NTPC Green Energy IPO Listing: The company’s shares are likely to be listed on the stock exchange tomorrow. Here is how to check allotment status.
Allotment for NTPC Green Energy IPO has been finalised, and investors have started receiving bank debit messages. They can check the IPO allotment status online on the websites of BSE and NSE as well as on the portal of Kfin Technologies. Shares of NTPC Green are likely to be listed on the market on Wednesday, November 27.
The IPO, which was open for public subscription from November 19 to November 22, was subscribed 2.55 times, with a total of 142,65,50,988 shares bid against 56,01,58,217 shares on offer. The price band for the NTPC Green Energy IPO was set between Rs 102 and Rs 108 per share.
NTPC Green Energy IPO GMP Today
After remaining flat in the gray market, shares of NTPC Green Energy have once again started trading at a premium. According to stock market observers, the shares are currently trading at a premium of Rs 4 in today’s gray market.
As mentioned earlier, the gray market premium (GMP) of NTPC Green Energy IPO stands at Rs 4 today, which is Rs 2 higher than the Rs 2 GMP observed at the end of the week. Market experts attribute the surge in gray market sentiment to the recent trend change in the Indian stock market. He pointed out that the frontline index on Dalal Street saw a reasonable pullback rally on Friday, which likely affected the unlisted stock market. If the secondary market continues its upward momentum, observers expect further improvement in gray market sentiment for the NTPC Green Energy IPO.
GMP fluctuates based on market sentiment, which indicates how much investors are willing to pay above the issue price.
How to Check Allotment Status
Investors can check IPO allotment status online by following these steps.
- Visit official website of BSE: https://www.bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ under ‘Issue Type’.
- Select ‘NTPC Green Energy Limited’ from the ‘Issue Name’ drop down.
- Enter your application number or PAN.
- Click ‘I’m not a robot’ to confirm and then click ‘Search’.
Alternatively, investors can visit the Kfin Technologies Ltd portal. https://iposatus.kfintech.com/ To check allotment status.
NTPC Green Energy IPO: Key Details
The NTPC Green Energy IPO, valued at Rs 10,000 crore, is an entirely fresh equity issue with no offer for sale (OFS) component. The price range is set between Rs 102 and Rs 108 per share, and the issue was open for subscription from November 19 to November 22.
Before the IPO, NTPC Green Energy had raised Rs 3,960 crore from anchor investors. The company plans to use Rs 7,500 crore of this amount to repay or prepay the debts of its subsidiary, NTPC Renewable Energy Limited (NREL), with the remaining funds earmarked for general corporate purposes. will
NTPC Green Energy, a ‘Mahartana’ central public sector enterprise, has a renewable energy portfolio that includes both solar and wind power assets.
The IPO is being managed by IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Services (formerly IIFL Securities), and Nuvama Wealth Management as book-running lead managers.
Disclaimer:Disclaimer: The opinions and investment tips of the experts in this News18.com report are their own and not those of the website or its management. Users are advised to consult certified experts before making any investment decision.