NTPC Green Energy IPO: The allotment status of NTPC Green Energy's Rs 10,000 crore IPO has been finalised and investors can review their application on BSE, NSE or Kfin Technologies. The current grey market premium (GMP), however, is suggesting a single-digit 2% listing during the market debut. On Tuesday, November 26, investors will either get the credit of their applied shares in a Demat account or a refund in the bank account if they did not pass the IPO criteria.
NTPC Green Energy IPO GMP Today:
The IPO is scheduled to list on BSE and NSE on Wednesday, November 26, 2024. As per Investor Grain, NTPC Green Energy IPO's last GMP is Rs 2, last updated Nov 26th 2024 07:28 AM. With a price band of 108.00, NTPC Green Energy IPO's estimated listing price is Rs 110 (cap price + today's GMP). The expected percentage gain/loss per share is 1.85%.
But before anticipating gains or losses on listing day, you need to check whether your application has been approved or not! To do so, there are three online methods for reviewing your application for NTPC Green Energy IPO. They are:
Kfin Technologies IPO Allotment Status:
To Check The Application Status Online, You Can Click On Below Mentioned Link Of Kfin Technologies:
Step 1: Once the link opens, select the company name 'NTPC Green Energy Ltd' in the option 'Select IPO'.
Step 2: To view the status of your application, select either of three options: 'Application Number', 'Demat Account', or' PAN.'
Step 3: After entering either of the three options from Application, Demat Account or PAN number, you will be required to enter the captcha code which will be given right beside a small column. Once done, click on SUBMIT.
BSE IPO Allotment Status:
To Check the Application Status On BSE, Click On The Link Below:
Step 1: Here, you will have to select the 'Issue Type' which would be EQUITY.
Step 2: Select 'NTPC Green Energy Ltd' in the 'Issue Name' option.
Step 3: The third process is to add either 'Application No' or 'PAN number'.
Step 4: Finally click on SEARCH to review the status of your bidding in the IPO.
NSE IPO Allotment Status
As per the NSE website, to avail of this facility, the investor has to register one time by providing the PAN details. The user shall be able to view the details of the bids entered against the registered PAN number. However, first, they need to register on NSE. On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.
NSE will also provide Allotment information as provided by the registrar to the issue.
The IPO was an entirely fresh issue worth Rs 10,000 crore and opened on Tuesday, November 19, 2024. Subscription closed on Friday, November 22, 2024. The price band for the Offer was determined at Rs 102 - Rs 108 per equity share. The IPO subscribed 2.42 times on the last day of subscription.
According to the Ashika Research report, NGEL is investing in green hydrogen, green chemicals, and advanced battery storage solutions. Key initiatives include developing a green hydrogen hub at Pudimadaka and finalizing electrolyser partnerships. To support grid stability and renewable integration, it plans to install grid-scale battery storage for firm renewable energy (RTC) projects and stand-alone systems for DISCOMs. It has also launched a pilot battery storage project at an NTPC thermal plant to support flexible operations. Battery Energy Storage Systems (BESS) are identified by CRISIL as a rapidly growing sector due to their high energy density and versatile grid-support functions. According to the CEA, India may require 41.7 GW/208 GWh of BESS and 18.9 GW of pumped hydro storage by FY30.
Further, the brokerage highlighted that NGEL has demonstrated solid revenue growth, supported by a focus on high capacity utilization, operational efficiency, and low costs. Revenue from operations grew at a CAGR of 46.8% from Rs. 910 crore in FY22 to Rs. 1963 crore in FY24. Operating EBITDA increased at a CAGR of 48.2% from Rs. 795 crore in FY22 to Rs. 1747 crore in FY24, while Profit After Tax rose at a CAGR of 90.8% to Rs. 345 crore in FY24. Operating EBITDA margins remained strong at over 86%, with PAT margins ranging from 16.2% to 31.5% over various periods. The company has reduced its net debt-to-equity ratio to 1.91 times as of September 30, 2024, from 4.41 times in March 2022, highlighting improved financial leverage and low borrowing costs.
On the valuation, the brokerage stated that on the higher price band, NGEL demands an EV/EBITDA multiple of 53.2x and a P/BV multiple of 5.0x.
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