NTPC Green IPO Subscription Status on Day 2

NTPC Green Energy IPO witnessed increased interest from various investors, especially retail on Day 2. It is a book-built issue of ₹10,000.00 crore, which is entirely a fresh issue of 92.59 crore shares. NTPC Green Energy IPO allotment is expected to be finalised on November 25, 2024. NTPC Green Energy IPO price band has been set at ₹102 to ₹108 per share, investors can subscribe to a minimum of 1 lot of 138 shares.

As of November 21, 2024, at 11:48 AM, NTPC Green Energy IPO subscribed 0.49 times. The public issue subscribed 1.97 times in the retail category, 0.00 times in QIB, and 0.25 times in the NII category.

NTPC Green Energy IPO raised ₹3,960.00 crore from anchor investors on the Anchor bid date of November 18, 2024.

NTPC Green Energy IPO Objectives

NTPC Green Energy has decided to utilise the Net Proceeds towards funding the following objects

• Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL
• General corporate purpose.

About NTPC Green Energy Limited

NTPC Green Energy Ltd. (NGEL) is a wholly owned subsidiary of NTPC Limited, a ‘Maharatna’ central public sector enterprise. The company is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 30, 2024 and power generation in Fiscal 2024. The company’s renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in more than six states which helps mitigate the risk of location-specific generation variability.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.