NTPC Green Energy IPO Day 2 LIVE Updates: Issue booked 33% so far. Check GMP, subscription status, more.
₹3,960 crore from anchor investors. On its first day, NTPC Green Energy, the clean energy division of NTPC, achieved a subscription rate of 33%, primarily driven by retail investors who subscribed to 1.33 times the available shares.The Non-Institutional Investors (NII) segment accounted for 16% of the shares available for subscription, whereas the qualified institutional buyers (QIBs) segment did not receive any bids on the initial day.
The employee portion was subscribed 17%, while the shareholder portion was booked 57%.The initial public offering, valued at ₹10,000 crore, comprises entirely of new equity shares, with no segment designated for an offer-for-sale (OFS). Investors have the opportunity to subscribe to this offering, which has established a price range of ₹102 to ₹108 per share, from November 19 to November 22.
Out of the total proceeds from the IPO, which amount to ₹7,500 crore, a substantial portion will be allocated to the repayment or prepayment of some or all outstanding loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), while a portion will also be reserved for general corporate purposes.NTPC Green Energy is recognised as a central public sector enterprise with 'Maharatna' status, concentrating on renewable energy through solar and wind power projects across more than six states.Stay tuned for more updates “NTPC Green Energy has deep domain expertise of the management team focusing on new energy solutions like green hydrogen, green chemicals and storage with prudent growth and contributing towards fulfilling India’s net zero goals. We believe with a prudent business model and strong earnings growth with improved financials and return ratios, we recommend a Subscribe to the issue for the long
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