Price band
₹ 102 to 108 per equity share
Opens On: 19 Nov 2024
Closes On: 22 Nov 2024
₹ 102 to 108 per equity share
138 shares and in multiples thereof
| Issue size | Rs. 10000.00 Cr |
| Price band | Rs. 102 to 108 per equity share |
| Bid lot | 138 shares and in multiples thereof |
| Issue break-up | QIB - Rs. 6600.00 Cr |
| HNI - Rs. 1320.00 Cr | |
| RET - Rs. 880.00 Cr | |
| Registrar | KFin Technologies Ltd. |
| Listing at | BSE & NSE |
NTPC GREEN ENERGY LIMITED is a wholly owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise. They are the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 30, 2024 and power generation in Fiscal 2024. (Source: CRISIL Report, November 2024).
Their renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in more than six states which helps mitigate the risk of location-specific generation variability. (Source: CRISIL Report, November 2024).Their operational capacity was 3,220 MW of solar projects and 100 MW of wind projects across six (6) states as of September 30, 2024. They are strategically focused on developing a portfolio of utility-scale renewable energy projects, as well as projects for public sector undertakings (“PSUs”) and Indian corporates.Their projects generate renewable power and feed that power into the grid, supplying a utility or off taker with energy.
For their operational projects, they have entered into long-term Power Purchase Agreements (“PPAs”) or Letters of Award (“LoAs”) with an offtaker that is either a Central government agency like the Solar Energy Corporation of India (“SECI”) or a State government agency or public utility. As of September 30, 2024, they had 17 offtakers across 41 solar projects and 11 wind projects. They define offtakers as parties with whom they have megawatts operating, contracted or awarded (signed PPA or from whom they have received an LoA). As of September 30, 2024, all 9 of their offtakers from which they earned revenue in the six months period ended September 30, 2024 were government agencies and public utilities with which they have long-term PPAs with an average term of 25 years.
They believe that they, along with the NTPC Group, have strong inhouse experience in renewable energy project execution and procurement. In solar projects, they usually take responsibility for procurement of major equipment and supplies and the contractor builds, commissions and hands over the solar plant. They also use the turnkey EPC contract model based on specific project conditions. In wind projects, they generally use the turnkey EPC model, entering into contracts with OEMs for manufacturing, installing, and commissioning wind turbines and the balance of plant.
Note: The actual amount will be debited when the shares are allotted to you.
Note: The actual amount will be debited when the shares are allotted to you.
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
Yes. IPO & Bonds will reflect in the portfolio.
In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Bidding time will be till 1200 hrs on the closing day of the issue.
Your bank should be a part of the ASBA participating bankers. Click here to check the list of banks.
Yes, you will receive a sms once the IPO form is processed.
BSE IPO index to track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).
This report provides the debit/credit entry of all the transfers done in the IPO and MF account
Click here to check the status of your IPO application
This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).
