The investors are waiting for the NTPC Green Energy IPO allocation details after the mainboard issue closed with a decent demand. The ₹10,000-crore IPO was open for subscription from November 19 to November 22.
The IPO price band was set between ₹102 to ₹108 per share.
NTPC Green Energy IPO was subscribed 2.55 times on the last day of bidding on November 22. The retail investors led the demand by booking their reserved portion 3.59 times. The Qualified Institutional Buyers (QIBs) portion was booked 3.51 times, while the Non-Institutional Investors (NIIs) booked their category 85%.
NTPC Green Energy has proposed to list on BSE and NSE on November 27.
How to check the IPO allotment status
Investors can verify their allotment status on the BSE and NSE websites. The investors can also check the share allocation details on the official website of the IPO registrar, KFin Technologies Ltd.
Steps to check NTPC Green Energy IPO allotment status on BSE:
Visit the IPO allotment page on the BSE website.
Select ‘Equity’ as the issue type.
Choose ‘NTPC Green Energy’ from the list.
Enter your application number or PAN.
Click ‘Search’ to view your status.
Steps to check IPO allotment status on KFin Technologies’ website:
Go to the KFin Technologies IPO allotment status page.
Select ‘NTPC Green Energy’ from the dropdown.
Enter your details (PAN, Application Number, DP/Client ID, or Account No/IFSC).
Click ‘Submit’ to check your status.
Successful applicants will receive shares in their Demat accounts on November 26. Refunds will also be initiated for unsuccessful bidders the same day.
About NTPC Green Energy IPO
The IPO had broadly received positive reviews from analysts who have recommended subscribing to the offering for a long term, considering the company’s long-term growth potential.
Ahead of the issue opening, the company bagged ₹3,960 crore from anchor investors where marquee investors including Goldman Sachs, GIC, T.Rowe Price, Abu Dhabi Investment Authority, Morgan Stanley, Allianz Global, among others participated.
Proceeds from the fresh issue to the extent of ₹7,500 crore will be used for investment in its wholly owned subsidiary, NTPC Renewable Energy Ltd. (NREL) for repayment, in full or in part of certain outstanding borrowings availed by NREL; and general corporate purposes.
This IPO ranks as the third largest of the year, following Hyundai Motor India’s ₹27,870 crore issue and Swiggy’s ₹11,300 crore offering.
