The shares were allocated on November 25. Investors receive shares on a lottery basis, and the entire process was supervised by the registrar. On the allotment date, investors are informed about the number of shares allotted to them in relation to the bids they made.
NTPC Green IPO GMP
The company’s shares are likely to be listed on the exchanges tomorrow, and in the unlisted market, they are trading with a GMP of Rs 2-3, indicating a premium of just 1.85% over the issue price.
How to check NTPC Green Energy IPO allotment status on BSE
Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)
Step 2: Please select the issue name, that is the company’s name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.To check the status of NTPC Green IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.Step 1: Visit the Kfin Technologies website (https://ipostatus.kfintech.com/)
Step 2: Select NTPC Green IPO
Step 3: Enter the PAN details and click search to know the status
NTPC Green IPO subscription
The IPO of NTPC Green received a decent response from investors, with an overall subscription of nearly 2.4 times at the close.
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Other Details
The proceeds from the offer will be used for investment in its wholly-owned subsidiary, NTPC Renewable Energy, for debt repayment, and other general corporate purposes.
NTPC Green, a subsidiary of NTPC, is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 24 and power generation in FY24.
Its renewable energy portfolio includes both solar and wind power assets with a presence across multiple locations in more than six states, which helps mitigate the risk of location-specific generation variability.
The operational capacity was 3,220 MW of solar projects and 100 MW of wind projects as of September 2024.
NTPC Green Energy’s revenue from operations has grown at a CAGR of 46.82%, from Rs 910.42 crore in fiscal 2022 to Rs 1,962.6 crore in fiscal 2024. Profit after tax grew at a CAGR of 90.75%, from Rs 94.74 crore in FY22 to Rs 344.72 crore in FY24.
IDBI Capital Markets and Securities, HDFC Bank, IFL Capital Services (formerly known as IIFL Securities), and Nuvama Wealth Management are the book-running lead managers to the issue.”
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