NTPC Green Energy Limited (Ngel), the green energy arm of NTPC, has secured approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). This move is expected to raise ₹10,000 crore from the primary market, bolstering the company’s growth and expansion plans within India’s burgeoning green energy sector. Ngel submitted its IPO documents to SEBI on September 18, 2024.
Know When NTPC Green Energy IPO Will Open
The specific launch date for NTPC Green Energy’s IPO has yet to be announced. The company plans to issue shares at a face value of ₹10, with a special provision offering discounted shares to employees, providing them with a unique investment opportunity.
Know About the Financial Position of the Company
NTPC Green Energy’s financial health is on the rise, with revenue increasing by 46.82% from FY 2022 to 2024. For FY 2024, the company’s total revenue reached ₹1,962.60 crore, with a profit after tax of ₹138.61 crore reported in the June quarter. This growth demonstrates the company’s operational efficiency and management capabilities.
Reputable firms including IDBI Capital Markets and HDFC Bank are involved in the IPO process, with KFin Technologies Limited serving as the registrar.
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Summary at glance
NTPC Green Energy Limited (Ngel), a subsidiary of NTPC, has received approval from SEBI to launch its initial public offering (IPO) aiming to raise Rs 10,000 crore for growth and expansion in the green energy sector. Although the IPO launch date is yet to be announced, shares will be issued at a face value of Rs 10, with discounts for employees. The funds will be used to repay debt and enhance the company’s financial position, which has already seen a revenue increase of 46.82% from FY 2022 to 2024.
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