Tue Nov 26 11:23:40 UTC 2024: ## NTPC Green Energy IPO Allotment Finalized, Shares to List Wednesday

**Mumbai, India** – Allotment for the NTPC Green Energy initial public offering (IPO) has been completed, with investors receiving bank debit messages and online confirmation available through the BSE, NSE, and Kfin Technologies websites. The IPO, which closed on November 22nd, was oversubscribed 2.55 times, receiving bids for 142,65,50,988 shares against the 56,01,58,217 shares offered. The ₹10,000 crore IPO, priced between ₹102 and ₹108 per share, saw strong interest despite a period of market uncertainty.

Shares are expected to list on the stock exchanges on Wednesday, November 27th. The grey market premium (GMP) for the shares has recently risen to ₹4, reflecting a more positive investor sentiment following a recent market rebound.

The IPO consisted entirely of fresh equity issuance, with ₹3,960 crore already raised from anchor investors prior to the public offering. NTPC Green Energy plans to use ₹7,500 crore of the proceeds to repay loans for its subsidiary, NTPC Renewable Energy Ltd, with remaining funds allocated for general corporate purposes. The company boasts a significant portfolio of solar and wind power assets. IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Services, and Nuvama Wealth Management acted as book-running lead managers for the IPO.

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