NTPC Green Energy IPO Subscribed 2.42x on Day 3: GMP, Retail Subscription, Allotment & Listing Updates {update}

By the end of Day 3, the retail category led the pack, subscribing 3.44 times. The Qualified Institutional Buyers (QIB) category wasn’t far behind, recording a 3.32x subscription. However, Non-Institutional Investors (NIIs) showed relatively lower participation, subscribing only 81% of their allotted portion. Shareholders of the parent company, NTPC Limited, also participated, with their reserved quota subscribed 1.58 times.

Total Bids Incresed Beyond Expectations

The IPO received bids for over 142.64 crore shares against the 59.31 crore shares on offer. This high demand reflects growing investor confidence in the renewable energy sector. In the retail segment alone, 29.27 crore shares were bid for, compared to 8.62 crore shares allocated. On the other hand, QIBs placed bids for more than 85.84 crore shares, significantly exceeding their reserved quota of 25.88 crore shares.

The employee quota saw limited participation, with only 78% of their portion subscribed. They bid for 1.61 crore shares, whereas 2.06 crore shares were reserved for them.

Allotment and Refund Dates

If you applied for NTPC Green Energy shares, you can check your allotment status starting Monday, November 25. Refunds for unsuccessful applicants will be processed on Tuesday, November 26. Those who get allotted shares will find them credited to their demat accounts on the same day.

The shares are set to debut on the stock market on Wednesday, November 27. They will be listed on both NSE and BSE, marking an important milestone for NTPC Green Energy.

Steps to Check Allotment Status

There are multiple ways to check your allotment status:

• On NSE Website: Visit the IPO allotment page, log in, and select ‘NTPC Green Energy Limited.’ Enter your PAN details and application number, then click submit.
• On BSE Website: Use your PAN and application number to access the allotment page.
• Through Kfin Technologies: Visit their IPO status page, enter your application or demat details, and hit submit to see your allotment.

NTPC Green Energy: A Promising Renewable Energy Player

NTPC Green Energy Limited, a subsidiary of NTPC Limited, was established in April 2022. It focuses on renewable energy projects through both organic and inorganic strategies. As of June 30, 2024, the company employed 234 staff and 45 contract laborers.

Why This IPO Stands Out

The growing push toward renewable energy makes NTPC Green Energy an attractive option for investors. With backing from NTPC, the company is well-positioned to expand its operations. The robust subscription numbers, especially from retail and QIB segments, underline the strong demand for green energy investments.

Stay tuned for the listing day on November 27 to see how the shares perform. If you’re a long-term investor, this could be an interesting addition to your portfolio.

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