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NTPC Green Energy GMP: Unlisted shares of NTPC Green Energy Ltd are currently trading at Rs 111 per share in the grey market, which is 2.78% higher than the IPO issue price of Rs 108.
NTPC Green Energy IPO Allotment Status.
NTPC Green Energy IPO Allotment Today, GMP, Listing Date: The NTPC Green Energy IPO allotment has been finalised. Investors have started receiving bank debit messages. They can also check the IPO allotment status online on the websites of BSE and NSE, as well as on Kfin Technologies‘ portal. Its GMP has increased marginally over the weekend and currently stands at 2.78 per cent, indicating a relatively flat listing on November 27.
The initial public offering, which was opened for public subscription between November 19 and November 22, received a 2.55 times subscription garnering bids for 1,42,65,50,988 shares as against the 56,01,58,217 shares on offer. The price band of the NTPC Green Energy IPO was fixed at Rs 102 and Rs 108 apiece.
The shares of Swiggy are scheduled to be listed on both BSE and NSE on November 27.
The allotment status can be checked online on the websites of BSE and NSE, as well as on the registrar Kfin Technologies Ltd’s portal.
NTPC Green Energy IPO GMP Today
According to market observers, unlisted shares of NTPC Green Energy Ltd are currently trading at Rs 111 per share in the grey market, which is Rs 3 or 2.78 per cent higher than the IPO issue price of Rs 108. The 2.78% GMP is marginally higher than the 2.31% premium recorded on Friday but lower than the 3.24 per cent GMP in the morning on Monday.
The GMP was at zero on Thursday, which indicated muted listing or discount listing.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
NTPC Green Energy IPO: How to Check Allotment Status?
The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘NTPC Green Energy Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Kfin Technologies Ltd’s portal — https://ipostatus.kfintech.com/ and check the NTPC Green Energy IPO allotment status.
NTPC Green Energy IPO: More Details
The Rs 10,000-crore IPO is a fully fresh equity issuance with no Offer-for-Sale (OFS) component. The public issue, priced between Rs 102 and Rs 108 per share, will be open for subscription from November 19 to November 22.
NTPC Green Energy mobilised Rs 3,960 crore from anchor investors a day before the IPO.
The company plans to allocate Rs 7,500 crore from the proceeds to repay or prepay loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), with the remaining funds earmarked for general corporate purposes.
NTPC Green Energy, a ‘Maharatna’ central public sector enterprise, boasts a renewable energy portfolio that includes solar and wind power assets.
The IPO is being managed by IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Services (formerly IIFL Securities), and Nuvama Wealth Management as book-running lead managers.