NTPC Green Energy IPO Allotment On This Day; How To Check Status Online? Latest GMP Signals Premium Listing

NTPC Green Energy IPO: The Rs 10,000 crore IPO's shares allotment is expected on Monday, November 25. Investors who have applied for the IPO can check the status of their application through an online mode such as BSE, NSE and registrar Kfin Technologies. The latest grey market premium (GMP) of NTPC Green Energy signals a premium listing.

NTPC Green Energy IPO Allotment Status:

The IPO allotment status will be held on Monday, November 25. There are three options to review the eligibility of your application. These are:

Kfin Technologies IPO Allotment Status:

To Check The Application Status Online, You Can Click On Below Mentioned Link Of Kfin Technologies:

https://kosmic.kfintech.com/ipostatus/

Step 1: Once the link opens, select the company name 'NTPC Green Energy Ltd' in the option 'Select IPO'.

Step 2: To view the status of your application, select either of three options: 'Application Number', 'Demat Account', or' PAN.'

Step 3: After entering either of the three options from Application, Demat Account or PAN number, you will be required to enter the captcha code which will be given right beside a small column. Once done, click on SUBMIT.

To Check the Application Status On BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

Step 1: Here, you will have to select the 'Issue Type' which would be EQUITY.

Step 2: Then select 'NTPC Green Energy Ltd' in the 'Issue Name' option.

Step 3: The third process is to add either 'Application No' or 'PAN number'.

Step 4: Finally click on SEARCH to review the status of your bidding in the IPO.

NTPC Green Energy IPO GMP Today:

As per Investor Grain, NTPC Green Energy IPO's last GMP is ₹3.50, last updated Nov 24th 2024 06:54 AM. With a price band of 108.00, NTPC Green Energy IPO's estimated listing price is ₹111.5 (cap price + today's GMP). The expected percentage gain/loss per share is 3.24%.

NTPC Green Energy IPO Subscription Status:

On the third day of the bidding, the IPO was subscribed 2.42 times, with strong bidding by retail, institutional and NTPC shareholders. The portion reserved for retail individual investors (RII) and qualified institutional buyers (QIB) subscribed by 3.44 times and 3.32 times respectively. However, a portion of non-institutional investors (NIIs) did not fully subscribe and about 81% of the reserved shares saw bidding.

NTPC Green Energy IPO Listing Date:

Once the allotment of shares is finalised, investors will either receive the shares to their demat account or refunds by the end of November 26. Following this, the listing will take place on Wednesday, November 27, 2024.

NTPC Green Energy IPO Details:

The IPO was an entirely fresh issue worth Rs 10,000 crore and opened on Tuesday, November 19, 2024. Subscription closed on Friday, November 22, 2024. The price band for the Offer was determined at Rs 102 - Rs 108 per equity share.

Before the IPO, NTPC Green Energy allocated 36,66,66,666 equity shares at Rs 108 per share on Monday, November 18, 2024, to its anchor investors. The company raised about Rs 3,960 crore from these investors.

Since the IPO is an entirely fresh issue, NTPC Green Energy will utilise the entire proceeds from the offer. Of the total Rs 10,000 crore size, NTPC Green Energy plans to utilize about Rs 7,500 crore for investment in its wholly owned subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL. The rest of the proceeds could be used for general corporate purposes or other development.

According to Anand Rathi's IPO note, On valuation parse at the upper price band ₹ 108/-, the issue is asking for a Market Cap of ₹ 910000 Mn and based on FY 2025e annualized earnings and fully diluted post IPO paid-up capital, the company is asking for a PB of 4.96x and PE of 259.56x which appears aggressively priced. But considering its current established capacities and future expanded capacities, this is a pure long-term story.

The brokerage's note further revealed that the company is well placed to capture the tailwind from capacity addition in renewables owing to its strong parentage (NTPC), low operating costs along diversified capacity portfolio and access to lower cost of capital.

NTPC Green Energy is one of the leading renewable power generating PSU having solar and wind power generation assets alongside 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, 11, and 9 GW by FY25, FY26E, FY27E respectively from 3.3 GW as of Sep'24.