The Next ₹1000 Crore Stock? This Green Energy IPO Could Be It Direct and Informative

The Next ₹1000 Crore Stock? This Green Energy IPO State-owned NTPC Green Energy Limited is gearing up for its highly anticipated Initial Public Offering (IPO). Public bidding for the IPO will run from **Tuesday, November 19, to Friday, November 22**. Ahead of the public offering, the company is set to hold its anchor investor round today. Stay tuned for live updates on the NTPC Green Energy IPO, including allotment and listing dates.

NTPC Green Energy IPO opens Tuesday: Key details and investment insights

The Next ₹1000 Crore Stock? This Green Energy IPO The ₹10,000 crore IPO of NTPC Green Energy Ltd., a subsidiary of NTPC Ltd., is set to open for subscription on November 19 and close on November 22. The price band for the issue has been set at ₹102 to ₹108 per share, with a minimum bid of 138 shares per lot and multiples thereof.

The grey market premium (GMP) for NTPC Green Energy shares is currently ₹1, reflecting a 1% premium over the issue price. According to SBI Securities, at the upper price band of ₹108, the company is valued at a FY24 enterprise value-EBITDA multiple of 53.4x, with significant growth potential. By FY27, its operational capacity is projected to reach 19 GW, and its revenue, EBITDA, and profit are expected to grow at a CAGR of 79%, 117.2%, and 123.8%, respectively.

SBI Securities recommends subscribing for the long term, citing exponential growth potential and strong financial metrics. Reliance Securities highlights NTPC Green Energy’s strong financial backing from NTPC Ltd., focus on emerging energy solutions like green hydrogen, and alignment with India’s net-zero goals. They also recommend subscribing for the long term.

The IPO consists entirely of fresh equity shares, with no Offer For Sale (OFS) component. Seventy-five percent is reserved for institutional investors, 15% for non-institutional investors, and 10% for retail investors. Employees can bid with a ₹5 per share discount, and ₹200 crore worth of shares are allocated under the employee quota. Shares worth ₹1,000 crore are reserved for existing NTPC shareholders. Proceeds amounting to ₹7,500 crore will go toward repaying borrowings of its subsidiary NTPC Renewable Energy Ltd. (NREL) and general corporate purposes.

NTPC Green Energy, India’s largest renewable energy public sector enterprise (excluding hydro), operates 3,220 MW of solar and 100 MW of wind projects across six states. Its portfolio includes 13,576 MW of contracted projects and a pipeline of 9,175 MW. NTPC aims to achieve 60 GW of renewable energy capacity by FY32, with current installed capacity at 3.5 GW and over 28 GW under development.

The NTPC Green Energy IPO ranks as the third largest of the year, following Hyundai Motor India’s ₹27,870 crore IPO and Swiggy’s ₹11,300 crore issue.

CEO Mohit Bhargava emphasized the importance of raising equity through the market to support the company’s growth ambitions. Listing NTPC Green Energy is expected to unlock significant value for stakeholders.

The IPO is managed by IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management.

Upcoming IPOs and Listings This Week on Dalal Street

The Next ₹1000 Crore Stock? This Green Energy IPO Dalal Street is set for an active week with multiple IPOs and listings scheduled. Starting Tuesday, November 19, one mainboard IPO and two SME IPOs will open for public subscription. In addition, four companies are set to debut on the stock exchanges.

The Indian IPO market continues its record-breaking momentum, with total issue sizes reaching ₹1.38 trillion in 2024, the highest in a decade, surpassing the previous peak of ₹1.31 trillion in 2021.

Here’s a breakdown of the upcoming IPOs:

NTPC Green Energy Limited IPO
NTPC Green Energy Ltd., a state-owned renewable energy company, will launch its ₹10,000 crore IPO on November 19. The issue consists of a fresh issue of 92.59 crore equity shares with a price band of ₹102-108 per share. Investors can bid in lots of 138 shares, with the IPO closing on November 22.

The company plans to list on BSE and NSE on Wednesday, November 27. IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the lead managers, with Kfin Technologies serving as the registrar.

Lamosaic India Limited IPO
This decorative products manufacturer is offering a fresh issue of 30.6 lakh equity shares to raise ₹61.2 crore. The IPO opens on November 21 and closes on November 26, with shares priced at ₹200 each. The minimum application is 600 shares per lot, requiring an investment of ₹1,20,000 for retail investors.

Shares are expected to list on the NSE SME index on Friday, November 29. Inventure Merchant Banker Services is the lead manager, and Kfin Technologies is the registrar.

C2C Advanced Systems Limited IPO
C2C Advanced Systems, a defense electronics solutions provider, will raise ₹99.07 crore through a fresh issue of 43.84 lakh shares. The IPO, priced between ₹214 and ₹226 per share, opens on November 22 and closes on November 26.

The minimum lot size is 600 shares, requiring a minimum investment of ₹1,35,600 for retail investors. Shares are expected to list on the NSE SME index on Friday, November 29. Mark Corporate Advisors and Beeline Capital Advisors are the lead managers, and Link Intime India is the registrar.

Listings This Week

– Neelam Linen and Garments IPO: Listing on the NSE SME index on Monday, November 18.

– Mangal Compusolution IPO: Listing on the BSE SME index on Wednesday, November 20.

– Onyx Biotec IPO: Listing on the NSE SME index on Thursday, November 21.

– Zinka Logistics Solutions IPO: The sole mainboard IPO listing this week, scheduled on Thursday, November 21, on BSE and NSE.

With these activities, Dalal Street is set for a dynamic week, reflecting strong market participation across various segments.