Tue Nov 19 08:07:46 UTC 2024: ## NTPC Green Energy IPO Opens Today, Seeking ₹91,000 Crore Valuation
**Mumbai, November 19, 2024** – NTPC Green Energy’s initial public offering (IPO) opened today, marking the third-largest IPO of the year after Hyundai Motor India and Swiggy. The IPO, which will remain open until November 22nd, offers shares at a price band of ₹102 to ₹108. Retail investors can apply for a minimum lot size of 138 shares, requiring an investment of ₹14,904.
The IPO is expected to raise substantial capital, with the company potentially achieving a market capitalization of ₹91,000 crore at the upper end of the price band. The funds will be used to invest in subsidiary NTPC Renewable Energy, repay debt, and for general corporate purposes.
NTPC Green Energy has experienced significant growth, with revenue increasing from ₹910.42 crore in FY22 to ₹1,962.6 crore in FY24, representing a 46.82% Compound Annual Growth Rate (CAGR). Profit also saw a remarkable rise, from ₹94.74 crore in FY22 to ₹344.72 crore in FY24, a 90.75% CAGR. The company boasts a substantial renewable energy portfolio of 14,696 megawatts, making it the largest renewable energy company (excluding hydro) in terms of operating capacity as of June 2024.
The allotment date for the IPO is set for November 25th, with a potential listing on the BSE and NSE on November 27th. IDBI Capital Markets Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers, while KFin Technologies serves as the registrar.
While grey market premium (GMP) indicates a possible slight premium around 0.65%, investors are advised to exercise caution and consult with financial experts before investing. This information is for informational purposes only and does not constitute investment advice. Equity market investments carry inherent risks.
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