Key Details of the NTPC Green Energy IPO
- IPO Size: ₹10,000 crore
- Price Band: ₹102 to ₹108 per share
- Subscription Period: November 19 to November 22, 2024
- Overall Subscription Rate: 2.55 times
The IPO saw robust participation from retail investors, who subscribed 3.59 times their allotted shares. Qualified Institutional Buyers (QIBs) also showed strong interest, with subscriptions of 3.51 times their quota.
Current Grey Market Premium (GMP)
As of November 26, the grey market premium (GMP) for NTPC Green Energy shares stands at ₹2, indicating a potential listing price of around ₹110 per share. This reflects a modest expected gain of approximately 1.85% on the listing day. Analysts predict that the stock may debut with neutral to flat gains in the range of 0-5% above its issue price due to current market conditions.
How to Check Your IPO Allotment Status
Investors can verify their allotment status through three primary platforms:
1. KFin Technologies
To check your application status on KFin Technologies:
- Visit the KFin Technologies IPO allotment status page.
- Select ‘NTPC Green Energy Ltd’ from the dropdown menu.
- Choose one of the following options: Application Number, Demat Account, or PAN.
- Enter the required details and complete the CAPTCHA.
- Click on Submit to view your status.
2. BSE (Bombay Stock Exchange)
To check your application status on BSE:
- Go to the BSE allotment status page.
- Select ‘Equity’ under the issue type.
- Choose ‘NTPC Green Energy Ltd’ in the issue name dropdown.
- Enter either your Application Number or PAN.
- Click on Search to access your allotment status.
3. NSE (National Stock Exchange)
To check your status on NSE:
- Register on the NSE website using your PAN details.
- Once registered, log in to view your bid details against your registered PAN number.
Financial Performance and Future Outlook
NTPC Green Energy has demonstrated strong financial growth, with revenue from operations increasing at a CAGR of 46.8%, rising from ₹910 crore in FY22 to ₹1,963 crore in FY24. The company is focused on expanding its renewable energy portfolio, including green hydrogen and battery storage solutions.The proceeds from this IPO will primarily be used for repaying loans of its subsidiary, NTPC Renewable Energy Ltd., and for general corporate purposes.
Current Share Price Insights
As NTPC Green Energy prepares for its market debut, analysts suggest that potential investors should consider both short-term volatility and long-term growth prospects within the renewable energy sector. With ambitious government targets for renewable energy and NTPC’s strategic initiatives, the company is well-positioned to capitalize on increasing demand for sustainable energy solutions.
Conclusion
With allotments finalized and shares set to list soon, investors are encouraged to check their application status promptly. The NTPC Green Energy IPO represents a significant opportunity in India’s renewable energy landscape, although current GMP trends suggest a cautious outlook for initial gains.
Disclaimer: The information provided in this article is intended for informational purposes only and should not be considered financial advice. Investors are advised to consult with certified financial advisors before making investment decisions.
