If you’re an investor with an eye on sustainable energy, the NTPC Green Energy IPO is worth a closer look. Set to hit the market from November 19 to November 22, 2024, this IPO offers a golden opportunity to ride the wave of India’s renewable energy boom. Let’s dive into what makes this IPO tick and why it could be a smart addition to your portfolio.
What is NTPC Green Energy?
NTPC Green Energy Limited (NGEL) is a subsidiary of NTPC, India’s largest power generation company. NGEL focuses on renewable energy projects, including solar, wind, and green hydrogen. With India’s push toward carbon neutrality by 2070, NGEL is at the forefront of this transition, making it a promising player in the energy sector.
Key IPO Details
Here’s what you need to know:
- IPO Dates: November 19-22, 2024
- Listing Exchanges: NSE and BSE
- Purpose: The funds raised will primarily be used to expand renewable energy capacity and reduce debt, a strategic move to fuel its growth trajectory.
Why Consider This IPO?
- Growing Demand for Green Energy:
With global energy needs shifting toward renewables, NGEL is well-positioned to benefit from this trend. India’s aggressive renewable energy targets and government incentives add to its appeal. - Strong Parent Company:
Being backed by NTPC ensures financial stability and operational expertise, reducing risks associated with standalone renewable energy companies. - Long-Term Growth Potential:
As energy transitions take center stage globally, investments in green energy are likely to see sustained interest. NGEL’s focus on solar, wind, and green hydrogen aligns with these trends.
Risks to Consider
While the NTPC Green Energy IPO looks promising, it’s essential to weigh potential risks:
- Sector Challenges: Renewable energy projects are capital-intensive, and returns may take time.
- Policy Dependence: The company’s growth heavily relies on favorable government policies and subsidies.
- Market Volatility: IPO performance can fluctuate based on broader market conditions.
NTPC Green Energy IPO Details
IPO Open Date: November 19, 2024 IPO Close Date: November 22, 2024 Face Value: ₹10 Per Equity Share IPO Price Band: ₹102 to ₹108 Per Share Issue Size: Approx ₹10,000 Crores Fresh Issue: Approx ₹10,000 Crores Issue Type: Book Built Issue IPO Listing: BSE & NSE Retail Quota: Not more than 10% QIB Quota: Not more than 75% NII Quota: Not more than 15% EMP Discount: ₹5 Per Share DRHP Draft Prospectus: Click Here RHP Draft Prospectus: Click Here Anchor Investors List: Click Here NTPC Green Energy IPO Market Lot
The NTPC Green Energy IPO minimum market lot is 138 shares with ₹14,904 application amount. The retail investors can apply up to 13 lots with 1,794 shares or ₹1,93,752 amount.
Application Lot Size Shares Amount Retail Minimum 1 138 ₹14,904 Retail Maximum 13 1,794 ₹1,93,752 S-HNI Minimum 14 1,932 ₹2,08,656 B-HNI Minimum 68 9,384 ₹10,13,472 NTPC Green Energy IPO Dates
The NTPC Green Energy IPO date is November 19 and the close date is November 22. The NTPC Green Energy IPO allotment will be finalized on November 25 and the IPO listing on November 27.
IPO Open Date: November 19, 2024 IPO Close Date: November 22, 2024 Basis of Allotment: November 25, 2024 Refunds: November 26, 2024 Credit to Demat Account: November 26, 2024 IPO Listing Date: November 27, 2024