Mon Nov 25 08:15:45 UTC 2024: ## NTPC Green Energy IPO Closes Undersubscribed

**Mumbai, [Date]** – The Initial Public Offering (IPO) of NTPC Green Energy Limited closed today, having received less than the expected subscription. The IPO, aiming to raise ₹10,000 crore, was subscribed only 0.99 times overall across the two trading days. While the retail portion was oversubscribed 2.53 times, the Qualified Institutional Buyers (QIB) segment saw a subscription rate of only 0.79 times, and the Non-Institutional Investors (NII) segment a mere 0.36 times.

The company is offering 925,925,926 new shares priced between ₹102 and ₹108 per share. Retail investors could bid for a minimum of one lot (138 shares) requiring an investment of ₹14,904 at the upper price band, and a maximum of 13 lots (1794 shares), costing ₹193,752. The IPO allocated 75% of shares for QIBs, 10% for retail investors, and 15% for NIIs.

NTPC Green Energy plans to utilize ₹7,500 crore of the IPO proceeds to repay debt incurred by its subsidiary, NTPC Renewable Energy Limited (NREL). The remaining funds will be used for general corporate purposes. NREL had accumulated debt of ₹16,235 crore as of July 2024.

The company’s shares are set to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 27th. NTPC Green Energy develops utility-scale renewable energy projects. The parent company, NTPC (formerly National Thermal Power Corporation), is India’s largest integrated power company with an installed capacity exceeding 76 GW.

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