ntpc green energy ipo subscription status : Date, Price and Details
Being one of the countries that conjectured on sustainable development, India has been rather aggressive in its switch from the fossil-power schemes to renewable energy. Leading this change is the National Thermal Power Corporation (NTPC) Limited, India’s largest energy integrated company. NTPC Green Energy Limited was established from its inception as a coal-fired power plant heavy hitter, but its vision and mission are quite different now. This blog post explores NTPC’s green energy strategy, scope, accomplishments, and contribution to India’s green energy transition.
The Green Shift: NTPC’s Journey from Coal to Renewables
NTPC was established in the year 1975 and the company mainly deals in thermal power which mainly generated from coal. NTPC has been a major power producing company in India for several decades thus supporting the country’s liberal industrial development and advanced economy. However, the effect of fossil fuels on the environment was felt and people realized that the world needed to find cleaner sources of energy.
Understanding this, NTPC did not rest but adopted a new approach to steer the company, and India towards sustainability. In the last few years, it has planned on shedding its carbon impact and has set its goal to add up scalable clean energy power. The generation business of the power company intends to have more than 60GW renewables by 2032 which will be approximately 45% of its total portfolio. Further, this ambitious target underlines that NTPC could turn from thermal powerhouse to renewable energy leader.
Key Environment-friendly Power Campaigns by NTPC Green Energy Limited
NTPC’s environment-friendly power journey encompasses a range of campaigns, including investments in solar and wind energy, hydrogen-based jobs, battery storage space services, and energy performance improvements. Here are a few of the noteworthy initiatives NTPC has undertaken:
1. Boosting Solar Energy Ability
NTPC is focusing on expanding its solar energy capacity as a core element of its lasting power approach. They are committed to purchasing considerable solar energy projects throughout India in order to capitalize on the plentiful solar power resources offered. Remarkable efforts include:
NTPC has established a number of considerable solar parks, such as the Anantapuram Ultra Huge Solar Park in Andhra Pradesh and the Bhadla Solar Park in Rajasthan, showcasing the company’s devotion to building massive solar energy facilities to supply renewable resource to countless homes.
NTPC has actually been a trailblazer in presenting floating solar jobs in India, which entail the installment of photovoltaic panels on bodies of water. A prime image of this innovative technique can be seen at NTPC’s installations in Simhadri and Ramagundam, where floating solar energy plants with capabilities of 25 MW and 100 MW have been developed. These jobs not only save land space yet likewise contribute to the conservation of water by decreasing dissipation, supplying a twin ecological benefit.
2. Wind Power Investments
Wind energy is another essential part of NTPC’s environment-friendly energy profile. The organization has purchased wind electricity plants in one-of-a-kind states, which include Tamil Nadu, Karnataka, and Gujarat, to increase its renewable useful resource mix. While solar power accounts for the majority of NTPC’s renewable aid capability, wind power assists to balance the irregularity of solar energy, as wind power era typically complements solar generation at one-of-a-kind times of day and 12 months.
3. Hydrogen Cell and Fuel Cell Technologies
International ardor in hydrogen has virtually grown due to its potential as a versatile and environmentally friendly power source. NTPC Green Energy Limited is exploring hydrogen-based totally improvements to reduce greenhouse fuel exhausts, especially in industries which might be difficult to decarbonize. As a part of this initiative system known as green hydrogen manufacturing.
Eco-pleasant Hydrogen Mobility: NTPC Green Energy Limited has released a pilot task to supply eco-friendly hydrogen to gas hydrogen-powered buses. This task, situated in Leh and New Delhi, pursuits to demonstrate the feasibility of hydrogen as a gasoline for public transportation in India’s hard excessive-altitude surfaces.
Eco-friendly Ammonia Projects: NTPC Green Energy Ltd is looking to create green ammonia that can be used as a substitute fuel in transportation and feedstock for fertilizer, and not rely on fossil-gasoline-based ammonia.
