NTPC Green Energy Limited IPO

Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.

As of August 31, 2024, the company had an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states.

As of June 30, 2024, the company’s Portfolio consisted of 14,696 MW, including 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects.

As of June 30, 2024, the company had 15 off-takers across 37 solar projects and 9 wind projects.

As of June 30, 2024, the company is constructing 31 renewable energy projects in 7 states, totaling 11,771 MW.

Competitive Strength

Promted by NTPC Limited, with its extensive experience in large-scale project execution, maintains strong relationships with offtakers and suppliers and showcases significant financial strength.
As of June 2024, the company has a Portfolio of 14,696 MWs solar and wind projects.
Experienced team in renewable energy project execution.

As of June 30, 2024, the workforce comprised 234 employees, and the company utilised the services of 45 contract labourers.

NTPC Green Energy Limited Financial Information (Restated Consolidated)

NTPC Green Energy Limited’s revenue increased by 1094.19% and profit after tax (PAT) rose by 101.32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023
Assets	32,408.30	27,206.42	18,431.40
Revenue	1,132.74	2,037.66	170.63
Profit After Tax	175.30	344.72	171.23
Net Worth	8,189.18	6,232.14
Reserves and Surplus	596.08	512.60	167.88
Total Borrowing	17,057.50	12,796.74
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of NTPC Green Energy IPO is Rs 91000 Cr.

KPI as of September 30, 2024.

KPI	Values
ROE	7.39%
Debt/Equity	1.91
RoNW	2.14%
P/BV	9.89
PAT Margin (%)	16.2

	Pre IPO	Post IPO
EPS (Rs)	0.46	0.42
P/E (x)	234.97	259.56

Note:

The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (NTPC Green Energy IPO Objectives)

The company proposes to utilise the Net Proceeds towards funding the following objects

Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL
General corporate purpose.

NTPC Green Energy IPO Details

IPO Date	November 19, 2024 to November 22, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹102 to ₹108 per share
Lot Size	138 Shares
Total Issue Size	925,925,926 shares (aggregating up to ₹10,000.00 Cr)
Fresh Issue	925,925,926 shares (aggregating up to ₹10,000.00 Cr)
Employee Discount	Rs 5 per share
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	7,500,000,000
Share holding post issue	8,425,925,926

NTPC Green Energy IPO Promoter Holding

The Promoters of the Company are the President of India, acting through the Ministry of Power, Government of India and NTPC Limited.

Share Holding Pre Issue	100%
Share Holding Post Issue

SHARIAH SCREENING for - NTPC Green Energy Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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