The eagerly anticipated allotment date for the NTPC Green Energy IPO is set for November 25, 2024. Investors who participated in this initial public offering are now awaiting the results, which will determine whether they will receive shares in this promising renewable energy venture.
NTPC Green Energy IPO Overview
The NTPC Green Energy IPO was open for subscription from November 19 to November 22, 2024, aiming to raise up to ₹10,000 crore. The IPO was well-received, with a subscription rate of 2.55 times, indicating strong demand from investors. The price band for the shares was set between ₹102 and ₹108 per share.
Current Grey Market Premium (GMP)
As of today, the grey market premium (GMP) for NTPC Green Energy shares is reported at ₹4, reflecting positive sentiment among investors. This is an increase from the previous weekend’s GMP of ₹2. The rise in GMP suggests that market observers are optimistic about the upcoming listing, which is scheduled for November 27, 2024.
Company Financials
NTPC Green Energy Ltd., a subsidiary of NTPC Ltd., focuses on renewable energy projects. The company has a robust portfolio comprising 25.67 gigawatts of total capacity, with 2.93 GW currently operational. It has contracted and awarded capacities of 14.7 GW, along with an additional 10.98 GW of projects in the pipeline. The company’s focus on solar and wind energy positions it well within India’s growing renewable energy sector.
Important Dates
- IPO Subscription Period: November 19 to November 22, 2024
- Allotment Date: November 25, 2024
- Listing Date: November 27, 2024
Should I Apply?
Given the strong subscription numbers and positive market sentiment reflected in the GMP, many investors are considering applying for shares in the NTPC Green Energy IPO. The company’s solid financials and growth prospects in the renewable energy sector make it an attractive option for long-term investment.
Expert Opinions
Market analysts and brokerage firms have generally recommended a “subscribe” rating for the NTPC Green Energy IPO. For instance:
- SBI Securities notes that NTPC Green Energy has a large portfolio of utility-scale solar and wind energy projects and has a strong track record in developing renewable power projects.
- Reliance Securities also recommends subscribing to the issue for long-term gains, highlighting NTPC’s financial strength and its strategic focus on new energy solutions like green hydrogen and storage.
How to Check NTPC Green Energy IPO Allotment Status Online
Once the allotment process is finalized, bidders can check their application status online through the following steps:
Checking on BSE Website
- Visit the BSE IPO allotment page.
- Select ‘Equity’ as the issue type.
- Choose ‘NTPC Green Energy Limited’ from the dropdown menu.
- Enter your application number or PAN details.
- Complete the CAPTCHA verification.
- Click on ‘Search’ to view your allotment status.
Checking on KFin Technologies Website
- Go to the KFin Technologies IPO allotment status page.
- Select ‘NTPC Green Energy Limited’ from the list.
- Enter your details (PAN, Application Number, DP/Client ID).
- Click ‘Submit’ to check your status.
Conclusion
The NTPC Green Energy IPO has generated significant interest among investors, reflecting a growing commitment to renewable energy in India. With strong subscription numbers and a positive GMP, market participants are optimistic about its upcoming listing.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with financial advisors before making investment decisions
