NTPC Green Energy’s IPO has seen strong demand, with a subscription rate of 48% by November 21. Bids for 28.3 crore shares were received, compared to the 59.3 crore shares on offer. Retail investors have shown significant interest, subscribing to 2 times their allocated 8.6 crore shares.
Meanwhile, Non-Institutional Investors (NIIs) have subscribed to 24% of their share allocation. This amounts to over 3 crore shares out of the 12.9 crore shares on offer. However, Qualified Institutional Buyers (QIBs) have shown minimal participation, with only 3.3 lakh shares subscribed out of the 25.9 crore shares available. The employee category saw nearly 2 times the expected subscription.
The IPO aims to raise Rs 10,000 crore and offers 92.6 crore shares. The price band is set between Rs 102–108 per share. The funds raised will primarily be used for investments in NTPC Renewable Energy, debt repayment, and general corporate purposes.
Key Highlights:
- IPO Subscription Rate (Day 2): 48%
- Retail Investors Subscription: 2x the allotted shares
- Non-Institutional Investors (NIIs): Subscribed 24% of the allotted shares
- Qualified Institutional Buyers (QIBs): Minimal participation
- Employee Category Subscription: Nearly 2x
Ahead of the IPO, NTPC Green Energy raised Rs 3,960 crore through its anchor book. Prominent global investors, such as Goldman Sachs and Abu Dhabi Investment Authority, were among the contributors. The IPO proceeds will support NTPC Green Energy’s renewable energy expansion and help pay down existing debt.
Stay informed on the latest IPO updates and investment opportunities.
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