Upcoming NLC India Green Energy IPO Details: Issue Size, Highlights and Financial Performance

The NLC Green IPO, which will be issued by NLC India Green Energy Ltd (NIGEL), is one of the most eagerly awaited public offerings in India’s renewable energy sector. NLC India Ltd. owns the Navaratna PSU, which is a completely owned subsidiary. NLC Green focuses on solar and wind power generation as part of the country’s clean energy transformation. The IPO, which is anticipated to start in the first half of 2026, intends to earn about ₹4,500 crore to pay for big renewable energy projects and speed up NLC’s growth from its current capacity of 1.4 GW to 6 GW by 2030. This listing is an important step in India’s efforts to build green and sustainable energy infrastructure. The registrar NCL Green IPO is Link Intime India Pvt. Ltd.

DIPAM wants to float at least two big PSU green stocks in 2026, NLC Green and SJVN Green, according to CNBC-TV18. Both firms have already started the process of getting their IPOs approved and filing drafts with SEBI. But there will be enough time between the two listings to make sure that investors and the market are in the best mood.

IPO Dates and Price Details

NLC Green Energy DRHP and RHP Files

Market Lot Size and Investment Limits

NIGEL Grey Market Premium (GMP) and IPO Review

The NLC Green IPO Grey Market Premium (GMP) will become available closer to the listing date in 2026, once the price band is announced. Analysts believe NLC Green’s IPO will draw strong institutional and retail participation due to its deep government backing, consistent profits from its parent firm, and strong execution in the renewable segment.

Experts at market research portals expect the IPO to see attractive subscription levels, similar to NTPC Green and IRM Energy listings earlier in 2025, given its alignment with India’s decarbonization and growth strategy.

NIGEL Allotment Details

Check NLC Green IPO allotment status here: Click here

Promoter Shareholding Pattern

Anchor Investors List (Expected)

The list of anchor investors will be finalized closer to the IPO launch. However, industry insiders expect participation from major institutions such as:

• Life Insurance Corporation (LIC)

• SBI Mutual Fund

• HDFC AMC

• Nippon India Mutual Fund

• Abu Dhabi Investment Authority (ADIA) (potential foreign anchor)

These investors have shown consistent interest in large-cap PSU green IPOs in the past.

Likely Merchant Bankers for the Issue

NLC India Green Energy Limited Company Information

NLC India Green Energy Ltd. (NIGEL), often known as NLC Green, is a fully owned subsidiary of NLC India Limited, which is a Navaratna Central Public Sector Enterprise under the Ministry of Coal. The company wants to make India’s renewable energy footprint bigger by working on solar, wind, and hybrid power projects. NLC Green was created as part of NLC India’s plan to move away from traditional coal-based power generation and toward more sustainable green energy. This shows the government’s commitment to a cleaner and more resilient energy future.​

NLC Green works in many states, like as Tamil Nadu, Rajasthan, and Gujarat, using NLC’s large land bank and infrastructure. The company has already started a number of solar and wind projects, which now have a total capacity of about 1.4 GW. Its future plans are ambitious, aiming for a capacity of 6 GW by 2030. This will be done through both organic growth and smart acquisitions. solid project pipelines, technical know-how, and solid financial support from its parent firm, NLC India Ltd., will help the company grow.

​

NLC Green benefits financially from the parent company’s history of making money and running smoothly. NLC India Ltd has shown consistent revenue growth and high margins in the past several years, which is a good sign for NLC Green’s growth. After the IPO, the subsidiary is predicted to witness a lot of increase in both sales and profits. This will happen because of new projects starting up and better operating efficiencies. NLC Green is a good investment in the renewable energy sector since it has low debt levels and solid cash flows.

The management team of NLC Green is made up of experienced experts that have worked in power generation and project management for a long time. The company uses the finest practices for corporate governance and environmental sustainability, which are in line with worldwide standards. NLC Green is in the front of India’s renewable energy revolution because it is dedicated to new ideas and using new technologies. The forthcoming IPO is a big step forward for NLC Green. It will give the company the money it needs to grow faster and help India reach its energy transition goals.

Financial Performance of NLC India Green Energy Limited

NLC Green will leverage its strong base under NLC India Ltd, which reported solid growth in FY25 with rising renewable capacity and improved margins. The green arm’s projected revenues are expected to multiply post-IPO, driven by new solar and wind installations across Tamil Nadu, Rajasthan, and Gujarat.

Valuation and Peer Comparison

At an expected valuation of around ₹18,000–₹20,000 crore, NLC Green IPO is competitively priced within the renewable PSU group. The company’s valuation places it alongside peers such as NTPC Green Energy and SJVN Green Energy, both of which are expanding aggressively.

The NLC Green IPO represents a landmark step in India’s renewable energy story, combining strong government backing, robust financials, and long-term policy alignment. With the listing planned for the first half of 2026, NLC Green is tipped to lead India’s next wave of sustainable PSU listings, potentially setting the tone for other clean energy assets seeking market visibility.

NLC India Green Energy Ltd – Company Address & Contact

• Registered Office Address:
  No. 135, EVR Periyar High Road, Kilpauk, Perambur, Purasawalkam, Chennai, Tamil Nadu 600010, India.​

• Corporate Office Address:
  Block-1, Neyveli Township, Cuddalore District, Tamil Nadu 607801, India.

• Website: https://ngel.in​

• Email:
   info@ngel.in​

• Phone:
  044-28360027 (Chennai Office)​

Registrar Details for NLC Green IPO

• Registrar Name:
  Link Intime India Limited (MUFG Intime India Private Limited).​

• Registrar Contact:

  • Contact Person: Shanti Gopalkrishnan

  • Phone: +91 810 811 4949

  • Website: www.linkintime.co.in

Nadim

Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.