The much-anticipated NTPC Green Energy IPO, valued at ₹10,000 crore, concluded successfully with an enthusiastic response from investors. The public issue received bids for 1,42,65,07,242 shares against the 59,31,67,575 shares on offer, achieving a subscription rate of 2.40 times, according to data from the NSE. The NTPC Green Energy IPO marks India’s third-largest IPO of 2024, highlighting investor confidence in renewable energy investments.
NTPC Green Energy IPO Overview
The NTPC Green Energy IPO is a fresh issue of equity shares without any Offer for Sale (OFS) component. The IPO is priced within a range of ₹102-₹108 per share, with a minimum lot size of 600 shares. Retail investors need at least ₹61,200 to invest in a single lot of the IPO.
| Details | Figures |
|---|---|
| Total IPO Size | ₹10,000 crore |
| Subscription Rate | 2.40x |
| Shares Offered | 59,31,67,575 shares |
| Shares Bid For | 1,42,65,07,242 shares |
| IPO Price Band | ₹102-₹108 per share |
| Minimum Investment | ₹61,200 |
Utilization of NTPC Green Energy IPO Proceeds
The proceeds of the NTPC Green Energy IPO will primarily be used to repay or refinance the outstanding debts of its subsidiary, NTPC Renewable Energy Ltd (NREL). A portion will also be allocated for general corporate purposes. This strategic move aligns with NTPC Green Energy’s goal of becoming a leader in renewable energy solutions by reducing debt and strengthening operational capabilities.
NTPC Green Energy IPO Allotment Date and Status
The allotment date for the NTPC Green Energy IPO is scheduled for Monday, November 25, 2024. Investors who applied for the IPO can check their allotment status online using their PAN number or application details through the following methods:
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How to Check NTPC Green Energy IPO Allotment Status
1. On the BSE Website
- Visit the BSE IPO Status Page.
- Select NTPC Green Energy IPO from the dropdown.
- Enter your Application Number or PAN Number.
- Click Search to view your allotment status.
2. On the Registrar’s Website (KFin Technologies)
- Go to the KFin Technologies IPO Status Page.
- Choose NTPC Green Energy IPO from the list.
- Enter your PAN Details and click Search to find your allotment status.
NTPC Green Energy IPO Listing Date
The shares of NTPC Green Energy IPO are expected to list on the NSE and BSE on Wednesday, November 27, 2024, according to the company’s Red Herring Prospectus (RHP).
NTPC Green Energy IPO GMP Trends
The NTPC Green Energy IPO grey market premium (GMP) has seen fluctuations recently. Initially at ₹25, the GMP has declined to ₹3.50, signaling a subdued listing performance. Despite this, investors remain optimistic about the long-term growth potential of NTPC Green Energy IPO.
| Date | GMP (₹) | Percentage Premium |
|---|---|---|
| Initial GMP | ₹25 | 23.15% |
| Current GMP | ₹3.50 | 3.24% |
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Key Highlights of NTPC Green Energy
NTPC Green Energy is a subsidiary of NTPC Limited, focusing on renewable energy assets such as solar and wind energy projects. The company is part of India’s growing renewable energy sector and aims to reduce carbon emissions while increasing energy efficiency.
- The company operates under the Maharatna CPSU (Central Public Sector Undertaking) status.
- Funds from the NTPC Green Energy IPO will help the company expand its renewable energy infrastructure and improve operational efficiency.
- NTPC Green Energy is positioning itself as a leader in renewable energy, competing with private players like Adani Green Energy.
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