NTPC Green Energy
MAINBOARD
Listed
Price Band
₹102 - ₹108
Lot Size
138 Shares
Issue Size
₹10,000.00 Cr
Fresh Issue
₹7,000.00 Cr
OFS
₹3,000.00 Cr
Registrar
KFin Technologies Limited
AI Sentiment Score
Listing Price
₹111.50
vs Issue: ₹108 (+3.24%)
📅 IPO Timeline
✓
Open
Nov 19, 2024
✓
Close
Nov 22, 2024
✓
Allotment
Nov 25, 2024
✓
Refund
Nov 26, 2024
✓
Demat
Nov 26, 2024
✓
Listing
Nov 27, 2024
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
NTPC Green Energy displays an established operational footprint with expanding revenue streams (156.2% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (156.2% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 3.56%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 170.00 Cr | Rs 1,963.00 Cr | Rs 2,210.00 Cr | Rs 2,858.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 171.00 Cr | Rs 343.00 Cr | Rs 474.00 Cr | Rs 521.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 152.00 Cr | Rs 1,745.00 Cr | Rs 1,920.00 Cr | Rs 2,461.00 Cr |
| Borrowings (₹ Cr) | Rs 6,137.00 Cr | Rs 13,856.00 Cr | Rs 19,441.00 Cr | Rs 31,716.00 Cr |
| Total Assets (₹ Cr) | Rs 18,431.00 Cr | Rs 27,207.00 Cr | Rs 45,421.00 Cr | Rs 60,382.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 3.56% | 3.56% | 3.56% | 3.56% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
125.0x
Industry P/E
143.8x
Debt/Equity
1.67
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 143.8x
IPO 125.0x
0x (Deep Value)
194x (High Multiple)
📋 Live Subscription Status
QIB
3.32x
NII
1.29x
Retail
3.44x
Total
2.42x
🎯 Retail Allotment Probability
29.1% Odds
1 in 3.4 chance (~29.1% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:41 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹10,000.0 Cr
Issue Size
Fresh (70%)
OFS (30%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.