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PremiumNTPC Green Energy IPO LIVE Updates: NTPC Green Energy, the clean energy arm of NTPC, launches its initial public offering for public subscription today (Tuesday, November 19). Prior to the IPO, NTPC Green Energy has secured ₹3,960 crore from anchor investors.
The government-owned NTPC Green Energy IPO was subscribed 33% on the first day. The subscription was led by the retail investors booking 1.33 times the shares offered.
The Non-Institutional Investors (NII) portion was subscribed 16% of the shares on offer, while the qualified institutional buyers (QIBs) portion received no bids on the first day.
The initial share sale, valued at ₹10,000 crore, consists solely of new equity shares, with no portion allocated for an offer-for-sale (OFS). The public can subscribe to the issue, which has a price range set between ₹102 and ₹108 per share, from November 19 to November 22. Of the proceeds from the IPO, amounting to ₹7,500 crore, a significant portion will be directed towards repaying or prepaying some or all outstanding loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), while a part will also be set aside for general corporate needs.
NTPC Green Energy is a central public sector enterprise designated as 'Maharatna', focusing on renewable energy with solar and wind power installations across more than six states.
The NTPC group has set a goal to achieve 60 GW of renewable energy capacity by 2032. At present, it has 3.5 GW of capacity already installed, with an additional over 28 GW currently in development.
Stay tuned for more updates
