NTPC Green Energy IPO: NTPC Green Energy, a fully-owned subsidiary of NTPC, is a renewable energy company focusing on organic and inorganic growth projects. The IPO, which opened on November 19 and closed on November 22, raised ₹10,000 crore, marking the highest amount raised by a renewable energy firm in 2024. Share allotment will be finalized on November 25.
About NTPC Green Energy
NTPC Green Energy is a leading renewable energy PSU, operating solar and wind power assets with a growing focus on hydroelectric and power storage projects. The company aims to expand its operational capacity:
- 3.3 GW as of September 2024.
- 6 GW by FY25.
- 11 GW by FY26.
- 9 GW by FY27.
Grey Market Premium (GMP)
NTPC Green Energy shares were trading at ₹111.5 in the grey market, a 3.2% premium to the issue price of ₹108. The grey market is an unofficial platform where shares are traded before official listing. GMP is monitored for insights into the stock’s secondary market performance.
How to Check IPO Allotment
Step 1– Open a web browser and search for Kfin Technologies, the platform for checking the allotment status.
Step 2– Visit the Kfin Technologies website. Hover over the ‘Products’ section and select ‘IPO Allotment Status’ under the Investors section.
Step 3 – Provide the necessary details:
- Company name
- Application number/Demat account number/PAN number (any one).
Step 4– Enter the CAPTCHA code and click on the ‘Search’ button. Your allotment status will appear on the screen.
Listing and Refund Details
- Refund Initiation and Share Credit: November 26, 2024.
- Listing on NSE and BSE: November 27, 2024.
The IPO marks a significant milestone in NTPC Green Energy’s journey toward becoming a leader in renewable energy.
