NTPC Green Energy IPO – Subscription status on day 1 and 2
NTPC Green Energy IPO Updates for Day 2: The three-day subscription period for the NTPC Green Energy IPO ended on November 22. It began on November 19.
On the first day of NTPC Green Energy’s (NGEL) ₹10,000 crore IPO, the retail part was fully subscribed at 1.33 times, and the IPO was subscribed at 0.33 times.
Subscription status on Day 1: Subscribed by 33% on day 1
With a lot size of 138 shares, NTPC Green Energy Ltd (NGEL), a fully owned subsidiary of NTPC Ltd, maintained the IPO issue price between Rs 102 and Rs 108 per share. The business is selling the public new stocks valued at ₹10,000 crore, or roughly 92.59 crore shares.
On the first day of the NTPC Green Energy IPO, November 19, 2024, it was subscribed 0.33 times, or 33%. The retail portion has been subscribed for 1.33 times, the employee portion 0.17 times, the NII portion 0.16 times, and the shareholder reservation portion 0.57 times. There were no QIB subscriptions.
According to the exchange data filing, the top anchor investors were the Government of Singapore (5.31%), Goldman Sachs India (5.70%), New World Fund (5.29%), and Life Insurance Corporation of India (12.63%). Out of the net issuance proceeds, the company plans to use ₹7,500 crore to pay down the debt owed by its subsidiary, NTPC Renewable Energy. The money will also be used for general corporate reasons and to help the business pay back or prepay outstanding debts.
The IPO will close on November 22, 2024.
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