NTPC Green Energy IPO Allotment: Key Details You Need to Know

NTPC Green Energy, a leading player in the renewable energy sector and a wholly-owned subsidiary of NTPC, has successfully raised a record-breaking ₹10,000 crore through its Initial Public Offering (IPO). This marks the highest amount raised by any renewable energy company in 2024. The IPO, which was open for subscription from November 19 to November 22, is expected to list on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 27, 2024.

IPO Allotment and What to Expect

The allotment of shares for NTPC Green Energy IPO will be finalised on November 25, 2024. Investors eagerly awaiting the allotment can check the status using the following steps:

Step 1: Open your preferred web browser and search for Kfin Technologies, the platform where the allotment status is available.

Step 2: Visit the official Kfin Technologies website. Hover over the ‘Products’ section, go to the ‘Investors’ tab in the drop-down menu, and click on the IPO Allotment Status option.

Step 3: Enter the required details, which could be the company’s name, your application number, Demat account number, or PAN number (any one of these).

Step 4: Enter the captcha and click on the search button. Your IPO allotment status will appear on the screen.

Key Dates to Remember

• Allotment Finalisation: November 25, 2024
• Refunds: November 26, 2024
• Shares Credit: November 26, 2024
• Listing on Bourses (NSE & BSE): November 27, 2024

Grey Market Premium (GMP) Insights

In the grey market, which is an unofficial platform for trading shares before they are officially listed, the shares of NTPC Green Energy were trading at a premium of ₹111.5, reflecting a 3.2% increase over the issue price of ₹108. This premium indicates positive sentiment towards the IPO, suggesting that investors expect the stock to perform well once it lists on the bourses.

About NTPC Green Energy

NTPC Green Energy is a key player in India’s renewable energy sector, focusing on solar, wind, hydroelectric power generation, and energy storage. The company is positioned to lead the renewable energy market, with plans to significantly increase its operational capacity in the coming years.

• Current Capacity: 3.3 GW (as of September 2024)
• Future Targets:
  • FY25: 6 GW
  • FY26: 11 GW
  • FY27: 9 GW

The company’s ambitious growth plans include expanding its renewable energy assets through both organic and inorganic routes, with a strong emphasis on hydroelectric power projects. This strategic growth will play a pivotal role in supporting India’s transition to cleaner energy sources and further cement NTPC Green Energy’s position as a leader in the renewable sector.

Conclusion

The NTPC Green Energy IPO has generated significant interest, with the company raising ₹10,000 crore, the highest for a renewable energy company in 2024. With a robust business model focused on renewable energy and ambitious growth targets, NTPC Green Energy is poised to play a crucial role in the nation’s green energy transition. Investors can track the allotment status through Kfin Technologies and look forward to the listing of the shares on November 27, 2024.

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