NTPC Green Energy, a wholly-owned subsidiary of NTPC, is a renewable energy company that focuses on undertaking projects through organic and inorganic routes. The IPO was opened on November 19 and closed on November 22. The company raised Rs 10,000 crore, the highest a renewable energy company raised in 2024. The allotment of the shares will be finalised on November 25.
Here’s how you can check the allotment:
Step 1
Open any web browser and search Kfin Technologies. This is where you can check the allotment status of NTPC Green Energy IPO.
Step 2
Open the website of Kfin Technologies and hover on the ‘Products’. Now, in the drop-down menu go to the investors section and click on the IPO allotment status or click on Kfin Technologies.
Step 3
Fill in all your details – the company’s name, Application number/ Demat account/ or PAN number (any of the three).
Step 4
Enter the captcha and hit the search button. After that, a screen will pop up with the status.
Listing and refund
The listing of NTPC Green Energy IPO on the bourses – NSE and BSE – is expected to be on November 27. The refunds will be initiated on November 26 and shares will also be credited on the same date.
GMP
The company shares were trading at Rs 111.5 or a premium of 3.2% to the issue price of Rs 108 in the grey market. It is an unofficial place to trade shares illegally before listing on the bourses. Market participants keep track of GMP to take cues for the shares that are about to hit the secondary market.
About NTPC Green Energy IPO
NTPC Green Energy is one of the leading renewable power generating PSUs having solar and wind power generation assets alongside an increased focus on hydroelectric assets and power storage plans. It is going to be the leader in the segment with additional activities on hydroelectric projects. The company aims to increase its operational capacity to 6 GW by FY25, 11 GW by FY26, and 9 GW by FY27 from 3.3 GW as of September 2024.
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