Mon Nov 25 11:13:19 UTC 2024: ## NTPC Green Energy IPO Oversubscribed, Allotment Expected November 25th

**Mumbai, India (November 25, 2023)** – The initial public offering (IPO) of NTPC Green Energy Ltd., the renewable energy arm of NTPC Ltd., concluded Friday with a strong response from investors, exceeding expectations. The IPO was oversubscribed 2.42 times overall, with strong participation across all investor categories.

Retail investors were particularly enthusiastic, subscribing their portion 3.44 times. Qualified Institutional Buyers (QIBs) also showed significant interest, oversubscribing their allotment by 3.32 times. Non-Institutional Investors (NIIs) subscribed 81% of their allocated portion. Employee and existing NTPC Ltd. shareholder quotas were subscribed by 80% and 1.6 times, respectively.

A total of 1,43,37,30,852 shares were applied for, compared to the 59,31,67,575 shares on offer. The IPO, priced between Rs 102 and Rs 108 per share, aimed to raise Rs 10,000 crore through a fresh issue of 92.59 crore shares. The company plans to allocate 75% of the proceeds (Rs 7,500 crore) to debt repayment, with the remaining 25% for general corporate purposes.

Share allotment is expected on November 25th, with listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) scheduled for November 27th. Investors can check their allotment status on the websites of the registrar, Kfin Technologies, NSE, and BSE.

The grey market premium (GMP) currently stands at Rs 3.50, suggesting a potential listing price of Rs 111.5. However, investors are cautioned that GMP is speculative and not an official price indicator.

NTPC Green Energy boasts a substantial renewable energy portfolio of 25.67 gigawatts, including operational, contracted, and planned projects spanning solar and wind power. The company was established in 2022.

**Disclaimer:** Investment in IPOs involves market risks. Consult a financial advisor and thoroughly review the red herring prospectus before investing.

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