NTPC Green Energy IPO subscribed 32% on Day 1

19 Nov 2024 , 04:28 PM

NTPC Green Energy Limited’s initial public offering (IPO), which aims to generate Rs 10,000 crore through a new issue of 92.59 million shares, commenced for bidding on Tuesday.

The pricing range for the NTPC Green Energy IPO is set between Rs 102 and Rs 108 per share, and the subscription period will end on November 22, 2024. With a minimum application of 138 shares and an investment of Rs 14,904, retail investors can take part.

As of 4:25 pm, The retail portion was oversubscribed 1.30 times, the NII portion was subscribed 15% and the QIB portion was not significantly subscribed. The employee reserved portion was subscribed 17%.

The biggest renewable energy public sector company in India is NTPC Green Energy Limited, a fully owned subsidiary of NTPC Limited. With 16,896 MW of solar and wind projects spread across multiple regions and clients, the company has a strong portfolio.

NTPC Green Energy has demonstrated consistent financial growth. In FY23, the company reported a net profit of Rs 171.23 crore and total income of Rs 170.63 crore. With a net profit of Rs 344.72 crore for FY24, its total revenue jumped to Rs 2,037.66 crore. With a total revenue of Rs 1,132.74 crore, it made a net profit of Rs 175.30 crore in the first half of FY25, which ended on September 30, 2024.

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