NTPC Green Energy IPO Day 3 Live Updates: Key Highlights, Subscription Status, and Insights
NTPC Green Energy IPO will close its subscription today. On the final day of subscription for NTPC Green Energy Limited's ₹10,000 crore IPO (November 22, 2024), the issue has been fully subscribed.
NTPC Green Energy IPO Subscription Status (November 22, 2024, 02:43:10 PM)
NTPC Green Energy IPO subscribed 1.38 times. The public issue subscribed 2.94 times in the retail category, 1.39 times in QIB, and 0.51 times in the NII category by November 22, 2024, 02:43:10 PM.
Let’s examine what the number said at the end of day 2, yesterday.
Subscription status of Day 2
At the end of day 2, the IPO was subscribed 0.93 times, with strong interest from retail investors. The retail portion of the IPO was booked 2.38 times, the NII segment 0.34 times, and the QIB segment 0.75 times.
Companies | Type | Bidding Dates | |
| SME | Closes 26 Nov | ||
| SME | Closes 26 Nov | ||
| Regular | Closes 26 Nov | ||
| SME | Opens 25 Nov | ||
| SME | Opens 26 Nov |
NTPC Green Energy IPO Details
The IPO, priced between ₹102 and ₹108 per share, has been structured as a fresh issuance of equity shares with no offer-for-sale (OFS) component. The proceeds will primarily be used to repay or prepay NTPC Renewable Energy Ltd's debts and fund general corporate purposes.
NTPC Green Energy Overview
NTPC Green Energy is a key player in renewable energy, focusing on solar and wind power projects. From 3,220 MW of solar power and 100 MW of wind power, the company aims to expand it to 19 GW by FY27. The company has received a "subscribe" recommendation from multiple brokerage firms thanks to its long-term potential.