The NTPC Green Energy IPO saw robust participation, achieving full subscription on Friday morning, driven by strong interest from retail investors. By the close of bidding on the final day, the ₹10,000-crore IPO was oversubscribed 2.55 times, receiving bids for 1,42,65,50,988 shares against the 56,01,58,217 shares on offer.
The IPO is now closed, and the allotment of shares is expected to be finalized on the evening of Monday, November 25. Investors can check their allotment status on the BSE and NSE websites or through the registrar, Kfin Technologies. Retail investors led the subscription with their segment oversubscribed by 3.59 times. The non-institutional investors (NIIs) and qualified institutional buyers (QIBs) categories were subscribed 0.86 times and 3.51 times, respectively.
On the second day of bidding, the IPO had reached 99% subscription. NTPC Green Energy Ltd (NGEL), a renewable energy subsidiary of state-owned NTPC Ltd., focuses on clean energy projects.
NTPC Green Energy IPO has been subscribed 2.55 times. The public issue subscribed 3.59 times in the retail category, 3.51 times in QIB, and 0.85 times in the NII category by November 22, 2024 (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 3.51 | 244,444,445 | 85,84,49,286 | 9,271.25 |
| Non-Institutional Buyers | 0.85 | 122,222,222 | 10,44,99,258 | 1,128.59 |
| bNII (bids above ₹10L) | 0.60 | 81,481,482 | 4,90,25,052 | 529.47 |
| sNII (bids below ₹10L) | 1.36 | 40,740,741 | 5,54,74,206 | 599.12 |
| Retail Investors | 3.59 | 81,481,481 | 29,27,32,776 | 3,161.51 |
| Employees | 0.83 | 19,417,476 | 1,61,75,946 | 174.70 |
| Others | 1.67 | 92,592,593 | 15,46,50,114 | 1,670.22 |
| Total | 2.55 | 560,158,217 | 1,42,65,07,380 | 15,406.28 |