4. Energy Efficiency and Carbon Capture
NTPC has dedicated to improving power performance throughout its current strength flowers, lowering their carbon depth. The corporation has undertaken diverse measures, together with retrofitting current flora with more green generation, imposing superior emission control structures, and engaging in studies on carbon capture and usage technology. Carbon seize and utilization intention to seize CO2 emissions and repurpose them for commercial programs or everlasting storage, consequently preventing them from attaining the environment.
NTPC Green Energy IPO Details
NTPC Green Energy IPO is a book-built issue of Rs 10,000.00 crores. The issue is entirely a fresh issue of 92.59 crore shares.
NTPC Green Energy IPO opens for subscription on November 19, 2024 and closes on November 22, 2024. The allotment for the NTPC Green Energy IPO is expected to be finalized on Monday, November 25, 2024. NTPC Green Energy IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, November 27, 2024.
NTPC Green Energy IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (1,932 shares), amounting to ₹208,656, and for bNII, it is 68 lots (9,384 shares), amounting to ₹1,013,472.
Idbi Capital Market Services Limited, Hdfc Bank Limited, Iifl Securities Ltd and Nuvama Wealth Management Limited are the book running lead managers of the NTPC Green Energy IPO GMP , while Kfin Technologies Limited is the registrar for the issue.
Environmental and Social impact
IPO Date | November 19, 2024 to November 22, 2024 |
Listing Date | Wednesday, November 27, 2024 |
Face Value | ₹10 per share |
Price Band | ₹102 to ₹108 per share |
Lot Size | 138 Shares |
Total Issue Size | 925,925,926 shares |
Fresh Issue | 925,925,926 shares |
Employee Discount | Rs 5 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Shareholding pre issue | 7,500,000,000 |
Shareholding post issue | 8,425,925,926 |
NTPC Green Energy IPO Lot allotment
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 138 | ₹14,904 |
Retail (Max) | 13 | 1794 | ₹193,752 |
S-HNI (Min) | 14 | 1,932 | ₹208,656 |
S-HNI (Max) | 67 | 9,246 | ₹998,568 |
B-HNI (Min) | 68 | 9,384 | ₹1,013,472 |
NTPC Green Energy IPO GMP Dates and Timeline
IPO Open Date | Tuesday, November 19, 2024 |
IPO Close Date | Friday, November 22, 2024 |
Basis of Allotment | Monday, November 25, 2024 |
Initiation of Refunds | Tuesday, November 26, 2024 |
Credit of Shares to Demat | Tuesday, November 26, 2024 |
Listing Date | Wednesday, November 27, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on November 22, 2024 |
NTPC Green Energy IPO GMP
NTPC Green Energy IPO GMP is ₹3, last updated Nov 14th 2024 12:32 PM. With the price band of 108.00, NTPC Green Energy IPO’s estimated listing price is ₹111 (cap price + today’s GMP).The expected percentage gain/loss per share is 2.78%.
ntpc green energy ipo subscription status
TPC Green Energy IPO Day 2 Updates: The first day of the bidding for the government’s NTPC Green Energy IPO start today on Tuesday, November 19 Experience a higher rush in which the retail segment was fully subscribed. NTPC has raised ₹3,960 crore from anchor investors of the IPO before the launch of IPO. Today on its first day of listing, NTPC Green Energy, the clean energy division of India’s largest power generation company, which is NTPC, received 33% subscription with 1.33 times subscription by retail investors.
The Non Institutional Investors (NII) segment thus got 16% of the shares available for subscription while the QIBs segment did not lure any bids on the first day of the issue. The employee portion was born 17%, the shareholder portion was taken 57%.
These include the GMP, ₹10,000 crore issue size for the IPO, a combination of a fresh issue and no OFS segment is part of the IPO. The OFS opens the door for investors to subscribe to this offering which has adjusted its price band between ₹102 to ₹108 per share, Between November 19 and the 22. The ₹ 7,500 crore generated through the IPO shall be utilized for the repayment or prepayment of some or all of the outstanding loans of its subsidiary NTPC Renewable Energy Ltd (NREL), and for general corporate purposes.
