NTPC Green Energy IPO Subscribed 0.19x on First Day of Bidding

The ₹10,000 crore NTPC Green Energy IPO opens for subscription on November 19, 2024 and closes on November 22, 2024. It is entirely a fresh issue of 92.59 crore shares. NTPC Green Energy IPO allotment is expected to be finalised on Monday, November 25, 2024. NTPC Green Energy IPO price band has been set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares. The minimum amount of investment required by retail investors is ₹14,904.

NTPC Green Energy has appointed IDBI Capital Market Services Limited, HDFC Bank Limited, IIFL Securities Ltd and Nuvama Wealth Management Limited as the book-running lead managers, while Kfin Technologies Limited is the registrar for the issue.

On the first day of bidding at 12:15 PM, NTPC Green Energy IPO subscribed 0.19 times. The public issue subscribed 0.80 times in the retail category, 0.00 times in QIB, and 0.07 times in the NII category.

Objects of NTPC Green Energy IPO

The company proposes to utilise the Net Proceeds towards funding the following objects

• Investment in the wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL), for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL
• General corporate purpose.

About NTPC Green Energy Limited

NTPC Green Energy Limited was incorporated in April 2022 as a wholly-owned subsidiary of NTPC Limited. The company is focused on advancing renewable energy projects through both organic and inorganic growth strategies. As of August 31, 2024, NTPC Green Energy has an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects. These projects are spread across six states, contributing to the company’s expanding footprint in the renewable energy sector.

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