Even though not many IPOs are being launched in the stock market next week, the IPO of government company NTPC is going to be among the biggest IPOs of the country. It is said that all the investors are eyeing this IPO worth Rs 10 thousand crore. Experts estimate that NTPC can break all records of Green IPO subscription. The main reason for which is its issue price, whose maximum price is Rs 108. Apart from this, IPOs of two SME companies will also be launched, Jolamosec India and C2C Advanced Systems. Next week, not only 3 IPOs are coming, but 4 companies will also debut in the stock market. Let us also tell you what are the special features of these IPOs?
ntpc green ipo
NTPC Green Energy has set a price band of Rs 102-108 for its Rs 10,000 crore IPO, which will open for subscription on November 19. The issue will open for anchor investors on November 18, a day before it opens to the public, and will close on November 22. The Rs 10,000 crore IPO will be entirely a fresh issue of equity shares and will not have an offer for sale (OFS) component. Investors can bid for 138 shares in one lot and 138 shares in multiples thereof. The proceeds from the fresh issue will be used for repayment of loan restructuring in its wholly owned subsidiary, NTPC Renewable Energy and for other general corporate purposes.
Promoted by NTPC, NTPC Green Energy is the largest renewable energy public sector enterprise (except hydro) in terms of operational capacity till June 2024 and power generation in FY 2024. NTPC Green’s portfolio comprises 14,696 MW, which includes operational projects of 2,925 MW and contracted and rewarded projects of 11,771 MW.
The company’s renewable energy portfolio includes solar and wind energy assets with a presence at multiple locations in more than six states, which helps mitigate the risk of location-specific output variability. NTPC Green Energy’s revenue from operations is expected to grow at a CAGR of 46.82 per cent from Rs 910.42 crore in FY 2022 to Rs 1,962.6 crore in FY 2024. IDBI Capital Markets & Securities, HDFC Bank, IFL Capital Services and Nuvama Wealth Management are the book running lead managers to the issue.
IPOs of these companies will also come
Lamosek India’s SME IPO will open for subscription on November 21. The issue price of Rs 61 crore is Rs 200. The IPO, which closes on November 26, is a fresh equity sale of entirely 30.6 lakh shares. Meanwhile, C2C Advanced Systems will launch its IPO on November 22 and it will be available for bidding till November 26. The company has fixed the price band of Rs 214-226 for each.
