NTPC Green Energy IPO Allotment date: The allotment of NTPC Green Energy IPO will be finalized on Monday (25 November). The bidders who have applied for the issue will get shares allotted in their demat accounts on Tuesday (26 November). At the same time, investors who did not get a share allotment will get a refund on the day.

Investors who have bid for NTPC Green Energy IPO can check their share allotment status online on the KFin Technologies website. Apart from this, you can also check the share allotment status on the official websites of BSE and NSE.

How much was the IPO subscribed?

According to data from the Bombay Stock Exchange (BSE), NTPC Green Energy's IPO was subscribed 2.42 times on the last day of bidding. The share of retail investors was subscribed 3.44 times. This was followed by qualified institutional investors (QIBs) which were subscribed more than 3.3 times. At the same time, the share of non-institutional investors (NIIs) was booked 81 percent.

NTPC Green Energy IPO GMP

According to Investorgain.com, the grey market premium (GMP) for the public issue is ₹3.5 per share as of November 24. Considering the upper end of the issue price of ₹108, the IPO may list at Rs 111.5 per share, which represents a gain of 3.24 percent.

The grey market premium (GMP) reflects investors' willingness to pay more for a public issue. Earlier, NTPC Green Energy raised ₹3,960 crore through its anchor investors on Tuesday, November 19.

Use of Funds

The company will use the money raised from the IPO to invest in its wholly-owned subsidiary NTPC Renewable Energy (NREL). Apart from this, this amount will also be used to repay some debt and for general corporate expenses.

Manager and Registrar of IPO

The registrar for the issue is KFin Technologies. While IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are its book-running lead managers.

This IPO is being seen as a strong opportunity for investors for long-term investment.