NTPC Green Energy IPO Listing: Shares of company likely to list on exchanges tomorrow; Here’s how to check allotment status
Allotment for NTPC Green Energy IPO has been finalised, and bank debit messages have started getting to investors. They can also check the IPO allotment status online on BSE and NSE websites as well as Kfin Technologies’ portal. Shares of NTPC Green are likely to be listed on the bourse 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 bid of 142,65,50,988 shares against 56,01,58,217 shares on offer. Price band per share for NTPC Green Energy IPO is Rs. 102 and Rs. 108 was set between
NTPC Green Energy IPO GMP Today
After remaining flat in the gray market, NTPC Green Energy shares have once again started trading at a premium. According to stock market watchers, in today’s gray market, the stock is currently trading at Rs. 4 are trading at a premium.
As noted earlier, the Gray Market Premium (GMP) of NTPC Green Energy IPO today stood at Rs. 4, compared to the weekend seen at Rs. 2 GMP to Rs. 2 to Rs. Market experts consider the recent trend reversal in the Indian stock market as a reason for the increase in gray market sentiment. They pointed out that Friday witnessed a good pullback rally in frontline indices on Dalal Street, which affected unlisted bourses. If the secondary market continues its upward momentum, observers expect further improvement in gray market sentiment for NTPC Green Energy IPO.
GMP fluctuates based on market sentiment, which indicates how much investors are willing to pay over the issue price.
How to Check Allotment Status
Investors can check IPO allotment status online by following these steps:
- Visit the 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’ dropdown.
- Enter your application number or PAN.
- Click on ‘I’m not a robot’ to verify and then click on ‘Search’.
Alternatively, investors can visit the Kfin Technologies Ltd portal To check allocation status.
NTPC Green Energy IPO: Key Details
NTPC Green Energy IPO, priced at Rs. 10,000 crore, it is a completely fresh equity issue with no offer-for-sale (OFS) component. Price range per share Rs. 102 and Rs. 108 is set between and the issue was open for subscription from November 19 to November 22.
Ahead of the IPO, NTPC Green Energy raised Rs. 3,960 crore was collected. The company used the proceeds to repay or prepay the loan of its subsidiary, NTPC Renewable Energy Limited (NREL). 7,500 crore is planned to be used, the remaining funds are earmarked for general corporate purposes.
NTPC Green Energy, a ‘Maharatna’ central public sector enterprise, has a renewable energy portfolio that includes both solar and wind power assets.
The IPO is managed by IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Services (formerly IIFL Securities), and Nuwama 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 check with certified experts before taking any investment decision.