The NTPC Green Energy IPO (Initial Public Offering) has generated significant buzz among investors, and it is set to make its debut in the stock market soon. Investors who applied for the NTPC Green Energy IPO are eagerly awaiting the allotment results. The IPO process is moving forward with key dates and information that investors should be aware of.
Key Dates for NTPC Green Energy IPO:
- Allotment Date: The final share allotment for the NTPC Green Energy IPO is expected to be announced on Monday, November 25, 2024. This is when investors will find out if they have received the shares they applied for.
- Listing Date: NTPC Green Energy shares are anticipated to be listed on the stock exchanges on Wednesday, November 27, 2024. This will mark the company’s debut on the domestic stock market, and investors will be able to trade the shares on that day.
How to Verify the Allotment Status of NTPC Green Energy IPO :
Investors can verify their IPO allotment status online using the following methods:
- KFin Technologies Website:
- Visit the KFin Technologies website.
- Enter your PAN number and application number to check the allotment status.
- Click on the “Submit” button to view whether you have received the shares.
- BSE Website:
- Go to the official BSE website: https://www.bseindia.com/investors/appli_check.aspx.
- Enter the required details, such as application number, PAN number, and the number of shares you applied for.
- Click “Submit” to see your allotment status.
The Grey Market Premium (GMP) serves as an informal gauge of the demand for an IPO prior to its official listing. It indicates the price at which shares are exchanged in the grey market, either higher or lower than the IPO’s issue price. For NTPC Green Energy IPO, the GMP as of November 24, 2024, is reported to be around ₹3.5 per share.
This indicates that the shares are likely to be listed at ₹111.5 each, based on the upper price band of ₹108 per share. This is a potential gain of approximately 3.24% for investors. The GMP shows that there is strong investor interest in NTPC Green Energy shares even before the official listing.
Subscription Details of the NTPC Green Energy IPO:
The NTPC Green Energy IPO was open for subscription for three days, from November 20 to November 22, 2024. The IPO was oversubscribed by 2.42 times, with strong demand across all investor categories:
- Retail Investors: Subscribed 3.44 times.
- Qualified Institutional Buyers (QIBs): Subscribed over 3.3 times.
- Non-Institutional Investors (NIIs) have subscribed to 81% of the overall offer.
NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Ltd, India’s largest power generation company. NTPC Green Energy focuses on the development and operation of renewable energy projects, including solar, wind, and hydro power. The company aims to contribute to India’s growing renewable energy sector.
Investors who are successful in the allotment process can expect their shares to be credited to their demat accounts on Tuesday, November 26, 2024. If you do not receive an allotment, the refund will be credited to your account on the same day.
The listing of NTPC Green Energy shares on November 27, 2024, will be closely watched by market participants, as it could set the tone for renewable energy-related stocks in the Indian market.
The NTPC Green Energy IPO has been one of the most awaited public offerings in India, especially due to the company’s involvement in renewable energy, a sector that is gaining increasing importance. With strong subscription numbers and a positive grey market premium, the IPO is expected to perform well upon listing.
Investors should stay updated on the allotment results and the listing date to make informed decisions regarding their investments in NTPC Green Energy shares.
