NTPC Green Energy IPO: If you’re an investor in the stock market and waiting for a major IPO, there’s a big opportunity coming your way. NTPC Green Energy is set to launch its IPO soon, expected in 2024. The company has already submitted draft papers to SEBI. As a subsidiary of NTPC Limited, NTPC Green Energy operates in the renewable energy sector and plans to raise ₹10,000 crore through this IPO. This offering is expected to provide good returns to investors.
Highlights:
- The size of the NTPC Green Energy IPO will be approximately ₹10,000 crore.
- The company will be listed on both BSE and NSE.
- The IPO will open and close in 2024.
- Funds raised from the IPO will be used to repay debt and invest in future projects.
- NTPC Green Energy currently has a renewable energy capacity of 3.34 gigawatts, including solar and wind energy.
NTPC Green Energy IPO: Key Information
Details | Information |
---|---|
IPO Size | Approximately ₹10,000 crore |
Listing Platform | BSE and NSE |
IPO Launch Date | 2024 |
Face Value | ₹10 per equity share |
Fund Utilization | ₹7,500 crore to repay debt |
Investment in Projects | Renewable energy initiatives |
NTPC Green Energy IPO: What Makes it Special?
NTPC Green Energy is a subsidiary of NTPC Ltd, primarily focusing on renewable energy projects such as solar and wind energy. This IPO is particularly significant as the company plans to use the funds for its future growth and expansion. NTPC Green Energy, founded in April 2022, has quickly established a 3.34-gigawatt renewable energy capacity. This includes 3.13 gigawatts from solar energy and 0.21 gigawatts from wind energy. The company has set a target to work on 10.8 gigawatts of renewable energy projects in the near future.
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Company’s Financial Performance
NTPC Green Energy has shown strong financial performance. According to the financial report for FY2024, the company generated a revenue of ₹1,962.6 crore with a profit of ₹344.7 crore. In the first quarter of FY2025, the company reported a revenue of ₹578.4 crore and a net profit of ₹138.6 crore.
Utilization of Funds Raised Through the IPO
The funds raised from the NTPC Green Energy IPO will be used in several critical areas. A large portion of the funds will be allocated to repay the company’s debt, which stands at ₹7,500 crore. Additionally, the remaining funds will be utilized to complete future renewable energy projects and expand operations.
Listing Preparations and Investment Opportunities for Investors
The NTPC Green Energy IPO is expected to be a golden opportunity for investors. Once SEBI approval is received, the company will announce the official IPO dates. This IPO is particularly attractive to investors who believe in the renewable energy sector and are looking for long-term returns.
Benefits of Investing in NTPC Green Energy IPO:
- A rapidly growing company in the renewable energy sector.
- Major investments in solar and wind energy projects.
- Strong financial performance with promising growth prospects.
- The company will use a significant portion of the IPO funds to reduce debt, thereby improving its financial health.
FAQ (Frequently Asked Questions)
When will the NTPC Green Energy IPO launch?
The NTPC Green Energy IPO is expected to launch in 2024. The company has submitted draft papers to SEBI, and once approved, the official dates will be announced.
What is the size of the NTPC Green Energy IPO?
The size of this IPO is expected to be approximately ₹10,000 crore.
Where will the funds from the IPO be used?
The funds raised through the IPO will be primarily used to repay the company’s debt of ₹7,500 crore and to invest in future renewable energy projects.
What sector does NTPC Green Energy operate in?
NTPC Green Energy operates primarily in the renewable energy sector, focusing on solar and wind energy projects.
What is the current renewable energy capacity of NTPC Green Energy?
The company currently has a renewable energy capacity of 3.34 gigawatts, which includes 3.13 gigawatts of solar energy and 0.21 gigawatts of wind energy.
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