The shares of NTPC Green Energy will be listed on November 27. The allotment of shares was finalised on November 25. The refund will be initiated on November 26 while the shares to the allottees will be credited on the same date.
NTPC Green Energy opened the issue on November 19 and closed it on November 22. The listing on the bourses is expected to be on November 27. The company raised Rs 10,000 crore. Its price band ranged between Rs 102 to Rs 108 per equity share. IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers of the issue.
NTPC Green Energy IPO Allotment Live Updates: subscription status
As of November 22, 2024 (Day 3), NTPC Green Energy's IPO was subscribed 2.55 times overall. The public issue saw strong demand in the retail category, which was subscribed 3.59 times, and in the Qualified Institutional Buyer (QIB) category, which was subscribed 3.51 times. However, the Non-Institutional Investor (NII) category saw relatively lower demand, with a subscription of 0.85 times.
NTPC Green Energy IPO Allotment Live Updates: Key performance indicators
As of September 30, 2024, NTPC Green Energy’s Key Performance Indicators (KPIs) reflect a market capitalization of Rs 91,000 crore. The company has a Return on Equity (ROE) of 7.39 per cent, a Debt-to-Equity ratio of 1.91, and a Return on Net Worth (RoNW) of 2.14 per cent. Additionally, its Price-to-Book Value (P/BV) stands at 9.89, and the Profit After Tax (PAT) margin is 16.2 per cent.
NTPC Green Energy IPO Allotment Live Updates: About NTPC Green Energy
NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, was incorporated in April 2022. By August 31, 2024, it had an operational capacity of 3,171 MW, including 3,071 MW from solar and 100 MW from wind across six states. As of June 30, 2024, the company's portfolio totaled 14,696 MW, with 2,925 MW operational and 11,771 MW contracted. It had 15 off-takers across 46 projects and was constructing 31 renewable energy projects across seven states.
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NTPC Green Energy IPO Allotment Live Updates: Anchor investor details
NTPC Green Energy's IPO has successfully raised Rs 3,960 crore from anchor investors. The anchor investor bid date was November 18, 2024, with a total of 366,666,666 shares being offered. The anchor portion size of the offering stands at Rs 3,960 crore. As per the lock-in period terms, 50 per cent of the anchor investor shares will be locked in for 30 days, with the lock-in period ending on December 25, 2024. The remaining shares will be locked in for 90 days, with the lock-in period concluding on February 23, 2025.
NTPC Green Energy IPO Allotment Live Updates: promoters share holding pre and post IPO issue
NTPC Green Energy's Initial Public Offering (IPO) is promoted by the President of India, acting through the Ministry of Power, Government of India, and NTPC Limited. Before the issue, the promoters hold 100 per cent of the company's shares. However, after the IPO, their shareholding will be reduced to 89.01 per cent.
NTPC Green Energy IPO Allotment Live Updates: NTPC Green Energy IPO, Tentative Schedule
The NTPC Green Energy IPO was opened on November 19, 2024, and close on November 22, 2024. The basis of allotment got finalized on November 25, 2024, with refunds and credit of shares to demat accounts occurring on November 26, 2024. The listing date for the shares is set for November 27, 2024. The cut-off time for UPI mandate confirmation is 5 PM on November 22, 2024.
NTPC Green Energy IPO Allotment Live Updates: NTPC Green Energy IPO lot size
The NTPC Green Energy IPO allows investors to bid for a minimum of 138 shares, with additional bids in multiples of 138. For retail investors, the minimum investment is Rs 14,904 for 138 shares, and the maximum is Rs 193,752 for 1,794 shares. For Small HNI (S-HNI) investors, the minimum investment is Rs 208,656 for 1,932 shares, with a maximum investment of Rs 998,568 for 9,246 shares. For Big HNI (B-HNI) investors, the minimum investment is Rs 1,013,472 for 9,384 shares.
NTPC Green Energy IPO Allotment Live Updates: NTPC Green Energy IPO basic details
The NTPC Green Energy IPO is open for subscription from November 19 to November 22, 2024, with a listing date set for November 27, 2024. The price band is Rs 102 to Rs 108 per share, with a face value of Rs 10 per share and a lot size of 138 shares. The total issue size is 925,925,926 shares, aggregating up to Rs 10,000 crore, with a fresh issue of the same amount. Employees will receive a discount of Rs 5 per share. The shares will be listed on both BSE and NSE, with pre-issue holding at 7,500,000,000 shares and post-issue holding at 8,425,925,926 shares.
NTPC Green Energy IPO Allotment Live Updates: NTPC Green Energy IPO Overall Subscription status
The Rs 10,000 crore NTPC Green Energy IPO, which concluded on November 22, 2024, saw an overall subscription of 2.55 times. Retail investors showed robust interest with 3.59 times subscription, while the Qualified Institutional Buyers (QIB) category subscribed 3.51 times. The Non-Institutional Investors (NII) category recorded a subscription of 0.85 times.
NTPC Green Energy IPO Allotment Live Updates: Objective of the NTPC Green Energy IPO
The net proceeds from the NTPC Green Energy IPO are earmarked for investment in its wholly owned subsidiary, NTPC Renewable Energy Limited (NREL), to repay or prepay certain outstanding borrowings of NREL, either fully or partially. A portion will also fund general corporate purposes.
NTPC Green Energy IPO Allotment Live Updates: Employee reservation
The issue included a reservation of up to 19,417,476 shares for employees offered at a discount of Rs 5 to the issue price. The employee section of the IPO was booked to a total of 0.83 times.
