Allotment of NTPC Green Energy IPO: The shares of NTPC Green Energy are expected to go public on the BSE and NSE, with a provisional listing date of November 27.
Due to the high level of investor interest throughout the subscription period, the NTPC Green Energy IPO allocation is anticipated to be finalized on November 25. In contrast to the 59,31,67,575 shares available, bids for 1,43,37,30,852 shares were received for the IPO, resulting in a 2.42-fold overall subscription.
29,71,16,898 shares were purchased for by retail investors, representing a 3.44-fold oversubscription of the shares allotted for their category. Overwhelmingly, Qualified Institutional Buyers (QIBs) outbid for 85,84,49,286 shares, or 3.32 times the 25,88,23,531 shares that were set aside for them. The Non-Institutional Investors (NIIs) only subscribed for 81% of their allotted quota because they applied for 10,44,99,810 shares instead of the 12,94,11,764 shares that were available.
The proposed listing date for the NTPC Green Energy IPO is November 27, 2024, and it will be listed on both the BSE and NSE.
Investors can check their status on the official websites of the BSE, NSE, or Kfin Technologies, the IPO registrant, when the allocation is finalized.
Check your allocation on the BSE website for the NTPC Green Energy IPO.
- Go to the BSE allotment status website directly.
- Choose “Equity” from the “Issue Type” option.
- Select “NTPC Green Energy Limited” from the available choices.
- Fill up the appropriate field with your PAN card information or application number.
- Click “I’m not a robot” to finish the CAPTCHA.
- Press the “Search” button.
- Your screen will show your NTPC Green Energy IPO allotment status.
Check the allocation on the Kfin Technologies website for the NTPC Green Energy IPO.
- Go to Kfin Technologies’ website.
- The dropdown menu will display “NTPC Green Energy Limited.”
- Select one of the options listed below. — PAN, Demat Account, or Application Number
- Based on the identification method you have selected, enter the pertinent information.
- Enter the CAPTCHA code that appears on the screen.
- To continue, click the Submit button.
- Your screen will show your allotment status.
- Using their PAN and bank account information, bidders can now use the NSE portal to monitor the status of their NTPC Green Energy IPO allotment.
Details of the NTPC Green Energy IPO
Offering 92.59 crore shares, the NTPC Green Energy IPO is a completely new issuance with prices ranging from ₹102 to ₹108 per share. Through the IPO, the state-run NTPC subsidiary hopes to raise ₹10,000 crore.
Kfin Technologies is the IPO’s registrant, while IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers.
In order to partially or fully repay certain existing borrowings, the net proceeds from the NTPC Green Energy IPO will be used to invest in NTPC Renewable Energy Limited (NREL), a wholly owned subsidiary. Any money left over will be applied to general business needs.
The main organization in charge of NTPC’s green energy projects is NTPC Green Energy (NGEL).
