NTPC Green Energy, a division of NTPC Ltd., is set to go up for auction Tuesday in one of the largest initial public offerings (IPOs) of 2024. With a brand-new offering, it hopes to raise Rs 10,000 crore. Following Hyundai Motors India’s Rs 28,756 crore offering and Swiggy’s Rs 11,327 crore listing, this IPO will be the third biggest of the year.
NTPC Green Energy was established in April 2022 and is a fully-owned subsidiary of NTPC Ltd. It focuses on renewable energy projects through acquisitions and organic expansion. The company operated 3,071 MW of solar energy projects and an additional 100 MW of wind projects scattered across six states as of August 31, 2024. NTPC Green Energy wants to help India achieve its green energy objectives by growing its clean energy portfolio.
NTPC Green Energy IPO Details
| IPO Open Date | November 19, 2024 |
| IPO Close Date | November 22, 2024 |
| Listing Date | Wednesday, November 27, 2024 |
| 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) |
| Listing At | BSE, NSE |
NTPC Green Energy Financial Analysis
| FY 2024 | |
| Assets | 32,408.30 |
| Revenue | 1,132.74 |
| Profit After Tax | 175.30 |
| Net Worth | 8,189.18 |
| ROE | 7.39% |
| Debt/Equity | 1.91 |
| RoNW | 2.14% |
| P/BV | 9.89 |
| PAT Margin (%) | 16.2 |
About the Company – NTPC Green Energy
The largest public sector renewable energy project in terms of operating capacity and power generation in Fiscal 2024 is NTPC Green, a division of NTPC Ltd. In more than six Indian states, the company’s portfolio includes both wind and solar generating assets spread across multiple regions. Its operational capacity was 3,071 MW for solar projects and 100 MW for wind projects as of August 31, 2024. Its capacity under the pipeline is 10,975 MW, and as of June 30, 2024, it has 14,696 MW, which includes 2,925 MW of running projects and 11,771 MW of committed and awarded projects.