NTPC Green Energy IPO Allotment Live Updates: Mehta Equities on IPO
"Despite the selloff mood in the market and expensive valuations, NTPC Green Energy, the leading player in India’s renewable energy sector received a decent demand from NII & Retail investors while NII stayed back with low interest. We believe NTPC Green Energy Ltd IPO is an opportunity to invest in a leading player in India’s renewable energy sector, backed by the formidable resources and expertise of NTPC as a Long-term strategy only," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
NTPC Green Energy IPO Allotment Live Updates: Subscription status
The IPO was susbcribed to a total of 2.55 times. The retail investors subscribed the issue 3.6 times. The employee category was subscribed to a total of 0.8 times. The category was booked 1.67 times.
NTPC Green Energy IPO Allotment Live Updates: Mehta Equities on NTPC Green Energy IPO
"Considering all the parameters along with decent subscription demand and followed by market sentiments, the stock can list on neutral to flat gain 0-5% range on its issue price. Allotted investors should not expect any big listing gains due to market scenario. While long term investors should consider the company to "Hold it for long term" despite knowing short term volatility in the markets and competitive pressures in the sector. For non-allotted investors, we advise to accumulate if the listing is around the issue price," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
NTPC Green Energy IPO Allotment Live Updates: Anchor investment
NTPC Green Energy raised a sum of Rs 3,960 crore from anchor investors by selling 366.66 million shares while the anchor lock-in period will end on February 23, 2025.
NTPC Green Energy IPO Allotment Live Updates: Refund initiation
The refund will be initiated on November 26 following which the shares of NTPC Green Energy IPO will be credited in the D'mat accounts of the allotees.
NTPC Green Energy IPO Allotment Live Updates: How to know about the allotment status
The allotment status will be available once the basis of allotment is finalised. Please stay tuned to Financial Express.com for the latest on the IPO allotment status. In case there are any concerns or you have any doubts, you can also email or call Kfin Technologies. You can call them on 04067162222, 04079611000. The email ID that you can email your queries to is - ntpcgreen.ipo@kfintech.com.
NTPC Green Energy IPO Allotment Live Updates: How to check your allotment
Those who applied for the NTPC Green IPO, you can check your allotment status -
1. Firstly click on the allotment status icon/button
2. You need to select the company name after that
3. You have to then key in your application number or the DP Client ID along with your PAN number.
4. The next step is to click on search
Moreover, if you have got allotment, shares will get credited in your Demat account. In case you haven't, refunds would be initiated on November 26.
NTPC Green Energy IPO Allotment Live Updates: NTPC is the parent company for NTPC Green
NTPC Green Energy is a wholly owned subsidiary of NTPC. Global brokerage firm Bernstein has rated the stock 'Outperform' with a 12-month price target of Rs 440 per share.
NTPC Green Energy IPO Allotment Live Updates: Refunds to be initiated on November 26
NTPC Green Energy IPO Allotment Live Updates: Basis of allotment not finalised yet
The NTPC Green Energy IPO allotment status is not available yet as the registrar has not finalised the basis of allotment. Investors who has applied for the NTPC Green Energy IPO, can check their allotment status on November 26. One can check the allotment status online on the Kfin Technologies website. It is also available on the NSE and BSE websites.
NTPC Green Energy IPO Allotment Live Updates: Allotment status likely on November 25
NTPC Green Energy IPO allotment likely on November 25. The allotment status is generally available once the basis of allotment is finalized. You can get all the allotment details once the basis of allotment is finalised.
NTPC Green Energy IPO Allotment Live Updates: Lead managers
IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers of the NTPC Green Energy IPO.
NTPC Green Energy IPO Allotment Live Updates: All About NTPC Green Energy IPO
The NTPC Green Energy IPO is a book-built issue aimed at raising Rs 10,000 crore through the fresh issuance of 92,59,25,926 shares. The price band for the IPO is set between Rs 102 and Rs 108 per share, with a minimum lot size of 138 shares. At the upper price band, retail investors will need a minimum investment of Rs 14,904 to apply for one lot.
NTPC Green Energy IPO Allotment Live Updates: NTPC Green Energy IPO Latest GMP
As of November 25, 2024, at 12:30 PM, the grey market premium (GMP) for the NTPC Green Energy IPO stood at Rs 3.50. With an issue price band capped at Rs 108.00, the estimated listing price is projected at Rs 111.50, factoring in the current GMP. This implies an expected gain of 3.24% per share upon listing.
NTPC Green Energy IPO Allotment Live Updates: NTPC Green Energy IPO Overall Subscription status
The Rs 10,000 crore NTPC Green Energy IPO, which closed on November 22, 2024, received an overall subscription of 2.55 times. Retail investors demonstrated strong enthusiasm, with subscriptions reaching 3.59 times. The Qualified Institutional Buyers (QIB) category subscribed 3.51 times, while the Non-Institutional Investors (NII) category subscribed 0.85 times.
NTPC Green Energy IPO Allotment Live Updates: SBI Securities on NTPC Green Energy IPO
SBI Securities has recommended a long-term subscription to the NTPC Green Energy IPO, citing its attractive pricing and robust growth potential. The IPO is priced at an upper band of ₹108, valuing the company at an FY24 EV/Ebitda multiple of 53.4x based on post-issue capital.
The brokerage anticipates significant growth in NTPC Green Energy’s operational capacity, projecting an increase from 3.3 GW in September 2024 to 6 GW, 11 GW, and 19 GW by FY25E, FY26E, and FY27E, respectively.
In terms of financial performance, SBI Securities forecasts exceptional growth, estimating NTPC Green Energy’s revenue, Ebitda, and PAT to achieve compound annual growth rates (CAGRs) of 79%, 117.2%, and 123.8%, respectively, between FY24 and FY27E.
Highlighting the company’s strong growth trajectory and competitive pricing, SBI Securities states that “at the upper price band, the issue is attractively priced,” making it a compelling long-term investment opportunity.