NTPC Green Energy IPO is set to open for subscription on November 19. Brokerage firm Ventura gave a "subscribe" rating to the IPO In its review note. The brokerage said that the company's capacity utilisation factor (CUF) has been consistently improving, powered by operational efficiency. 

NTPC Green Energy's CUF increased from 19.4% in FY22 to 24.73% in FY24, the brokerage said. The company has fared well in comparison to its peers, the research firm added. 

Ventura also noted that NTPC plans to enhance its project pipeline through prudent bidding and strategic joint ventures with PSUs and private companies. NTPC had recently signed a joint venture agreement with MahaPreit to implement renewable energy park which includes solar, wind and hybrid energy. 

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The company's main priorities involve developing battery storage and renewable energy Projects. This includes the green hydrogen hub at Pudimadoka. The company's focus is also on green hydrogen production in Rajasthan and Renewable energy park in Maharashtra. 

Earlier, SBI Securities had also issued a subscribe for long-term rating to the upcoming IPO.

IPO Details: The ₹10,000 crore issue will be open for subscription on November 19 and will close on November 22. The IPO is a fresh issue of 92.59 crore shares. The company has set a price band of ₹102 to ₹108 per share for the issue. 

NTPC Green IPO’s GMP has further declined to ₹1 on Monday from ₹3 on Thursday. It's important to note that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock's performance upon listing.

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