NTPC Green Energy IPO Listing Tomorrow: Allotment Status, GMP, and How to Check Online - All You Need To Know
NTPC Green Energy IPO:NTPC Green Energy IPO shares will be listed on BSE and NSE on November 27, 2024. Investors can check their allotment status online on the BSE and Kfin Technologies portals. The stock is currently trading at a Rs 4 GMP, signaling positive market sentiment.
NTPC Green Energy IPO: The NTPC Green Energy IPO is all set to be listed on November 27, 2024, marking a significant event for investors who subscribed to the offering. The IPO was open for public subscription from November 19 to November 22 and saw overwhelming interest from investors. With shares of NTPC Green Energy expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), here’s everything investors need to know about the IPO allotment status, grey market premium (GMP), and how to check the IPO status online.
IPO Allotment Status and How to Check Online
As of today, the allotment for the NTPC Green Energy IPO has been finalized, and many investors have started receiving bank debit messages. If you’ve subscribed to the IPO, you can check your allotment status easily online on the BSE and NSE websites or the Kfin Technologies portal.
To check the IPO allotment status, follow these steps:
On BSE Website:
- Visit the official BSE IPO allotment page: BSE IPO Allotment Status
- Select "Equity" under the "Issue Type" dropdown.
- Choose "NTPC Green Energy Ltd" from the "Issue Name" dropdown.
- Enter your application number or PAN card number.
- Click on the "I am not a robot" checkbox and then click "Search."
On Kfin Technologies Portal:
- Go to Kfin IPO Status Page.
- Select "NTPC Green Energy IPO."
- Enter your details (Application Number or PAN).
- Click "Submit" to check your allotment status.
By following these simple steps, you can find out if you have received an allotment for the NTPC Green Energy IPO. If you haven’t been allotted shares, your application amount will be refunded shortly.
NTPC Green Energy IPO: Key Details and Subscription Overview
The NTPC Green Energy IPO raised substantial investor interest, with bids totalling 142.65 crore shares against the 56.01 crore shares on offer. This indicates a subscription rate of 2.55 times, reflecting a positive market sentiment surrounding the IPO. The price band for the NTPC Green Energy IPO was set between Rs 102 and Rs 108 per share, and it is now expected to list at a premium to the issue price.
This IPO is a fresh equity issuance, with no Offer-for-Sale (OFS) component. NTPC Green Energy aims to use the funds raised through this IPO to strengthen its position in the renewable energy sector, specifically to repay loans of its subsidiary, NTPC Renewable Energy Ltd (NREL). The company plans to use Rs 7,500 crore to prepay loans, and the remaining funds will be utilized for general corporate purposes.
NTPC Green Energy Grey Market Premium (GMP)
After a brief period of flat trading in the grey market, NTPC Green Energy shares have regained traction and are currently trading at a premium. As of today, the GMP for NTPC Green Energy shares stands at Rs 4, up from the Rs 2 premium observed over the weekend.
The rise in GMP is being attributed to the reversal in sentiment in the Indian stock market, where frontline indices have seen a recovery in recent sessions. This market optimism is likely driving demand in the grey market for NTPC Green Energy shares. As market observers note, the grey market sentiment can fluctuate based on broader market trends. If the stock market continues its upward momentum, NTPC Green Energy shares could see further improvement in GMP in the coming days.
The GMP indicates how much investors are willing to pay above the issue price for shares before they are listed on the stock exchange. The premium, which currently stands at Rs 4, is an encouraging sign for investors who have subscribed to the IPO.
Shares Listing on BSE and NSE: What to Expect
The NTPC Green Energy IPO will be listed on both BSE and NSE on November 27. Investors who have been allotted shares can expect to see them credited to their Demat accounts on this date. For those who missed out on the allotment, the stock will be available for trading in the secondary market once it is listed.
As the listing date approaches, market watchers will be keenly observing the stock’s debut. Given the positive subscription response and the growing interest in renewable energy stocks, NTPC Green Energy shares are expected to see a favorable listing on both exchanges. Investors will be keeping an eye on the opening price and the first-day performance, which could indicate future trends for the stock.
Swiggy IPO to List Alongside NTPC Green Energy
Alongside NTPC Green Energy, Swiggy’s shares are also scheduled for listing on November 27. The food delivery giant’s IPO was met with a positive response from investors, and it will be interesting to see how both IPOs perform on the listing day. As market experts suggest, the combined listing of these high-profile IPOs could bring increased attention to the stock market and lead to a more active trading session.