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3 min read | Updated on November 25, 2024, 12:52 IST
SUMMARY
NTPC Green Energy IPO allotment: As the subscription window has closed, the focus is now on the allotment status. Investors who applied for the NTPC Green IPO can check on the websites of KFin Technologies, BSE, and NSE to see if the allotment has been finalised.
The ₹10,000-crore NTPC Green Energy IPO was overall subscribed 2.40 times.
NTPC Green Energy IPO allotment status: The allotment of NTPC Green Energy, the renewable energy unit of NTPC, is expected to be finalised on Monday, November 25, 2024. The company's initial public offering (IPO) was subscribed 2.40 times. The initial share sale was open from November 19 to November 22.
The ₹10,000-crore issue got bids for 1,42,65,07,242 equity shares against 59,31,67,575 shares on offer, leading to 2.40 times subscription.
Investors can also check if the allotment has been finalised on the BSE website.
Shares of NTPC Green Energy will be listed on the National Stock Exchange (NSE) and the BSE on Wednesday, November 27.
The IPO, with a price range of ₹102-₹108 per share, was entirely a fresh issuance of shares without an offer-for-sale (OFS) component.
The money raised will be used to the tune of ₹7,500 crore to pay an outstanding loan and serve general corporate purposes.
Particulars | FY22 | FY23 | FY24 | Q1 FY25 |
---|---|---|---|---|
Revenue | ₹910 crore | ₹1,449 crore | ₹1,962 crore | ₹578 crore |
Net Profit | ₹94.7 crore | ₹456 crore | ₹344 crore | ₹138 crore |
NTPC Green Energy is NTPC's subsidiary, and it has a renewable energy portfolio, including wind and solar power assets.
HDFC Bank, IDBI Capital Markets & Securities, Nuvama Wealth Management and IIFL Capital Services are the issue's book-running lead managers.
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