NTPC Green IPO subscribed 93% on second day of offer

NTPC Green's IPO, priced at Rs 102-108 per share, saw a 93% subscription on its second day. Retail investors showed strong interest with 2.38 times subscription, while QIBs reached 75%. The company aims to raise Rs 10,000 crore to primarily repay loans of its subsidiary, NTPC Renewable Energy Ltd.

Nov 21, 2024 - 22:00

NTPC Green IPO subscribed 93% on second day of offer

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NTPC Green's IPO, priced at Rs 102-108 per share, saw a 93% subscription on its second day. Retail investors showed strong interest with 2.38 times subscription, while QIBs reached 75%. The company aims to raise Rs 10,000 crore to primarily repay loans of its subsidiary, NTPC Renewable Energy Ltd.