NTPC Green Energy IPO allotment date and time: The Rs 10,000 crore public offering of NTPC Green Energy received bids for 1,42,65,07,242 shares versus 59,31,67,575 shares on sale, bringing India’s third largest IPO of 2024 to a close. According to NSE statistics, this equals 2.40 times the subscription.
NTPC Green Energy, a subsidiary of state-owned NTPC, intends to utilise the IPO proceeds, which are expected to be around Rs 7,500 crore at the upper band, to repay or refund part or all of the outstanding debts of its subsidiary NTPC Renewable Energy Ltd (NREL). A part will be used for general company purposes.
NTPC Green Energy is a ‘Maharatna’ central public sector organisation that owns and operates renewable energy assets such as solar and wind.
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NTPC Green Energy IPO Price Band
The initial share sale is a completely new issuance of equity shares, with no offer-for-sale component. The issuance has a price range of Rs 102-108/share.
NTPC Green Energy IPO Allotment Date and Time
The share allotment for the IPO is expected to be completed by Monday, November 25.
To verify NTPC IPO allotment status, follow these steps:
On BSE:
- Step 1: Visit the BSE Website https://www.bseindia.com/investors/appli_check.aspx.
- Step 2: From the drop-down option, please choose the issue name, which is the name of the company.
- Step 3: To see the status of your allocation, enter your application number or PAN number.
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On registrar Website:
- Step 1: Visit the KFin Technologies website https://kosmic.kfintech.com/ipostatus/
- Step 2: Select NTPC IPO.
- Step 3: To find out the status, enter your PAN details and click Search.
NTPC Green Energy IPO Listing Date
According to the company’s RHP filed with market regulator SEBI, shares of the company are expected to begin trading on the NSE and BSE on Wednesday, November 27.
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NTPC Green Energy IPO GMP Latest
The grey market premium for the NTPC Green Energy IPO has been dropping over the last several days, from a high of Rs 25 at one point. According to various websites that track IPO GMP, shares of NTPC Green Energy have a GMP of Rs 3.50, or 3.24%, indicating a subdued listing for the Rs 10,000 crore IPO.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
