A very long awaited IPO NTPC Green Energy is likely to finalize the basis of allotment of its shares on Monday, November 25. Applicant bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate latest by Tuesday, November 26. The PSU renewable energy player saw a muted response from the investors during the three-day bidding.
The IPO of Delhi-based NTPC Green Energy was open for bidding between November 19 and November 22. It had offered its shares in the price band of Rs 102-108 per share with a lot size of 138 shares. The company raised a total of Rs 10,000 crore via IPO, which was entirely a fresh share sale of up to 92,59,25,926 equity shares.
The issue was overall subscribed merely 2.42 times. The allocation for the qualified institutional bidders (QIBs) was subscribed 3.32 times The portion allocated for retail investors was subscribed 3.44 times. Allocations for retail and employees were booked 3.44 times and 0.80 per cent, respectively. However, the portion for non-institutional investors (NIIs) remained undersubscribed with 81 per cent bids.
IDBI Capital, IIFL Securities, HDFC Bank and Nuvama Wealth Management are the book running lead managers of the NTPC Green Energy IPO, while Kfin Technologies is the registrar for the issue. Shares of the company shall be listed at both BSE and NSE on Wednesday, November 27.
Investors, who had bid for the issue of NTPC Green Energy, can check the allotment status on the Bombay Stock Exchange (BSE) website:
1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select NTPC Green Energy Limited in the drop-box
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’ and hit search button
Investors can also check the allotment status on the online portal of KFin Technologies Limited (https://kosmic.kfintech.com/ipostatus), the registrar to the issue.
The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications and carries out the allotment process, as per the prospectus. The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatching and uploading refunds, and attending to all investor-related queries.
1) Go to the web portal of KFin Technologies Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalized
3) You may be required to select either one of the three modes: Application number, Demat Account number, or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Click submit.