- Allotment Date: November 25, 2024.
- Oversubscription: 2.42 times.
- Price Band: ₹102 - ₹108 per share.
- Lot Size: 138 shares.
- Grey Market Premium (GMP): ₹3.50 (3.24% premium).
- Expected Listing Date: November 27, 2024.
- Investor Category Insights: RIIs led with 3.44 times subscription.
NTPC Green Energy’s IPO shares allotment, a state-owned renewable energy enterprise, is set to take place today, Monday, November 25, 2024. The IPO saw enthusiastic participation during its three-day subscription period, which ended on Friday, November 22, 2024.
The IPO, offered at a price band of ₹102-₹108 per share with a lot size of 138 shares, received bids for 1,43,37,68,664 shares against the 59,31,67,575 shares available. This reflects an oversubscription rate of 2.42 times.
NTPC Green Energy IPO Final Subscription Details
| Investor Category | Subscription Rate |
|---|---|
| Retail Individual Investors (RIIs) | 3.44 times |
| Qualified Institutional Buyers (QIBs) | 3.32 times |
| Non-Institutional Investors (NIIs) | 0.81 times |
| Employee Quota | 0.80 times |
| Shareholder Quota | 1.60 times |
Checking IPO Allotment Status
Once the allotment process concludes, investors can check their allotment status through:
- Official Websites: BSE, NSE.
- Direct Links: Visit the registrar’s website for a simplified process.
NTPC Green Energy IPO shares are trading at a grey market premium (GMP) of ₹3.50, representing a 3.24% premium over the IPO’s upper price band of ₹108. This is a notable rise from the ₹0.80 GMP recorded on November 19, 2024.
The expected listing price of shares on the BSE and NSE is approximately ₹111.50, reflecting the GMP trends. The listing is scheduled for Wednesday, November 27, 2024.
About NTPC Green Energy
NTPC Green Energy Limited (NGEL) is the core entity for NTPC’s renewable energy initiatives. With a target of achieving 60 GW of renewable energy capacity by FY32, the company actively engages in project development through organic and inorganic approaches. It participates in tenders, Ultra Mega Renewable Energy Power Parks (UMREPP), and other green energy ventures, aiming to establish itself as a global leader in sustainable energy solutions.
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