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Issue Open Date
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19-Nov-24
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Issue Closing Date
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22-Nov-24
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Application Money
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100
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Allotment Money
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Price Band
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102
-
108
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Minimium Application No.
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138
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Issue Size (Shares)
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593167575
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Market Lot
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1
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Objective
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1. Investment in our wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL.2. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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129411764
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104842740
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0.810148449873537
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Qualified Institutional Buyers
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258823531
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858449286
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3.31673585737458
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Retail Individual Investors
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86274509
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297136908
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3.44408692027445
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Business Description
We are a wholly owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise. We are thelargest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 30,2024 and power generation in Fiscal 2024. (Source: CRISIL Report, September 2024). Our renewable energyportfolio encompasses both solar and wind power assets with presence across multiple locations in more than sixstates which helps mitigate the risk of location-specific generation variability. (Source: CRISIL Report, September2024). Our operational capacity was 3,071 MW of solar projects and 100 MW of wind projects across six (6)states as of August 31, 2024. We are strategically focused on developing a portfolio of utility-scale renewableenergy projects, as well as projects for public sector undertakings (“PSUs”) and Indian corporates. Our projectsgenerate renewable power and feed that power into the grid, supplying a utility or offtaker with energy. For ouroperational projects, we have entered into long-term Power Purchase Agreements (“PPAs”) or Letters of Award(“LoAs”) with an offtaker that is either a Central government agency like the Solar Energy Corporation of India(“SECI”) or a State government agency or public utility.
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Promoter's Holding
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Total Share Capital
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7500000000
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Offered to Public
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593167575
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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89.01
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Address |
N T P C Bhawan
Core -7
Scope Complex 7 Institutional Area
Lodi Road
New Delhi,
Delhi,
110003
Phone : 011-24362577
Email : ngel@ntpc.co.in
Website : www.ngel.in
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
HDFC Bank Ltd.
IDBI Capital Markets & Securities Ltd. (Formerly known as IDBI Capital Market Services Ltd.)
IIFL Securities Ltd.
Nuvama Wealth Management Ltd.
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Promoters |
Acting Through The Ministry Of Power
Government Of India
NTPC Ltd.
President Of India
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