For its IPO, the company raised Rs. Fixed a price band of 102-108, which is a new equity sale of 92.5 crore shares. Through this offer NTPC Green Energy will get Rs. 10,000 crore is targeted to be raised.
Promoted by NTPC, NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity till June 2024 and power generation in FY 2024.
NTPC Green’s portfolio comprises 14,696 MW, including 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects.
The proceeds from the fresh issue will be used for investments in its wholly-owned subsidiary, NTPC Renewable Energy, for debt repayment and for other general corporate purposes.
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NTPC Green Energy’s revenue from operations grew at a CAGR of 46.82%, to reach Rs. 910.42 crore in FY 2024 to Rs. 1,962.6 crores. Profit after tax grew at a CAGR of 90.75% to Rs. 94.274.24 in Rs. crore in FY24.
The company paid Rs. A price band of 102-108 has been fixed, in which investors can bid for 138 shares in one lot. About 75% of the public offer is reserved for qualified institutional buyers, 10% for retail investors and the remaining 15% for non-institutional investors.
The final share allotment will take place on November 25, with the company expected to be listed on the stock exchange on November 27.
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IDBI Capital Markets & Securities, HDFC Bank, IFL Capital Services (formerly known as IIFL Securities), and Nuwama Wealth Management are book-running lead managers for the issue.
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