NTPC Green Energy IPO Opens November 19: GMP, Price Band, and Key Details

The NTPC Green Energy Limited is to make its initial public offering on November 19, 2024. Investors and analysts alike await this IPO of the green energy arm of NTPC Limited, which the company will raise at a price band of ₹102-₹108 a share. This issue of fresh shares is expected to mop up ₹10,000 crore. Here are the key facts that investors must know about the NTPC Green Energy IPO:.

NTPC Green Energy IPO GMP Today
Grey market premium of NTPC Green Energy shares stands at ₹4, which is a great indicator of the demand and anticipation in the unlisted market. Following the trend of NTPC Green Energy IPO GMP it was seen on Thursday at ₹3 grey market premium, and now today it jumped up to ₹4. This is a clear indication that investors are increasingly interested in the stock.
NTPC Green Energy IPO Price Band and Date
NTPC Green Energy IPO price band set at ₹102 to ₹108 per equity share. This price band is specially attractive for the employees of NTPC Limited, who will enjoy ₹5 per equity share discount.
    IPO Open Date: November 19, 2024
    IPO Close Date: November 22, 2024

NTPC Green Energy IPO Size and Lot Size
The amount of the issue is ₹10,000 crore. The amount raised from this issue will be utilized to finance the green energy projects and the expansion plans of the company. Bids for the issue can be submitted in lots; a lot of 138 shares. This is adequate for small investors as well as institutional ones.

Important Dates: Allotment, Listing and Registrar
Allotment Date: Nov 23, 2024 Provisionally. If Allotted on Nov 25, 2024.
IPO Listing Date: NTPC Green Energy shares are expected to get listed on NSE and BSE on Nov 27, 2024.
Registrar: The registrar for this IPO is KFin Technologies. This registrar would be taking care of all allotment processes along with all the related administrative work.

NTPC Green Energy IPO Lead Manager
IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management have been the appointed lead managers, providing robust expertise to handle the procedure seamlessly while giving potential investors a smooth take-off.

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Financial Performance and Growth Potential
For FY24, NTPC Green Energy has taken off rather well with growth that has been notable-high -revenue up by 1094% as compared to last year, whilst profit after tax is over 100% while PAT has risen in the same proportion. Analysts look at this as an absolute pointer to where this company seems headed. India: Green Energy: An sector bound for exponential growth. NTPC Green Energy, with an operationally available capacity planned to increase from 3.3 GW (as of September 2024) to 6 GW, 11 GW, and 19 GW in FY25E, FY26E, and FY27E, respectively, stands to be an investment opportunity for long-term investors. SBI Securities Recommendation: A 'Subscribe' Tag for the Long Term
SBI Securities view NTPC Green Energy's IPO as having immense long-term potential, especially for investors willing to commit funds to green energy. It stands at FY24 at 53.4x at the higher price band of ₹108. On FY25E, FY26E, and FY27E, valuation multiples are expected at 35.3x, 18.3x, and 10.1x respectively, indicating value for the future. Expansion in revenues, EBITDA, and PAT are seen to be at CAGR levels of 79%, 117.2%, and 123.8% over FY24-27E. In view of the sound strategy adopted by NTPC Green Energy in the renewable energy sector, SBI Securities has given a 'subscribe' rating at the cut-off price for the long-term investors.

Why to Invest in NTPC Green Energy IPO?
The IPO of NTPC Green Energy also promises the investors who are looking forward to a stake in India's successful green energy market. The increased capacity thus established through the money raised will go a long way toward increasing the provision of renewable energy as demand continues to grow. Overall, NTPC Green Energy's growth is in many ways hitched to the international trend towards cleaner sources of energy, making this a good investment for long-term growth.