India’s power sector giant, NTPC Green Energy Limited (NGEL)’s ₹10,000 crore IPO is going to open from November 19, 2024. Through this IPO, the company has given a great opportunity to its investors, in which we will tell you in detail what is special in this IPO and other important aspects related to it.
Important details of NTPC Green Energy IPO
NTPC Green Energy Limited’s IPO will open from November 19 and will be available for subscription till November 22, 2024. Its shares will be available in the price band of ₹102 to ₹108 per share. Out of the ₹10,000 crore raised through this IPO, ₹7,500 crore will be used to repay the debt of NTPC Renewable Energy, while the remaining amount will be used for general corporate purposes.
Key facts about the IPO
- Share Price: ₹102-108 per share
- IPO Opening Date: 19 November 2024
- IPO Closing Date: 22 November 2024
- Listing on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): 27 November 2024
- Total Amount: ₹10,000 crore
NTPC Green Energy: Company Profile
NTPC Green Energy Limited (NGEL) is a wholly-owned subsidiary of NTPC, India’s largest power generation company. The company is investing heavily in environmentally friendly, renewable energy such as solar energy and green hydrogen.
Major Projects of NTPC Green Energy
- Solar Energy Projects: NTPC Green Energy has achieved renewable energy capacity of 24 GW in its portfolio and aims to increase it further.
- Green Hydrogen Project: The company is setting up a green hydrogen hub at Pudimdaka in Andhra Pradesh.
- Khavda Project (Gujarat): NTPC is building India’s largest renewable energy project at Khavda, which includes two solar power projects with a total capacity of 2.45 GW.
Objective of NTPC Green Energy IPO
NTPC Green Energy plans to launch this IPO to increase its renewable energy capacity as well as repay debt. The company aims to get 45% of its total power generation from renewable energy by 2032.
Benefits of IPO
- Repayment of debt: ₹7,500 crore raised from the IPO will be used to repay the debt of NTPC Renewable Energy.
- Promote development plans: The remaining amount will be used to expand the company’s development and renewable energy projects.
- Financial stability: This IPO will provide financial strength to NTPC Green Energy, which will enable it to complete its projects faster.
What is special for investors for IPO?
NGEL’s IPO can be a great opportunity for investors who are planning to invest in the renewable energy sector. In this IPO, 75% stake is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.
Benefits of investing in this IPO
- Stable growth: NTPC Green Energy’s continuously developing projects and debt repayment plan make it a safe and stable investment.
- Future of renewable energy: NTPC’s focus is on renewable energy, which is going to be an important part of the power sector in future.
NTPC Green Energy’s expansion plans
NTPC Green Energy aims to install 500 GW of renewable energy capacity in India by 2030. Along with this, the company is also set to establish itself as a major player in green hydrogen production.
NTPC’s renewable energy capacity growth
- Projects up to 4 GW have already been commissioned.
- This year 3 GW additional capacity is targeted.
- 25 GW and 10 GW renewable energy projects are being developed in Rajasthan and Maharashtra.
Roadmap of NTPC Green Energy
NTPC Green Energy’s vision is to not only grow its renewable energy portfolio but also to provide a stable and affordable solar and hydrogen solution to India’s energy sector.
Future of NTPC Green Energy
- Renewable Energy Capacity: NTPC has set a target of achieving 60 GW of renewable energy capacity by 2032.
- India’s Energy Goal: India aims to produce 500 GW of renewable energy by 2030, and NTPC is playing its leading role in this direction.
Information related to IPO
You should also know about the IPO that 75% of it is reserved for qualified institutional buyers, while 15% is for non-institutional investors and 10% for retail investors.
Do you also want to invest in this IPO?
If you are also thinking of investing in this IPO of NTPC Green Energy, then it is important to know that the goal of this IPO is to keep your investment safe. Also, there is a great opportunity to be a part of the revolution happening in the renewable energy sector.
Summary
NTPC Green Energy Limited’s ₹10,000 crore IPO is not only an investment opportunity, but it is also a big step in India’s energy sector. Through this IPO, NTPC Green Energy has given its investors an opportunity to invest in a stable and growing company. If you also want to invest in the field of renewable energy, then this IPO can be a great option for you.
FAQs
1. Price Band of NTPC Green Energy IPO What is it?
The price band of NTPC Green Energy is ₹102 to ₹108 per share.
2. When is the IPO of NTPC Green Energy opening?
The IPO of NTPC Green Energy is going to open on 19 November 2024.
3. How to apply for IPO?
You can apply for IPO online through BSE and NSE.
4. What will be the use of the proceeds from the IPO?
The proceeds from the IPO will be used to repay the debt of NTPC Renewable Energy and for general corporate purposes.
5. What are the major projects of NTPC Green Energy?
The major projects of NTPC Green Energy include solar power, green hydrogen and Khavda (Gujarat) project.