NTPC Green Energy IPO has raised the excitement of investors as retail investors have started to understand the intricacies of the market, and stand in anticipation of results and the grey market premium (GMP) relief. This tutorial will assist you in comprehending the allotment process, provide listing highlights, and present a few experts’ opinions on the potential of this IPO for long-term investing.
NTPC Green Energy IPO Allotment: How To Check The Status
The NTPC Green Energy IPO allotment date is scheduled for November 25 of the year 2024. The link helps validated their application by several clicks where applicable : investors that applied for this IPO can access or relevant portions of the shares included and through the specific platform for the Investors : Bombay Stock Exchange (BSE):
Firstly, visit the site of the Bombay stock exchange.
Secondly, choose the option which states ‘IPO’ on the provided list.
Thirdly, provide your application number alongside your PAN card details.
Fourthly, fill in the relevant CAPTCHA identification followed by searching for your applied shares.
Last but not least, confirm whether the required shares have been allotted with the required funds.
Registrar Website (KFin Technologies):
Access the official website of the registrar of KFin Technologies.
Using the drop down menu select the name of the IPO you wish to know about.
Fill the needed section with your application number, Demat account, or PAN card number.
After this, fill in the locked security identification and submit your purpose.
Simply, check the features that reflects the position of your specific allotment. If the allotment is done accordingly, it means the shares will be transferred to your Demat account. In instances where the shares are not allocated, it would mean the funds which were set aside for the application would be refunded within a very short time period enabling ease of the procedure.
NTPC Green Energy IPO details
Price Band: ₹102 to ₹108.
Lot Size: 138 shares.
Investment Range: The minimum is ₹904 for 1 lot, however, a retail individual is permitted to apply for a maximum of 13 lots which total approximately ₹1,93,752.
Reserved Categories
10% were retail buyers
15% were for Non Institutional Investor (NIIs)
75% were for Institutional Buyers (QIBs)
Subscription and the Market Response
The IPO notably attracted strong appetite from the investors evidenced by 2.4 times oversubscription:
RI’s portion: In all, the offer was subscribed 3.44 times which was commendable particularly when GMP kept oscillating.
The QIB’s portion was subscribed 3.33 times which again proved high range of institutional interest.
The NII Rupay gained 81% of respiration, which was fair.
Grey Market Premium and expectations on the Listing Day
NTPC Green Energy the GMP which was raging from zero and dropped to as low as 0.80 has shown recent increase which now stands at five something, yes investors are looking for optimism, however Its listing day is set to be on a November 27, 2024 and shares are set to debut at 111 which is slightly above the ipos price of 110.96 which we look forward to, at opening.
The IPO’s later jump in a premium made, however this appeares to have remove of distress of being muted on listing.
NTPC Green Energy – Some Expert Views
As a consequence of successful precedents, analysts as well as brokerage houses are quite optimistic regarding NTPC Green Energy sustainability for a very long time. The following are the highlights of the report:
Geostrategic Relevance:
With the growing demand for energy efficient sources, India happens to be the 3rd largest energy consumer in the world.
The country seeks net zero carbon emissions by the year 2070 which would increase the potential of green energy firms in the country.
Sector Overview:
In the past five years, most renewable energy companies have become very valuable and therefore this sector has been one of the best to invest in.
NTPC Green Energy’s Fair Value Estimate:
The company’s valuation is justified by its stricture taking into consideration its long term potential, even though a P/E ratio of 263 is high relative to its peers.
NTPC Green Energy will capture the imagination of many investors in light of India’s thrust to the use of clean energy.
Recommendation: Buy, Hold, or Sell?
These studies made by different agencies are in consensus that holding the shares for a long span of time would have benefit to the shareholder. In the same period where the forecasts for short term gains are muted, long term outlook for the renewables space remains very bright. Estimates suggest a possible 17% upside with a target of ₹440 based on the current market outlook.
Conclusion
The Green Energy IPO of NTPC proves to be an opportunity for investors interested in the renewable energy sector. Although the listing gain might be on the lower side, the expected growth makes it a good investment to undertake. Use of the infrastructure which enables the small and large investors to get the allotment results and track how the market moves requires regular engagement.
To invest, do seek a financial professional or do your prior research in order to ensure that your investment matches your targets or financial goals.