NTPC Green Energy IPO Oversubscribed 2.30 Times

22 Nov 2024 , 03:22 PM

The government-owned NTPC Green Energy IPO is scheduled to close today, November 22, after opening for subscriptions on Tuesday, November 19.

Near the end of Day 3, All of the shares in the NTPC Green Energy IPO had been subscribed for by retail investors, who had purchased 3.17 times as many shares as were available. So far, all of the qualified institutional buyers (QIBs) portion and 69% of the non-institutional investors (NIIs) segment are booked.

With no portion set aside for an offer-for-sale (OFS), the ₹10,000 crore NTPC Green Energy IPO is solely made up of the issuance of new equity shares. With ‘Maharatna’ status, NTPC Green Energy is a core public sector organisation that focusses on renewable energy through solar and wind power projects in over six states.

With a two-year compound annual growth rate (CAGR) of 46.82%, NTPC Green Energy’s revenue reached ₹19,626 Mn in FY24, demonstrating outstanding financial performance. Significant gains in operating EBITDA were also observed, with good margins ranging from 86% to 90%.

NGEL is well-positioned for significant development in the renewable energy sector thanks to its established financial track record, large growth potential, and a well-thought-out capital expenditure strategy.

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