What advantages does the NTPC Green IPO offer?
The three-day window for NTPC Green Energy's IPO will end on November 22. The state-owned green energy firm has set the IPO price range between Rs 102-108 per share, with a lot size of 138 shares. The company is offering fresh equity worth Rs 10,000 crore to the public, totaling approximately 92.59 crore shares. Of this, 75% is allocated for qualified institutional buyers, 15% for high net worth individuals, and 10% for retail investors. The proceeds from the fresh issue, amounting to Rs 7,500 crore, will be used for repayment or prepayment of existing debt, capital expenditure, general corporate purposes, and investment in its wholly-owned subsidiary, NTPC Renewable Energy (NREL).
NTPC Green's portfolio includes 14,696 MW
NTPC, a major public sector enterprise in renewable energy (excluding hydro), is known for its green energy operational efficiency and power generation. As of June 30, 2024, NTPC Green's portfolio included 14,696 MW, with 2,925 MW of operational projects and 11,771 MW of contracted and awarded projects. Additionally, it has 10,975 MW in its pipeline, bringing the total to 25,671 MW. Over the next 6-9 years, the company aims to commission 14 GW of pumped hydro capacity, compared to the current 3.3 GW.
The company's goal is to achieve 60 GW of renewable energy capacity
There is 5.9GW of renewable energy under construction and an additional 10.8GW in the planning stages. The company aims to achieve a renewable energy capacity of 60GW by 2032. At the end of October, NTPC Green Energy, a wholly-owned subsidiary of NTPC, received approval from the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). An IPO is a process where companies sell shares to the public to raise equity capital from investors. With India's stock market booming, many companies have planned to list their shares and several have seen significant profits. The company submitted its IPO documents to the regulator on September 18.
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