Technology

NTPC is Indias largest power producer with an installed capacity of 51 GW,
accounting for ~16% share in overall capacity. In addition to this the company
has ~21 GW under construction. The NTPC group contributed 24% to all Indias
generation during FY17. Over FY11-17 the company added nearly 16 GW of
capacity.
Valuations & View: The floor price of the issue has been fixed at 168/ share and
retail investors are entitled for 5% discount on the floor price, which works out to
159.6. At the offer price the stock is valued at 1.2x its FY19 BV, which looks
attractive and hence we recommend investors to SUBSCRIBE to the issue.

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