Mon Nov 25 04:37:50 UTC 2024: ## NTPC Green Energy IPO Oversubscribed, Allotment Due November 25th

**Mumbai, India –** The initial public offering (IPO) of NTPC Green Energy Limited (NGEL) has been significantly oversubscribed, closing with a total subscription of 2.42 times. The IPO, which offered 59,31,67,575 shares priced between ₹102 and ₹108, received bids for 1,43,37,30,852 shares.

Retail investors showed strong enthusiasm, oversubscribing their allocated portion by 3.44 times. Qualified Institutional Buyers (QIBs) also exceeded expectations, with a 3.32 times oversubscription. However, Non-Institutional Investors (NIIs) subscribed only 81% of their allotted shares.

The allotment of shares is expected to be finalized on November 25th, 2024, with the shares tentatively listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on November 27th. Investors can check their allotment status on the websites of BSE, NSE, or the registrar, Kfin Technologies, using their application number, PAN card details, or demat account information. Detailed instructions on how to check allotment status on each platform are available online.

NGEL, a subsidiary of NTPC, aims to raise ₹10,000 crore through this fresh issue. The proceeds will primarily be used for investments in NTPC Renewable Energy Limited (NREL), a wholly-owned subsidiary, to repay borrowings, and for general corporate purposes. IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management acted as book-running lead managers for the IPO.

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