NTPC Green Energy IPO - Should You Subscribe? Read Geojit's Analysis

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Research Report.NTPC Green Energy Ltd. will launch its initial public offering on Nov. 19 and the offer closes for subscription on Nov. 24. Country's largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity has fixed the price band in the range of Rs 102 and Rs 108 per share. Minimum order lot for bidding is 138.The Rs 10,000 crore IPO comprises entirely of a fresh issue of approximately 92.6 crore shares..Object of the issue Repayment in full or in part, of certain outstanding borrowings availed by subsidiaries. General corporate purposes..StrengthsStrong parentage from NTPC Ltd., India’s largest power company. Deep domain expertise and diversified portfolio with long term PPA. 26 GW+ portfolio pipeline in solar and wind projects across geographies. Experienced team in renewable energy project procurement and execution..Key Risks Delayed payments from discoms could hurts financials in short term.Significant competition from traditional and renewable energy companies..Our ViewNGEL benefits from NTPC’s financial strength and long-term relationships with off takers and suppliers, growing its revenues along with strong credit ratings that enable a low cost of debt executing large scale projects. NGEL has deep domain expertise of the management team focusing on new energy solutions like green hydrogen, green chemicals and storage with prudent growth and contributing towards fulfilling India’s net zero goals. We believe with a prudent business model and strong earnings growth with improved financials and return ratios, we recommend a Subscribe to the issue for the long term..Click on the attachment to read the full IPO report:.NTPC Green Energy IPO: Check GMP And All You Need To Know About India's 3rd Largest IPO In 2024.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

NTPC Green Energy IPO - Should You Subscribe? Read Geojit's Analysis

The Rs 10,000 crore IPO will open on Nov. 19 and the company has fixed the price band in the range of Rs 102 and Rs 108 per share.

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