The allotment of shares for the highly anticipated NTPC Green Energy IPO has been finalized, with investors receiving bank debit messages. The IPO was oversubscribed by 2.55 times, with shares set to list on the BSE and NSE on November 27. In the grey market, the stock is currently trading at a Rs 4 premium, with experts predicting further improvements as the Indian stock market sees a rally. Interested investors can easily check the IPO allotment status online using the BSE, NSE, or Kfin Technologies' portals.
The much-awaited IPO of NTPC Green Energy is set to be finalised today, with allotment messages being sent to investors. The grey market premium has seen a slight increase over the weekend, with the stock currently trading at a premium of 2.78%. The listing date is scheduled for November 27 and interested investors can check the official IPO allotment status on various platforms such as BSE, NSE, and Kfin Technologies. Additionally, the allotment status can also be checked easily by following certain steps.
NTPC Green Energy, a subsidiary of NTPC Ltd., will launch its IPO on November 19 with a price band of Rs 102-108 per share. The company will also have a shareholders category, allowing current NTPC shareholders to participate. Analysts are optimistic about the IPO, citing the company's operational capacity, contracted projects, and future development plans. With NTPC targeting 60GW of RE capacity by FY32, investors are advised to buy NTPC shares to increase their chances of IPO allotment.