October 28, 2024
New Delhi, India
IPO Alert
NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has received the go-ahead from the Securities and Exchange Board of India (SEBI) to launch a ₹10,000 crore initial public offering (IPO). This IPO consists entirely of new equity shares, with a reserved portion and discount available for qualifying employees.
- IPO Size: ₹10,000 crore
- Share Value: Face value of ₹10 per share
- Primary Use of Proceeds:
- Investment in NTPC Renewable Energy Ltd (NREL)
- Debt repayment
- General corporate purposes
Company Background
As of June 30, 2024, NTPC Green Energy is India’s largest public sector renewable energy entity (excluding hydro). It manages:
- Operating Projects: 37 solar and 9 wind projects
- Under Construction: 31 renewable projects across 7 states, with a total contracted capacity of 11,771 MW
Financial Highlights
NTPC Green Energy has shown impressive growth:
- Revenue Growth: Up 46.82% from ₹910.42 crore in FY22 to ₹1,962.60 crore in FY24
- Profit After Tax (PAT): Increased at a CAGR of 90.75%, reaching ₹344.72 crore in FY24
- Q1 FY25 (June 2024): Revenue from operations at ₹578.44 crore, PAT at ₹138.61 crore
Lead Managers and Registrar
The offering is managed by:
- Lead Managers: IDBI Capital, HDFC Bank, IIFL Securities, Nuvama Wealth Management
- Registrar: KFin Technologies
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