Mon Nov 25 18:42:11 UTC 2024: ## NTPC Green Energy IPO Allotment Finalized; Shares to be Credited on November 26th

**Mumbai, November 25, 2024** – The allotment of shares for the highly anticipated NTPC Green Energy IPO has been finalized, according to registrar Kfin Technologies. Refunds for unsuccessful applicants will be processed on November 26th, with successful applicants seeing shares credited to their Demat accounts on the same day. The shares are expected to list on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 27th.

The IPO, which closed on November 22nd, raised ₹10,000 crore through the issuance of 92,59,25,926 shares. The price band was set between ₹102 and ₹108 per share, resulting in a total subscription of 2.55 times. Retail investors showed particularly strong interest, subscribing 3.59 times the allotted shares. While Qualified Institutional Buyers (QIBs) subscribed 3.51 times, Non-Institutional Investors (NIIs) showed less enthusiasm with a subscription of only 0.85 times.

Investors can check their allotment status online via the Kfin Technologies website, as well as the NSE and BSE websites, using their application number, DP Client ID, and PAN number. Contact information for Kfin Technologies is available for those with inquiries.

Despite a grey market premium (GMP) that fluctuated significantly before the IPO, currently hovering around ₹3.50, several brokerage firms have expressed positive sentiment towards the stock. Bernstein has issued an “Outperform” rating with a 12-month price target of ₹440, while SBI Securities recommended a long-term subscription, citing attractive pricing and strong growth potential. Other analysts, however, have expressed concerns about the high valuation, predicting a possible decline after the initial listing.

NTPC Green Energy, a wholly-owned subsidiary of NTPC, is well-positioned to benefit from the growing renewable energy sector. Its strong parentage, diverse portfolio, and efficient operations are key strengths highlighted in various analyst reports. The company’s projected operational capacity is expected to significantly increase in the coming years.

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