NTPC Green Energy IPO LIVE Updates: NTPC Green Energy, the clean energy arm of NTPC, launches its initial public offering for public subscription today (Tuesday, November 19). Prior to the IPO, NTPC Green Energy has secured ₹3,960 crore from anchor investors.
The government-owned NTPC Green Energy IPO was subscribed 33% on the first day. The subscription was led by the retail investors booking 1.33 times the shares offered.
The Non-Institutional Investors (NII) portion was subscribed 16% of the shares on offer, while the qualified institutional buyers (QIBs) portion received no bids on the first day.
The initial share sale, valued at ₹10,000 crore, consists solely of new equity shares, with no portion allocated for an offer-for-sale (OFS). The public can subscribe to the issue, which has a price range set between ₹102 and ₹108 per share, from November 19 to November 22. Of the proceeds from the IPO, amounting to ₹7,500 crore, a significant portion will be directed towards repaying or prepaying some or all outstanding loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), while a part will also be set aside for general corporate needs.