IPO Allotment is LIVE NOW: Everyone is talking about the NTPC Green Energy IPO since India’s on all-out renewable energy. In case you have jumped the ring for this IPO, then you are likely feeling very anxious to know about the allotment status, the latest grey market premium, or when it is actually going to list. Let’s break it down and dive right in!
So, NTPC Green Energy, one of the biggest public companies in India just dropped out its IPO allotment status today, November 25, 2024. Latest GMP for NTPC Green Energy is currently at ₹4, and investors are quite excited about it. The shares will be listed on November 27, 2024. It is listed both on NSE and BSE.
Stay tuned for updates as NTPC Green Energy prepares for its market debut!
About NTPC Green Energy
NTPC Green Energy is a subset of NTPC and focuses solely on renewable energy project investments – including solar, wind, and hybrid energy solutions. Proceeds from the present Issue shall be utilized mainly for:
- Expand its portfolio of renewable energy.
- Pay off outstanding debt.
So, this totally fits with India’s big plan to hit net-zero emissions by 2070. With more and more people wanting sustainable energy, NTPC Green Energy is going to be very vital in this field.
Allotment Status: Where and How to Check ?
Today, November 25, 2024, is the day for getting shares from the NTPC Green Energy IPO. You can check your status quickly and easily. Here’s how you can do it:
- From BSE/NSE:
- Visit the BSE website or NSE website.
- INPUT YOUR PAN OR APPLICATION NO.
- Complete the form to see the status of your allotment.
- Through the Registrar: KFin Technologies
- Go to the KFin Technologies website.
- Use the IPO allotment link, fill in your details and check your application status.
- On Broker Platforms:
- Most of the platforms available such as Zerodha, Upstox, or Groww have allotted status listed on their websites.
Latest GMP and What It Means ?
As of today, the grey market premium (GMP) for NTPC Green Energy shares stands at ₹4. While modest, this indicates some optimism among investors. GMP reflects the extra price investors are willing to pay for IPO shares in the unofficial market. Although not a guarantee of listing performance, it gives a glimpse into market sentiment.
For NTPC Green Energy, the ₹4 GMP suggests possible listing gains, albeit limited. The final impact will depend on overall market conditions and demand during listing.
Listing Date and Details
NTPC Green Energy will reportedly make its debut on the NSE and BSE on November 27, 2024. The basis of issue is of ₹102 to ₹108 per share, so you will have to buy them at a lot size of 138 shares.
So, this public issue is targeting ₹10,000 crore to take NTPC Green Energy on a big scale into India’s whole renewable energy scene. On the listing day, there will be a lot of trading activities, so do watch for market trends and stick with us for quick updates!
WHY investors are so excited?
- Green Energy Growth:
India is rapidly transitioning to renewable energy, making NTPC Green Energy’s business model highly relevant.
- Strong Parent Company:
Backed by NTPC, a government-owned energy giant, the company benefits from robust operational support and credibility.
- Future Prospects:
NTPC Green Energy plans to significantly scale its solar and wind capacities, providing potential for long-term growth.
Risks to Consider
While the IPO shows promise, investors should remain cautious about potential risks:
- Market Volatility: Stock performance may be influenced by broader market trends.
- Execution Risks: Expanding into renewable energy can involve project delays and cost overruns.
- Modest GMP: The grey market premium is not exceptionally high, suggesting limited listing day excitement.
Key Takeaways for Investors
The NTPC Green Energy IPO has garnered most attention with more focus on renewable energy and the potential to tap a growing market. Though GMP indicates moderate listing gains, the stock’s long term success would solely depend upon how it scales its operations to leverage the push from India towards green energy. Investors who do not get an allotment can go to the secondary market, though that would be at a premium price. Whether you’re a long-term investor or looking for short-term listing gains, keep an eye on market trends and stay informed.
Good luck with your allotment, and happy investing!
(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)
