The allotment status for the NTPC Green Energy IPO has been finalized, enabling investors to check their application status online. This IPO has attracted considerable attention, with a strong subscription rate during its bidding period from November 19 to November 22, 2024. Below is a comprehensive overview of the allotment status, how to check it, the latest grey market premium (GMP), key financial details about NTPC Green Energy, and important dates related to the IPO.
Key Details of NTPC Green Energy IPO
- Issue Size: ₹10,000 crore
- Price Band: ₹102 to ₹108 per share
- Subscription Rate: 2.55 times overall; retail investors subscribed 3.59 times
- Listing Date: Expected on November 27, 2024
How to Check NTPC Green Energy IPO Allotment Status
Investors can verify their allotment status through two primary platforms: the BSE (Bombay Stock Exchange) and KFin Technologies, which is the official registrar for this IPO.
Checking Allotment Status on BSE
- Visit the BSE allotment status page.
- Select ‘Equity’ under the issue type.
- Choose ‘NTPC Green Energy Limited’ from the dropdown list.
- Enter your application number or PAN card details.
- Complete the CAPTCHA verification by clicking on ‘I’m not a robot’.
- Click on the ‘Search’ button to view your status.
Checking Allotment Status on KFin Technologies
- Go to the KFin Technologies allotment status page.
- Select ‘NTPC Green Energy Limited’ from the dropdown menu.
- Choose one of the following options: Application No., Demat Account, or PAN.
- Enter your details based on your selection.
- Fill in the CAPTCHA code displayed on the screen.
- Click on the ‘Submit’ button to check your allotment status.
Current Grey Market Premium (GMP)
As of today, NTPC Green Energy shares are trading at a grey market premium of approximately ₹4, reflecting positive sentiment in the unlisted market. This increase indicates that shares may list around ₹112 if current trends persist.
Company Financials and Use of Proceeds
NTPC Green Energy Ltd., a subsidiary of state-owned NTPC Ltd., focuses on renewable energy initiatives and aims to play a pivotal role in India’s transition to sustainable energy sources. Here are some key financial insights:
- Total Renewable Portfolio: 25.67 GW
- Operational Capacity: 2.93 GW
- Contracted and Awarded Capacities: 14.7 GW
- Projects in Pipeline: 10.98 GW
- Solar Capacity: 20.32 GW
- Wind Capacity: 5.35 GW
Allocation of IPO Proceeds
The company plans to allocate a significant portion of its IPO proceeds as follows:
- 75% (₹7,500 crore) for debt repayment:
- ₹4,000 crore for repayment in the current fiscal year
- ₹3,500 crore for repayment in the following fiscal year
- 25% for general corporate purposes
Important Dates for NTPC Green Energy IPO
| Event | Date |
|---|---|
| IPO Open Date | November 19, 2024 |
| IPO Close Date | November 22, 2024 |
| Basis of Allotment | November 25, 2024 |
| Refunds Initiated | November 26, 2024 |
| Shares Credited to Demat Accounts | November 26, 2024 |
| Listing Date | November 27, 2024 |
| UPI Mandate Deadline | November 22, 2024 |
| Lock-in End Date for Anchor Investors | December 25, 2024 (50%) February 23, 2025 (Remaining) |
Conclusion
The NTPC Green Energy IPO has successfully attracted investor interest, and with its shares set to list soon, many are eager to confirm their allotment status and understand the company’s financial health. By following the steps outlined above, investors can easily check whether they have been allotted shares in this promising renewable energy venture.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. Investors are encouraged to consult with a financial advisor before making investment decisions.
