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NTPC Green Energy IPO Subscription Status:  The initial public offering of NTPC Green Energy Ltd, the renewable energy arm of NTPC, closed at 4:50 pm on Friday. The IPO attracted over 200% on As per NSE data till 4:54 pm, the NTPC Green IPO was subscribed 2.40 times or 240 per cent. The portion for retail individual investors (RIIs) was subscribed 3.38 times or 338 per cent, while, the quota reserved for qualified institutional buyers (QIBs) got 3.32 times or 332 per cent bidding, meanwhile, the portion for non-institutional investors did not full subscription, it was subscribed 0.81 times or 81% per cent. Till the mentioned time, the Rs 10,000 crore share sale received bids for1,42,46,53,902 shares while there were 59,31,67,575 shares on offer.

GMP Of NTPC Green 

The grey market premium for the NTPC Green Energy IPO has been steady on the third day of bidding as well. The GMP is not projecting any anticipation of a blockbuster listing so far, as NTPC Green shares are being traded at a Rs 0.30 premium in the grey market, according to investorgain.com. The shares of NTPC Greens are valued at Rs 108., up 0.28 per cent or 0.30 rupees against the IPO price of Rs 108.

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NTPC Green Energy IPO Details

NTPC Green Energy has raised Rs 3,960 crore from anchor investors. The initial share sale is entirely a fresh issue of equity shares, with no offer-for-sale (OFS) component. The price band for the issue is Rs 102-108 per share.

The Rs 7,500 crore proceeds from the IPO will be used for partial or full payment or prepayment of outstanding debts of its subsidiary NTPC Renewable Energy Limited (NREL) and a part will be used for general corporate purposes.

NTPC Green Energy is a 'Maharatna' Central Public Sector Enterprise having a renewable energy portfolio including solar and wind power assets.

IDBI Capital Markets & Securities, HDFC Bank, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Nuvama Wealth Management are the book-running lead managers to the issue.

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