NTPC Green Energy Limited is identified as the central public sector undertaking with ‘Maharatna’ status that focuses only on the renewable energy business through various successful integrated solar and wind power projects in over six states.
NTPC Green Energy IPO Status till NOV 21, 13:30PM
Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
Anchor Investors | 1 | 36,66,66,666 | 36,66,66,666 | 3,960 |
Qualified Institutions | 0.79 | 24,44,44,445 | 19,23,63,444 | 2,078 |
Non-Institutional Buyers | 0.29 | 12,22,22,222 | 3,49,51,950 | 377 |
bNII (bids above ₹10L) | 0.16 | 8,14,81,482 | 1,27,22,358 | 137.401 |
sNII (bids below ₹10L) | 0.55 | 4,07,40,741 | 2,22,29,592 | 240.08 |
Retail Investors | 2.23 | 8,14,81,481 | 18,20,93,622 | 1,966.61 |
Employees | 0.35 | 1,94,17,476 | 68,33,622 | 73.803 |
Others | 0.93 | 9,25,92,593 | 8,63,88,000 | 932.99 |
Total | 0.9 | 56,01,58,217 | 50,26,30,638 | 5,428.41 |
Challenges and the Road Ahead
Despite its excellent development, NTPC Green Energy Limited faces numerous demanding situations in scaling up its green electricity ambitions:
- Land Acquisition: Securing large tracts of land for solar and wind initiatives stays a venture, specifically in densely populated areas. NTPC’s floating sun initiatives provide a promising alternative to land-based sun, but these initiatives come with their own technical and logistical hurdles.
- Technological Limitations: Advanced technologies like battery storage and hydrogen production are still costly and require significant R&D investments. While NTPC is investing in pilot projects, reaching business-scale deployment will take time and regulatory help.
- Policy and Regulatory Framework: Renewable energy integration calls for policy support and a positive regulatory environment. NTPC’s progress relies upon guidelines that encourage renewable energy improvement, facilitate grid integration, and incentivize inexperienced hydrogen projects.
Despite these challenges, NTPC Green Energy Limited dedication to inexperienced electricity stays unwavering. The employer continues to discover modern answers and forge partnerships with home and global entities to enhance its talents and get admission to modern technologies.
Conclusion
The green electricity revolution of NTPC will stand as an open testimony to India’s commitment to a sustainable future. From the solar parks and wind farms to the pioneering artwork in hydrogen fuel, the renewable energy basket will be set by NTPC. As the power company continues to push innovation and grow its green strength footprint, it is no longer strengthening just electricity safety in India but also making a big contribution globally to fight against climate change. The story of NTPC shows that with proper planning, a robust coverage guide, and commitment, traditional strength giants could lead their way toward a greener future, cleaner future.
By 2032, NTPC is poised to become considered one of the biggest renewable electricity businesses in India, placing an effective example for others to observe. In doing so, NTPC proves that a greener, greater sustainable future is not simply feasible however is actively being constructed properly now .
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FAQ'S
What is the NTPC Green Energy IPO ?
NTPC Green Energy IPO is the term used in Initial Public Offering for NTPC Green Energy Limited. It is a subsidiary of NTPC Limited taken up especially to raise funds in executing the progression of NTPC towards renewable sources of energy into solar and wind power.
What is NTPC Green Energy Limited ’s primary business ?
NTPC Green Energy Limited would be focusing on renewable energy projects in solar, wind, and hybrid power. That would be in line with the mission of NTPC’s larger goal to increase capacity in green energy as part of sustainable energy goals.
What are the potential benefits of investing in NTPC Green Energy IPO ?
NTPC Green Energy has a fantastic platform in the growing renewable energy market with strong support from the parent company, NTPC. The company will also directly benefit from policy support through the focus of the Indian government on green energy and the growth of the industry.
What is the expected listing date for NTPC Green Energy IPO ?
The listing date of NTPC Green Energy IPO will be Wednesday, November 27, 2024