NTPC Green Energy Limited, a subsidiary of NTPC Ltd., is set to finalize its IPO share allotment on November 25, marking a significant milestone in one of 2023’s largest public offerings. The ₹10,000-crore IPO, which concluded on November 22, has generated considerable interest among investors.
Table of Contents
NTPC Green Energy IPO: Subscription Updates
Overall Performance
- Total subscription: 2.55 times oversubscribed
- Price band: ₹102-108 per share
- Subscription period: November 19-22, 2024
- Listing date: November 27, 2024
Category-wise Subscription
- Retail Investors: 3.59 times
- Qualified Institutional Buyers: 3.51 times
- Non-Institutional Investors: 85% booked
Checking Allotment Status
BSE Method
- Visit BSE website’s IPO section
- Select ‘Equity’ category
- Choose NTPC Green Energy
- Enter application details
- View allocation status
KFin Technologies Method
- Access KFin Technologies portal
- Select IPO from dropdown
- Input personal details
- Submit for status check
Important Dates
- Allotment Date: November 25
- Demat Credit: November 26
- Refund Initiation: November 26
- Listing Date: November 27
The IPO has received strong support from anchor investors, including global giants like Goldman Sachs, GIC, and Abu Dhabi Investment Authority, who collectively invested ₹3,960 crore. This institutional backing, combined with the company’s strategic position in the growing renewable energy sector, suggests positive long-term prospects for investors.
The successful completion of this IPO marks another milestone in India’s green energy sector, reflecting growing investor confidence in sustainable energy investments. As NTPC Green Energy prepares for its market debut, both retail and institutional investors await the potential growth opportunities in this emerging sector.
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FAQs
Q1: What makes NTPC Green Energy IPO significant for investors?
NTPC Green Energy IPO is the third-largest offering of the year, following Hyundai Motor India and Swiggy. The company’s focus on renewable energy, strong parent company backing, and positive analyst recommendations make it attractive for long-term investors.
Q2: How will the IPO proceeds be utilized?
The company plans to use ₹7,500 crore from the fresh issue to invest in its subsidiary, NTPC Renewable Energy Ltd. (NREL), primarily for debt repayment. The remaining funds will be allocated for general corporate purposes.