Mumbai, November 26: The final allotment for the NTPC Green Energy IPO has been confirmed, allowing investors to check their status via bank debit messages or online platforms such as BSE, NSE, and Kfin Technologies. The shares, which opened for subscription on November 19 and closed on November 22, are set to be listed on stock exchanges on November 27, 2024.
The public offering saw strong interest, with the issue oversubscribed by 2.42 times, according to the National Stock Exchange (NSE). Analysts maintain a positive long-term outlook for the company, though modest listing gains are anticipated.
The NTPC Green Energy IPO, valued at Rs 10,000 crore, is a fresh equity issuance with no Offer-for-Sale (OFS) component. The price range is between Rs 102 and Rs 108 per share, with prior fundraising of Rs 3,960 crore from anchor investors. Proceeds will primarily be used to repay loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), with remaining funds allocated for general corporate purposes. The IPO is managed by IDBI Capital, HDFC Bank, IIFL Capital Services, and Nuvama Wealth Management.
The Grey Market Premium (GMP) for the NTPC Green Energy IPO has risen to INR 4, up from INR 2 over the weekend, attributed to a recent rally in the Indian stock market, boosting sentiment in the grey market. If the upward trend continues, further improvements in GMP are expected.