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NTPC Green Energy IPO Listing: The firm’s shares are more likely to be listed on the exchanges tomorrow; Here’s how you can examine allotment standing
NTPC Green Energy IPO: Check GMP, Listing Date, and How to Check Allotment Status
The allotment for the NTPC Green Energy IPO has been finalized, and traders have began receiving financial institution debit messages. They may also examine the IPO allotment standing on-line on the BSE and NSE web sites, in addition to on Kfin Technologies’ portal. Shares of NTPC Green are more likely to be listed the bourse on Wednesday, November 27.
The IPO, which was open for public subscription from November 19 to November 22, was subscribed 2.55 instances, with bids totaling 142,65,50,988 shares in opposition to the 56,01,58,217 shares on supply. The worth band for the NTPC Green Energy IPO was set between Rs 102 and Rs 108 per share.
NTPC Green Energy IPO GMP Today
After remaining flat within the gray market, NTPC Green Energy shares have as soon as once more began buying and selling at a premium. According to inventory market observers, the shares are at present buying and selling at a Rs 4 premium in in the present day’s gray market.
As famous earlier, the NTPC Green Energy IPO’s Grey Market Premium (GMP) stands at Rs 4 in the present day, up Rs 2 from the Rs 2 GMP noticed over the weekend. Market consultants attribute the rise in gray market sentiment to the current pattern reversal within the Indian inventory market. They identified that frontline indices on Dalal Street noticed an honest pullback rally on Friday, which doubtless influenced the unlisted inventory market. If the secondary market continues its upward momentum, observers anticipate additional enchancment within the gray market sentiment for the NTPC Green Energy IPO.
The GMP fluctuates based mostly on market sentiment, indicating how a lot traders are prepared to pay above the problem worth.
How to Check Allotment Status
Investors can examine the IPO allotment standing on-line by following these steps:
- Visit the official BSE web site: https://www.bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ below ‘Issue Type’.
- Choose ‘NTPC Green Energy Ltd’ from the ‘Issue Name’ dropdown.
- Enter your software quantity or PAN.
- Click on ‘I’m not a robotic’ to confirm after which click on ‘Search’.
Alternatively, traders can go to the Kfin Technologies Ltd portal at https://ipostatus.kfintech.com/ to examine the allotment standing.
NTPC Green Energy IPO: Key Details
The NTPC Green Energy IPO, valued at Rs 10,000 crore, is a totally contemporary fairness issuance with no Offer-for-Sale (OFS) part. The worth vary is about between Rs 102 and Rs 108 per share, and the problem was open for subscription from November 19 to November 22.
Before the IPO, NTPC Green Energy raised Rs 3,960 crore from anchor traders. The firm plans to make use of Rs 7,500 crore from the proceeds to repay or prepay loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), with the remaining funds allotted for normal company functions.
NTPC Green Energy, a ‘Maharatna’ central public sector enterprise, has a renewable vitality portfolio that features each photo voltaic and wind energy belongings.
The IPO is being managed by IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Services (previously IIFL Securities), and Nuvama Wealth Management because the book-running lead managers.
Disclaimer:Disclaimer: The views and funding ideas by consultants on this News18.com report are their very own and never these of the web site or its administration. Users are suggested to examine with licensed consultants earlier than taking any funding selections.
