The ₹10,000 crore NTPC Green Energy IPO closed on November 22, 2024, with an overall subscription of 2.55x. Retail investors showed strong interest, subscribing 3.59x, while QIB and NII categories subscribed 3.51x and 0.85x, respectively.
The allotment status will be announced on November 25, 2024, and investors can check it online through KFin Technologies, NSE, or BSE platforms. Shares are scheduled to be listed on November 27, 2024.
The price range was ₹102–₹108, involving fresh equity without an OFS. Proceeds will repay NTPC Renewable Energy’s debt and fund corporate needs.
A renewable energy leader, NTPC Green Energy plans to expand its solar and wind capacity to 19 GW by FY27, gaining positive brokerage recommendations for its growth prospects.