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Shares of NTPC Green Energy Limited, a subsidiary of state-owned NTPC Limited, saw a fall of up to 5% in early trade. This decline has come at a time when the one-month lock-in period of the company is ending. After this, 18.3 crore shares (2% of the total equity of the company) will become available for trading. However, this does not mean that all the shares will be sold in the open market, but they will become eligible for trading.
Lock-in period and share performance
- Three Month Lock-in:
According to Nuwama Alternative and Quantitative Research, the three-month lock-in period for NTPC Green Energy shareholders will end on February 24, 2025. - Stock Performance:
- The share price opened at Rs 130.15 on BSE.
- Day’s low: Rs 125.85.
- Market cap of the company: Rs 1 lakh crore.
IPO and listing performance
- IPO launch:
NTPC Green Energy launched an IPO of Rs 10,000 crore in November this year.- This IPO was subscribed 2.55 times.
- The share was listed on BSE and NSE on 27 November 2024.
- Listing Gain:
IPO investors got a gain of more than 3%. - Share’s record high:
Till now the highest level of the share has been recorded at Rs 155.30 on BSE.
NTPC Green Energy: Company Profile and Financial Performance
- Company Business:
- NTPC Green Energy develops a portfolio of large-scale renewable power projects.
- It is the largest renewable energy PSU excluding hydro energy.
- Portfolio:
- As of June 2024, the company had a portfolio of projects of 14,696 MW.
- Financial Performance (FY24):
- Revenue: ₹2,037.66 crore (1094% growth YoY).
- Net Profit: ₹344.72 crore (101% YoY growth).
- April-June 2024 quarter:
- Revenue: ₹607.42 crore.
- Net Profit: ₹138.61 crore.
Agreement with Bihar government
Recently NTPC Green Energy has entered into an agreement with the Industries Department of Bihar Government regarding renewable energy projects. This agreement has been made as part of the company’s long-term expansion plans.
