NTPC Green IPO Allotment Today: Check Status Online (25 Nov 2024)

NTPC Green Energy IPO allotment today

NTPC Green IPO Allotment Today: Check Status Online (25 Nov 2024) The allotment for the NTPC Green Energy IPO is set to be finalized today, November 25, 2024. The IPO, which closed on November 22, 2024, was well-received, with a 2.42 times oversubscription. The price range for the shares was Rs 102 to Rs 108, with a lot size of 138 shares. Retail Individual Investors (RIIs) showed the most interest, subscribing 3.44 times their quota, followed by Qualified Institutional Buyers (QIBs) at 3.32 times, and Non-Institutional Investors (NIIs) at 0.81 times. The portions for employees and shareholders were subscribed 0.80 times and 1.60 times, respectively.

Once the allotment is complete, investors can check their status on the BSE, NSE, or Kfin Technologies websites. Direct links for checking the status are provided:

• BSE
• Kfin Technologies
• NSE 

The grey market premium (GMP) for NTPC Green Energy shares is currently around Rs 3.50, or 3.24% above the upper price band of Rs 108. If this trend continues, the shares are expected to list at approximately Rs 111.50 on November 27, 2024, reflecting the premium.

NTPC Green Energy (NGEL) is focused on renewable energy and aims to achieve 60 GW of renewable capacity by FY32. The company is involved in various green energy projects and bidding processes to expand its portfolio and establish itself as a leading player in the global green energy market.

NTPC Green IPO Allotment Today: Check Status Online (25 Nov 2024) If you applied for the NTPC Green Energy IPO and are awaiting the allotment status, here’s how you can check it online:

Through the BSE website:

• • Go to the BSE application check page.
  • Select NTPC Green Energy from the dropdown menu.
  • Enter your application number or PAN number to view your allotment status.

Through KFin Technologies:

• • Visit the KFin Technologies IPO status page.
  • Select NTPC Green Energy.
  • Enter your PAN details and click ‘search’ to find out your allotment.

The NTPC Green Energy IPO, which closed on November 22, 2024, saw an oversubscription of 2.4 times, with strong participation from retail individual investors (3.4 times) and qualified institutional buyers (3.3 times). The price range for the IPO was Rs 102-108 per share, with lots of 138 shares, costing Rs 14,076 to Rs 14,904 per lot.

The shares of NTPC Green Energy are expected to list on the BSE and NSE on November 27, 2024, after the allotment is finalized. The company raised Rs 3,960 crore from anchor investors like LIC, ICICI Prudential MF, and SBI Life Insurance, issuing shares at Rs 108 each.

NTPC Green Energy, a subsidiary of NTPC, focuses on advancing green energy projects as part of NTPC’s goal to reach 60 GW of renewable capacity by FY 2031-32.

NTPC Green IPO Allotment Today: Check Status Online (25 Nov 2024) The NTPC Green Energy IPO, which aimed to raise ₹10,000 crore, concluded its subscription on November 22, 2024, with a subscription rate of 2.40 times. The issue, priced between ₹102 and ₹108 per share, saw strong demand, particularly from retail investors, who subscribed 3.36 times their allocated portion. Qualified institutional buyers (QIBs) also showed good interest, subscribing 3.32 times, while non-institutional investors (NIIs) subscribed 0.80 times.

Despite a decline in the grey market premium (GMP) from ₹3 to ₹0.80 during the subscription period, with the final GMP at zero, the stock is expected to have a flat debut on the BSE and NSE on November 27, 2024.

IPO Review: Experts generally view the NTPC Green Energy IPO as a long-term investment opportunity. While the pricing may seem aggressive based on its FY25 projected earnings—resulting in a high price-to-earnings (P/E) ratio of 259.56—analysts believe the company’s strong capacity expansion plans and its position in the renewable energy sector justify the premium.

Brokerage firms like Bajaj Broking and Anand Rathi recommend subscribing for the long term, noting the company’s established presence in solar, wind, and upcoming hydroelectric power, as well as its expansion into power storage solutions. Geojit Securities also gave a “subscribe” rating, citing NTPC Green Energy’s strong brand, solid execution capabilities, and promising outlook in the renewable energy space.

In summary, while the IPO appears aggressively priced, experts believe it represents a solid long-term investment due to its future growth prospects in the renewable energy sector.