An IPO is purely a fresh issue of equity shares. The offer also includes reservation for subscription by eligible employees and discounts are offered to eligible employees bidding in the employee reservation portion.
The proceeds from the fresh issue will be used for investment in its wholly owned subsidiary, NTPC Renewable Energy, repayment of debt and other general corporate purposes.
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.
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The company’s renewable energy portfolio includes both solar and wind power assets with a presence at multiple locations in more than six states, helping to mitigate the risk of location-specific generation variability.
Revenue from operations of NTPC Green Energy in FY 2022 to Rs. 910.42 crore in 2024 to Rs. 1,962.6 crores. Profit after tax Rs. 94.42.4274. in Rs. 94.24.74 crores to Rs. has grown at a CAGR of 90.75 percent. FY24.
Meanwhile, education-focused non-banking financial company Avance Financial Services has also received final observations from Sebi for its proposed IPO.
Avance Financial Services proposes to use the net proceeds to increase the capital base to meet the company’s future capital requirements arising out of the growth of the business and assets.
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