NTPC Green Energy IPO subscribed 33% on Day 1 of offer; retail portion oversubscribed

NTPC Green Energy Ltd's IPO received bids for a third of the shares on its first day, with the retail portion oversubscribed. The company aims to raise Rs 10,000 crore to repay debt and fund growth. It plans to expand its renewable energy capacity significantly in the coming years, including pumped hydro projects.

Nov 19, 2024 - 23:30

NTPC Green Energy IPO subscribed 33% on Day 1 of offer; retail portion oversubscribed

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NTPC Green Energy Ltd's IPO received bids for a third of the shares on its first day, with the retail portion oversubscribed. The company aims to raise Rs 10,000 crore to repay debt and fund growth. It plans to expand its renewable energy capacity significantly in the coming years, including pumped hydro projects.