Mon Nov 25 20:21:00 UTC 2024: ## NTPC Green Energy IPO Oversubscribed, Listing Set for November 27th

**Mumbai, November 23, 2024** – The ₹10,000 crore initial public offering (IPO) of NTPC Green Energy concluded on November 22nd, exceeding expectations with a 2.55 times overall subscription. Strong retail investor interest drove a 3.59 times oversubscription in that category. While Qualified Institutional Buyers (QIBs) also showed significant interest with a 3.51 times subscription, Non-Institutional Investors (NIIs) subscribed at a more modest 0.85 times.

The IPO, which offered shares in a price band of ₹102-₹108, involved only fresh equity issuance, with no offer for sale (OFS). Funds raised will be used to repay NTPC Renewable Energy’s debt and for general corporate purposes.

The allotment status will be announced on November 25th and can be checked on the websites of KFin Technologies, the National Stock Exchange (NSE), and the Bombay Stock Exchange (BSE). Shares are scheduled to be listed on November 27th.

NTPC Green Energy, a leading renewable energy company, aims to expand its solar and wind capacity to a substantial 19 gigawatts (GW) by fiscal year 2027. The company has received positive brokerage recommendations, reflecting confidence in its future growth.

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