NTPC Green Energy IPO Allotment Status: How to Check the Time and Date

Indeed, how and when to check allotment for NTPC Green Energy IPO is now the query emerging for investors after the long-awaited NTPC Green Energy IPO had closed. Open subscriptions for the renewable energy arm of the state-owned NTPC, NTPC Green Energy, are in the offing. Other investors have said nothing about their reaction, though one segment that has been more than vocal about their desire is the retail investors.

NTPC Green Energy IPO: Allotment and Listing Information

NTPC Green Energy, the subsidiary of big energy company NTPC, saw its maiden public issue subscribed on November 19 and November 22, 2024. The amount under issuance is Rs 10,000 crore and the price band for every share is Rs 102 to Rs 108. The interest for retail investors, however, is visible in the 3.44 times subscription rate of the retail portion though the general subscription rate was mild at 2.42 times.

As on date 25 November, the allotment status of NTPC Green Energy IPO has been finalized and applicants can check if they get their required number of shares. The shares will hit BSE and NSE from November 27. The refund process for unsuccessful applicants will start on November 26.

How to Check NTPC Green Energy IPO Allotment Status

Checking the allotment status for NTPC Green Energy IPO, in case you have filled up your application form for shares, is as follows:

On the BSE Website

• Opening the official BSE IPO Status Page.
• Click on "Equity" from the dropdown named Issue Type.
• Click on NTPC Green Energy Limited from the dropdown named Issue Name.
• Enter your application number or PAN card details.
• Fill out the CAPTCHA and search to know about your allotment status

On KFin Technologies

• Open the official website of KFin Technologies IPO Status.
• Now, select NTPC Green Energy Limited from the dropdown menu.
• Select any one option of Application No., Demat Account, or PAN ID.
• Enter your selected option and fill in the CAPTCHA.
• Click Submit to check your allotment status.

The KFintech portal as well as the BSE website can be relied on for checking NTPC Green Energy IPO allotment status.

Grey Market Premium and Expected Listing Price

The grey market for NTPC Green Energy IPO started showing a slight improvement after the close of the subscription period. The NTPC Green Energy IPO GMP Grey Market Premium last witnessed on November 25 was Rs 3.50, which is a mild listing gain at about 3-4% over the issue price. Shares may, therefore, list around Rs 111.50 if the sentiments in the market remain the same.

GMP's positive IPO GMPs now show increased confidence in the long-term prospects of the company, particularly when it comes to its parentage under NTPC and its concentration on green energy projects; despite the fact that shares of NTPC Green Energy will not be appreciable in the gray market.

What Investors Should Know

The company floated the NTPC Green Energy IPO with an aim to raise funds that shall be deployed to increase its capital assets in the renewable energy sector. While the company has, up until this point, established a functional capacity of 3,171 MW in solar and wind plants as of August 2024. Despite the uninspired response that the IPO has elicited, it still is well-positioned to exploit the ever-increasing demand for green energy.

NTPC Green Energy IPO will be allotted on November 25, with a listing on November 27, 2024.

At a decent subscription level and stable grey market trends, the stock will list at a minor premium and is sure to attract long-term investors to tap into the renewable energy space.

Conclusion: What's in Store for NTPC Green Energy Investors?

NTPC Green Energy saw a stunning IPO process with an overall subscription of 2.42 times, and it saw tremendous interest from retail investors as well. With the allotment status for NTPC Green Energy IPO now complete, the investor can check in a jiffy within minutes whether they've got shares allotted or not. November 27 is the listing date of the NTPC Green Energy IPO, which promises a new chapter for the company; its shareholders can await the listing date with moderate optimism, especially with the positive IPO GMP today.