The highly anticipated allotment for the NTPC Green Energy IPO is expected to be finalised soon, with investors eagerly waiting to see whether they’ll be receiving their shares. If you applied for the IPO, here’s everything you need to know to check your allotment status.
Subscription Numbers: A Strong Response from Investors
NTPC Green Energy’s IPO has garnered solid interest from investors, signaling strong confidence in the renewable energy space. As of the third day of bidding, November 22, 2024, the IPO was subscribed 2.55 times overall, with retail investors leading the way.
The retail segment, in particular, showed great enthusiasm, subscribing 3.59 times the shares allocated for them. Institutional buyers also came forward, with Qualified Institutional Buyers (QIBs) subscribing 3.51 times. On the other hand, Non-Institutional Investors (NIIs), including high-net-worth individuals (HNIs), were relatively lukewarm, with a subscription of just 0.85 times.
With such strong demand, many investors are now eagerly awaiting the final allotment details. Here’s how you can check whether you’ve secured shares in this IPO.
Checking Allotment Status: Online Made Easy
If you’ve participated in the NTPC Green Energy IPO and want to know if you’ve been allotted shares, you can easily check the status through the official portals of BSE or KFin Technologies, the registrar for the IPO.
Steps to Check Allotment Status on the BSE Website:
- Visit the BSE allotment status page (link provided).
- Select “Equity” as the issue type.
- From the dropdown list, choose “NTPC Green Energy Ltd.”
- Enter your application number and PAN card details.
- Complete the CAPTCHA and click “Submit.”
Once you click submit, the page will display your allotment status.
Steps to Check Allotment Status on KFin Technologies Portal:
- Head to the KFin Technologies allotment status page (link provided).
- Choose “NTPC Green Energy Ltd” from the dropdown.
- Select how you’d like to check the allotment: by Application Number, Demat Account, or PAN.
- Enter the relevant details and CAPTCHA.
- Click “Submit” to view your status.
These simple steps will quickly reveal whether or not you’ve been allotted shares in the NTPC Green Energy IPO.
What’s the Grey Market Premium (GMP) Telling Us?
As of November 25, 2024, the latest grey market premium (GMP) for the NTPC Green Energy IPO stands at Rs 3.50. With the upper price band set at Rs 108, the projected listing price is Rs 111.50, suggesting a potential gain of around 3.24% per share from the issue price. This positive sentiment in the grey market adds a bit of optimism for those awaiting their allotment.
Shares of NTPC Green Energy are set to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 27, 2024. Investors will be keeping a close eye on the stock’s market debut, as the renewable energy sector continues to grow in India.
What to Expect on the Day of Listing
On the listing day, the excitement will likely be palpable as investors look to see how NTPC Green Energy’s shares perform on the stock exchanges. If the IPO’s GMP is any indication, the stock could see a positive debut, but market conditions can always change.
The listing price is expected to be around Rs 111.50 per share, factoring in the GMP, but whether it will maintain this level after market open remains to be seen.
For those who didn’t get allotted shares, the market debut could still present opportunities to buy in, depending on the price movement post-listing. However, like any stock, the price could fluctuate, so investors should stay informed and keep an eye on developments.
