Mon Nov 25 21:56:41 UTC 2024: ## NTPC Green Energy IPO Allotment Imminent; Listing Expected at 3% Premium

**Mumbai, India** – Investors eagerly await the allotment and subsequent listing of the NTPC Green Energy Limited Initial Public Offering (IPO), which was oversubscribed by 2.4 times. The IPO, entirely a fresh issue of equity shares with no offer for sale (OFS), concluded its subscription period with bids for 142,65,07,242 shares against 59,31,67,575 shares on offer, amounting to a total of ₹10,000 crore.

The IPO price band was ₹102-₹108 per share. According to Investorgain.com, based on the upper price band, the grey market premium of ₹3.5 suggests a potential listing price of ₹111.5, indicating a roughly 3% premium. Retail Individual Investors (RIIs) showed strong interest, with a 3.39 times subscription rate. Qualified Institutional Buyers (QIBs) subscribed 3.32 times, while Non-Institutional Investors subscribed at 81%. NTPC Green Energy also secured ₹3,960 crore from anchor investors.

The ₹7,500 crore raised from the IPO will be used to partially or fully repay or prepay outstanding debt of its subsidiary, NTPC Renewable Energy Limited (NREL), and for general corporate purposes.

NTPC Green Energy, a ‘Maharatna’ Central Public Sector Enterprise, boasts a robust renewable energy portfolio, including solar and wind energy assets. IDBI Capital Market Services Limited, HDFC Bank Limited, IIFL Securities Limited, and Nuvama Wealth Management Limited acted as book running lead managers for the IPO, with Kfin Technologies Limited serving as the registrar. The listing is expected on November 27th.

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