NTPC Green Energy IPO Allotment Expected on November 25: How to Check Status Online

Investors are eagerly awaiting the allocation details for the NTPC Green Energy IPO, following the successful closure of the ₹10,000-crore mainboard issue. The IPO was open for subscription from November 19 to November 22, 2024, and has generated significant interest in the market. As the IPO draws closer to the allotment date, many are keen to know whether they have successfully secured shares.

The NTPC Green Energy Ltd., a subsidiary of NTPC Ltd., is expected to finalize the IPO allotment status on Monday, November 25, 2024. The share price for the IPO was set between ₹102 to ₹108 per share, and the company is targeting a listing on the BSE and NSE on November 27, 2024.

Subscription Details of NTPC Green Energy IPO

The IPO saw strong demand, with the issue being subscribed 2.55 times on the final day of bidding. Retail investors led the demand, subscribing to their reserved portion 3.59 times, showing a strong retail participation. The Qualified Institutional Buyers (QIBs) category was also highly subscribed, with a 3.51 times subscription rate, while Non-Institutional Investors (NIIs) subscribed 85% of their designated share portion.

How to Check NTPC Green Energy IPO Allotment Status

Investors can easily check their IPO allotment status on the websites of BSE, NSE, or through the official IPO registrar, KFin Technologies Ltd. Below are the steps to check the IPO allotment status:

Check NTPC Green Energy IPO Allotment Status on BSE

1. Visit the IPO allotment page on the BSE website.

2. Select ‘Equity’ as the issue type.

3. Choose ‘NTPC Green Energy’ from the list of issues.

4. Enter your application number or PAN.

5. Click ‘Search’ to view your allotment status.

Check NTPC Green Energy IPO Allotment Status on KFin Technologies

1. Go to the IPO allotment status page on the KFin Technologies website.

2. From the dropdown, select ‘NTPC Green Energy’.

3. Enter your application details, such as PAN, Application Number, DP/Client ID, or Account No/IFSC.

4. Click ‘Submit’ to view your status.

Successful Applicants and Refunds

Successful applicants will receive the allotted shares in their Demat accounts by November 26, 2024. For unsuccessful bidders, refunds will be initiated on the same day. The IPO process is expected to run smoothly, with clear communication provided for both successful and unsuccessful applicants.

About NTPC Green Energy IPO

The NTPC Green Energy IPO has generally received positive reviews from analysts, who view the offering as a solid long-term investment due to the company’s growth potential in the renewable energy sector. The IPO’s strong demand and investor enthusiasm reflect confidence in NTPC Green Energy’s future prospects.

Ahead of the IPO, the company raised ₹3,960 crore from anchor investors. These include several prominent global investors, such as Goldman Sachs, GIC, T. Rowe Price, Abu Dhabi Investment Authority, and Morgan Stanley, among others. The positive backing from these marquee investors highlights the strong confidence in the company’s potential.

IPO Proceeds and Future Plans

The proceeds from the fresh issue, to the tune of ₹7,500 crore, will primarily be used for investments in NTPC Green Energy’s wholly-owned subsidiary, NTPC Renewable Energy Ltd. (NREL). These funds will also be used for the repayment of certain outstanding borrowings availed by NREL and for general corporate purposes.

This IPO stands as the third-largest offering of the year, following Hyundai Motor India’s ₹27,870 crore issue and Swiggy’s ₹11,300 crore offering. The NTPC Green Energy IPO is expected to be a significant milestone for the company, positioning it for continued growth in the renewable energy sector.