Mon Nov 25 12:27:01 UTC 2024: ## NTPC Green Energy IPO Allotment Today; Grey Market Hints at Strong Listing Gains

**Mumbai, India** – Investors who participated in the ₹10,000 crore initial public offering (IPO) of NTPC Green Energy, the green energy arm of power giant NTPC, will learn their allotment status today. The IPO, the third-largest in India this year after Hyundai Motor and Swiggy, received a mixed response, with even the employee reservation portion not fully subscribed.

While the overall subscription level reached 2.55 times, the Qualified Institutional Buyers (QIB) portion was oversubscribed 3.51 times, the Non-Institutional Investors (NII) portion at 0.85 times, retail investors at 3.59 times, employees at a meager 0.83 times, and share holders at 1.67 times.

Allotment details can be checked on the BSE website (bseindia.com/investors/appli_check.aspx) or the registrar KFin Tech’s website (ris.kfintech.com/ipostatus/).

The grey market premium (GMP) currently stands at ₹3.50, suggesting a potential listing gain of over 3%. However, market experts caution that actual listing performance will depend on the company’s fundamentals and overall market conditions on the listing day (June 18th, BSE and NSE).

NTPC Green Energy, which aims to achieve a renewable energy capacity of 60 gigawatts by FY2032, currently boasts an installed capacity of 3.5 gigawatts and over 28 gigawatts under development. The company reported strong financial results for FY2024, with net profit surging to ₹344.72 crore and revenue reaching ₹2,037.66 crore. CEO Mohit Bhargav cited the need for increased equity capital as the primary reason for the IPO. The funds raised will be used for investments in its subsidiary, NTPC Renewable Energy Limited, and general corporate purposes.

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