Financial & Legal

  The much-anticipated NTPC Green Energy Limited IPO is here, capturing the attention of investors looking to expand their portfolios with renewable energy stocks. NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, focuses on renewable energy projects across solar and wind sectors. This article provides an in-depth overview of NTPC Green Energy’s IPO, covering everything from the IPO dates to NTPC’s share price insights. Overview of NTPC Green Energy Limited Established in April 2022, NTPC Green Energy Limited is on a mission to advance India's renewable energy sector. This dynamic subsidiary has achieved an impressive operational capacity of over 3,071 MW in solar power and 100 MW in wind energy. Spread across six states, NTPC Green Energy continues to grow its portfolio, now totaling 14,696 MW with ongoing and contracted projects. NTPC Green Energy Limited leverages NTPC Limited’s expertise and reputation to create a solid foundation in the renewable energy industry, positioning itself as a leader in the sector. NTPC Green Energy Limited IPO Key Details The NTPC Green Energy IPO will officially open on November 19, 2024, and close on November 22, 2024. This book-built issue offers investors the opportunity to purchase shares priced between Rs.102 and Rs.108. The IPO is expected to raise Rs.10,000 crore with an offering of 92.59 crore shares. The IPO listing date is November 27, 2024 on the BSE and NSE. For retail investors, the minimum investment is set at 1 lot (138 shares). The proceeds from the IPO will primarily support NTPC Renewable Energy Limited, which plans to use these funds for loan repayments and other corporate needs. This strategic move underscores NTPC’s commitment to expanding India’s green energy sector, particularly in solar and wind projects. Financial Performance of NTPC Green Energy NTPC Green Energy has demonstrated remarkable growth. Between FY 2023 and FY 2024, the company’s revenue surged by 1,094.19%, while profit after tax (PAT) increased by 101.32%. Its rising revenue and strong credit ratings help keep the company’s capital costs low, further benefiting NTPC's share value. The revenue bifurcation highlights that the majority of income derives from solar and wind energy operations, along with consulting and project management services. Reasons to Invest in NTPC Green Energy Ltd IPO Strong Industry Growth: NTPC Green Energy is a promising player in the renewable sector, with a growing portfolio in solar and wind projects. Government Support: NTPC Green Energy has government backing, which provides stability. Financial Growth: The company’s impressive revenue growth and profitability make it an attractive investment. IPO GMP: NTPC Green Energy IPO GMP (grey market premium) currently stands at Rs.5, indicating a positive sentiment among investors. Potential Risks Although NTPC Green Energy Limited shows promising growth, potential investors should consider factors like the company’s high debt, dependency on key clients, and supply chain reliance. Investors should monitor NTPC’s limited share price and the impact on NTPC’s share value if these issues arise. How to Apply for the NTPC Green Energy IPO Interested investors can apply for the NTPC Green Energy IPO via the Finowings IPO platform. Opening a Demat account is a simple process and allows investors to secure their IPO application and monitor NTPC’s share price. Conclusion   The NTPC Green Energy Limited IPO offers a valuable entry into India’s fast-expanding renewable energy sector. With NTPC’s backing, this IPO could be a beneficial addition to portfolios focused on sustainable investments. As always, potential investors should carefully evaluate NTPC Green Energy’s strengths and risks before investing.

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