s operating capacity as of August 31, 2024, was 3,071 MW from solar projects and 100 MW from wind projects spread throughout six states.
14,696 MW made up the company’s portfolio as of June 30, 2024, which included 11,771 MW of contractual and awarded projects and 2,925 MW of running projects.
The firm has 15 off-takers as of June 30, 2024, spread among 9 wind and 37 solar projects.
The business is building 31 renewable energy projects of 11,771 MW across 7 states as of June 30, 2024.
Objects of the Issue (NTPC Green Energy IPO Objectives)
The company proposes to utilise the Net Proceeds towards funding the following objects
- Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL
- General corporate purpose.
NTPC Green Energy IPO Details
| IPO Date | November 19, 2024 to November 22, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 138 Shares |
| Total Issue Size | 925,925,926 shares (aggregating up to ₹10,000.00 Cr) |
| Fresh Issue | 925,925,926 shares (aggregating up to ₹10,000.00 Cr) |
| Employee Discount | Rs 5 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 7,500,000,000 |
| Share holding post issue | 8,425,925,926 |
NTPC Green Energy IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10.00% of Net Issue |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
NTPC Green Energy IPO Timeline (Tentative Schedule)
NTPC Green Energy IPO opens on November 19, 2024, and closes on November 22, 2024.
| IPO Open Date | Tuesday, November 19, 2024 |
| IPO Close Date | Friday, November 22, 2024 |
| Basis of Allotment | Monday, November 25, 2024 |
| Initiation of Refunds | Tuesday, November 26, 2024 |
| Credit of Shares to Demat | Tuesday, November 26, 2024 |
| Listing Date | Wednesday, November 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 22, 2024 |
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