Were you one of the investors eagerly awaiting the allotment status of NTPC Green Energy’s IPO? The allotment has been finalized, and the IPO has garnered significant attention due to its focus on renewable energy and its strong financial performance.
In this article, we’ll explain how to check your allotment status, share insights on the latest grey market premium (GMP), and update you on the company’s listing date.
NTPC Green Energy IPO Details
The IPO of NTPC Green Energy, a Delhi-based renewable energy company, opened for bidding between November 19 and November 22, 2024. With a price band of ₹102-₹108 per share and a lot size of 138 shares, the company raised a total of ₹10,000 crore. This IPO was an entirely fresh issue comprising 92,59,25,926 equity shares.
Subscription Status
The IPO received decent interest from investors, with an overall subscription of 2.55 times by the final day:
- Retail Investors: Subscribed 3.59 times the allotted quota.
- Qualified Institutional Buyers (QIBs): Subscribed 3.51 times.
- Non-Institutional Investors (NIIs): Subscribed 0.85 times.
The strong response from retail and institutional investors reflects confidence in NTPC Green Energy’s renewable energy initiatives.
NTPC Green Energy IPO GMP Today
The Grey Market Premium (GMP) for NTPC Green Energy IPO currently stands at ₹111 per share, approximately 2.78% higher than the upper price band ₹108. While the GMP fluctuates based on market sentiment, it suggests a modest premium over the issue price, pointing to a steady listing outlook.
Company Overview
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited, India’s largest power producer. The company focuses on renewable energy projects through both organic development and acquisitions.
As of August 31, 2024, NTPC Green Energy operates:
- 3,071 MW from solar projects
- 100 MW from wind projects across six states
By June 30, 2024, the company’s portfolio expanded to 14,696 MW, including:
- 2,925 MW of operational projects
- 11,771 MW of contracted and awarded projects
With strong backing from NTPC Limited and an experienced team, NTPC Green Energy is well-poised to lead India’s renewable energy transition.
Financial Strength
The company has shown remarkable growth. Revenue increased by 1,094.19% between FY23 and FY24, indicating its capability to scale operations and generate significant profits in a competitive renewable energy sector.
Listing Date
NTPC Green Energy’s shares are scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, November 27, 2024. Investors eagerly await this listing to assess its market performance.
How to Check NTPC Green Energy IPO Allotment Status
On the Bombay Stock Exchange (BSE) Website
- Visit the BSE Allotment Status Portal.
- Under the “Issue Type,” select Equity.
- Choose NTPC Green Energy Limited in the dropdown for “Issue Name.”
- Enter your Application Number and PAN Card ID.
- Click “I am not a Robot” and click the Search button to view your allotment status.
On KFin Technologies Portal (Registrar to the IPO)
- Visit the KFin Technologies Allotment Status Portal.
- Select NTPC Green Energy Limited in the dropdown menu.
- Choose a mode to check the status:
- Application Number
- Demat Account Number
- PAN ID
- Specify your application type: ASBA or Non-ASBA.
- Enter the required details and complete the captcha verification.
- Click Submit to access your allotment status.
What to Expect After Allotment
If you have been allotted shares, you will receive a confirmation from your broker or the registrar. Once the shares are listed on the stock exchange, you can start trading them. Remember to watch the stock market news and announcements from NTPC Green Energy for any updates or important information.
Conclusion
The NTPC Green Energy IPO has drawn significant attention for its focus on renewable energy and robust financial performance. With allotment finalizations completed and listing just days away on November 27, 2024, investors can look forward to observing its market debut.
The modest Grey Market Premium (GMP) hints at stable market sentiment, reflecting cautious optimism and confidence in the company’s long-term potential.
For investors, staying updated on listing day developments and carefully monitoring the stock’s performance post-listing will be crucial. As NTPC Green Energy continues to expand its renewable energy footprint, its IPO marks a significant milestone in India’s green energy journey.
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
