NTPC Green Energy IPO Subscription Details on Day 3

22 Nov 2024 , 12:27 PM

NTPC Green Energy has opened its IPO for subscription from November 19, closes today, on November 22, 2024. This IPO is a pure fresh equity issue, priced between ₹102 to ₹108 per share, and does not include an Offer-for-Sale (OFS) component.

At the time of writing on Day 3, NTPC Green Energy IPO was subscribed 1.13 times with interest from various categories of investors. In terms of the retail investor category, it is oversubscribed at 2.80 times. Qualified Institutional Buyers (QIBs) subscribed to 0.94 times of their allotment whereas Non-Institutional Investors (NIIs) subscribed to 0.45 times of their share. 

NTPC Green Energy’s ₹10,000 crore IPO is all equity-only issue without any OFS component. The company is a central public sector enterprise with ‘Maharatna’ status that is into renewable energy projects like solar and wind across six states.

The NTPC Green Energy IPO has very aptly managed to capture its aspirational intent of further strengthening its renewable energy footprint and investing investor confidence in sustainable power solutions.