NTPC Green Energy IPO: Shock to Green Energy Limited investors, GMP fell, check the latest details immediately…

NTPC Green Energy IPO: NTPC Green Energy Limited IPO is one of the biggest IPOs of the year 2024 and investors are keeping an eye on it. This issue will open on 19th November and close on 22nd November. The company's shares are likely to be listed on November 27.

According to market analysts, NTPC Green Energy IPO GMP has declined in the grey-listed market. The current GMP is Rs 2.50 which is 2.3 percent more than the cap price. Its GMP was Rs 3 a day ago.

NTPC Green Energy IPO GMP on 9th November was Rs 25 which was the highest GMP of this issue. After this it started declining rapidly.

NTPC Green Energy IPO is a book built issue of Rs 10,000 crore. This is a completely new issue of 92.59 crore shares.

The net proceeds from this offer will be used for investment in NTPC Renewable Energy Limited (NREL), full or partial prepayment of certain outstanding borrowings taken by NREL and for general corporate purposes.

The price band of NTPC Green Energy IPO has been fixed at Rs 102-108 per share. The minimum lot size with a single application is 138 shares. The minimum investment amount for retail investors is Rs 14,904.

NTPC Green Energy Limited is a wholly owned subsidiary of NTPC Limited. NTPC Green is a renewable energy company focused on commissioning projects through organic and inorganic routes.

As of June 30, 2024, the company's portfolio comprised 14,696 MW, including operational projects of 2,925 MW and contracted and awarded projects of 11,771 MW.

By June 30, 2024, the company is constructing 31 renewable energy projects across 7 states with a total installed capacity of 11,771 MW.

NTPC Green Energy Limited's revenue increased by 1094% and profit after tax (PAT) increased by 101% between the financial years ending March 31, 2024 and March 31, 2023. NTPC Green Energy IPO:

In FY 2024, the company's revenue was Rs 2037.66 crore and profit after tax was Rs 344.72 crore. In the current financial year ending June 30, 2024, the company's revenue was Rs 607.42 crore and profit after tax was Rs 138.61 crore.