NTPC Green Energy Allotment Likely Today; Listing Expected On November 27, 2024

NTPC Green Energy IPO closed for bidding on November 22, 2024. The IPO was of a book-built issue which comprised a fresh issue of 92.59 crore shares, with the price band set between ₹102 to ₹108 per share. Investors were invited to bid for the issue from November 19, 2024, to November 22, 2024.

NTPC Green Energy IPO allotment date is expected to be on November 25, 2024. The shares are expected to be listed on the BSE and NSE on November 27, 2024. Applicants can check their NTPC Green Energy IPO allotment status on the BSE website or via KFin Technologies, the official registrar for the IPO.

The IPO was of 92,68,24,883 shares. 24,44,44,445 (26.37%) to QIB, 12,22,22,222 (13.19%) to NII, 8,14,81,481 (8.79%) to RII, 1,94,17,476 (2.1%) to employees and 36,66,66,666 (39.56%) to Anchor investors.

On Day 3, the IPO achieved a total subscription of 2.55 times. Within the subscription categories, the retail portion was subscribed 3.59 times, the Qualified Institutional Buyers (QIB) segment 3.51 times, and the Non-Institutional Investors (NII) portion saw a subscription of 0.85 times.

On November 25, 2024, as of 7:00 AM, NTPC Green Energy IPO GMP stood at ₹3.50.

NTPC Green Energy, a key player in India’s renewable energy sector, has positioned this IPO as a significant step toward enhancing its growth trajectory. With its listing, the company aims to strengthen its financial position and fund its ambitious renewable energy projects, aligning with India’s transition toward sustainable energy solutions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.