Mon Nov 25 19:37:19 UTC 2024: **NTPC Green Energy IPO Allotment to be Finalized on Monday; Listing Wednesday**

MUMBAI, INDIA – November 25, 2024 – NTPC Green Energy Limited is expected to finalize the allotment of shares from its recently concluded initial public offering (IPO) on Monday, November 25th. Successful bidders will receive notifications regarding fund debits or IPO mandate revocations by Tuesday, November 26th.

The IPO, open from November 19th to 22nd, offered shares at ₹102-108 per share, raising ₹10,000 crore through the sale of 92,59,25,926 equity shares. However, the IPO was only subscribed 2.42 times overall, a muted response. While QIBs (Qualified Institutional Bidders) and retail investors showed more interest (3.32 times and 3.44 times subscribed, respectively), the non-institutional investor (NII) portion remained significantly undersubscribed at 81%. Employee subscriptions were a meager 0.80%.

Despite the lukewarm reception, the grey market premium shows a slight improvement, suggesting a possible 3-4% listing gain above the issue price.

Brokerages offered a mostly positive outlook, citing strong parentage, growing renewable energy demand, and positive cash flows. However, concerns remain regarding valuations and potential government policy shifts.

Shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, November 27th. Investors can check their allotment status on the BSE website (https://www.bseindia.com/investors/appli_check.aspx) or the KFin Technologies portal (https://kosmic.kfintech.com/ipostatus). KFin Technologies acted as the registrar for the IPO.

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