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NTPC Green Energy IPO Listing: The company’s shares are likely to be listed on the exchanges tomorrow; Here’s how to check allotment status
NTPC Green Energy IPO: Check GMP, Listing Date, and How to Check Allotment Status
The allotment for the NTPC Green Energy IPO has been finalized, and investors have started receiving bank debit messages. They can also check the IPO allotment status online on the BSE and NSE websites, as well as on Kfin Technologies’ portal. Shares of NTPC Green are likely to be listed the bourse on Wednesday, November 27.
The IPO, which was open for public subscription from November 19 to November 22, was subscribed 2.55 times, with bids totaling 142,65,50,988 shares against the 56,01,58,217 shares on offer. The price band for the NTPC Green Energy IPO was set between Rs 102 and Rs 108 per share.
NTPC Green Energy IPO GMP Today
After remaining flat in the grey market, NTPC Green Energy shares have once again started trading at a premium. According to stock market observers, the shares are currently trading at a Rs 4 premium in today’s grey market.
As noted earlier, the NTPC Green Energy IPO’s Grey Market Premium (GMP) stands at Rs 4 today, up Rs 2 from the Rs 2 GMP observed over the weekend. Market experts attribute the rise in grey market sentiment to the recent trend reversal in the Indian stock market. They pointed out that frontline indices on Dalal Street saw a decent pullback rally on Friday, which likely influenced the unlisted stock market. If the secondary market continues its upward momentum, observers anticipate further improvement in the grey market sentiment for the NTPC Green Energy IPO.
The GMP fluctuates based on market sentiment, indicating how much investors are willing to pay above the issue price.
How to Check Allotment Status
Investors can check the IPO allotment status online by following these steps:
- Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ under ‘Issue Type’.
- Choose ‘NTPC Green Energy Ltd’ from the ‘Issue Name’ dropdown.
- Enter your application number or PAN.
- Click on ‘I am not a robot’ to verify and then click ‘Search’.
Alternatively, investors can visit the Kfin Technologies Ltd portal at to check the allotment status.
NTPC Green Energy IPO: Key Details
The NTPC Green Energy IPO, valued at Rs 10,000 crore, is a fully fresh equity issuance with no Offer-for-Sale (OFS) component. The price range is set between Rs 102 and Rs 108 per share, and the issue was open for subscription from November 19 to November 22.
Before the IPO, NTPC Green Energy raised Rs 3,960 crore from anchor investors. The company plans to use Rs 7,500 crore from the proceeds to repay or prepay loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), with the remaining funds allocated for general corporate purposes.
NTPC Green Energy, a ‘Maharatna’ central public sector enterprise, has a renewable energy portfolio that includes both solar and wind power assets.
The IPO is being managed by IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Services (formerly IIFL Securities), and Nuvama Wealth Management as the book-running lead managers.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
