The initial public offering of NTPC Green Energy Ltd, the renewable energy arm of NTPC, subscribed 2.42 times on the closing day of the share sale, on Friday.

The renewable-energy arm of state-controlled power company NTPC raised 100 billion rupees in the offering.

The shares of NTPC Green Energy are set to debut on Dalal Street today (November 27). While the IPO garnered strong interest from retail investors, the current grey market premium (GMP) indicates a potentially subdued listing.

The Grey Market Premium of GMP indicates towards a lackluster debut of NTPC Green Energy shares on 27 November. The allotment for the Initial public offering has already been finalised on 26 November 2024.

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The $1.2 billion initial share offering of the renewable-energy arm of top Indian power producer NTPC Ltd. was fully sold on the last day of its sale as investors clamor for exposure to the rapidly expanding sector.

NTPC Green Energy’s IPO debuted on November 27 at ₹111.5 on NSE, a 3.2% premium over the issue price. The IPO, valued at ₹10,000 crore, saw strong demand, closing 2.55 times oversubscribed, with retail investors booking 3.

NTPC Green Energy, the renewable energy arm of state-owned NTPC , garnered bids worth 154.06 billion rupees ($1.83 billion) on Friday for its $1.2 billion initial public offering, as investors bet on the country's growing clean energy needs.

The Grey Market Premium of GMP indicates towards a lackluster debut of NTPC Green Energy shares on 27 November. The allotment for the Initial public offering has already been finalised and investors c

(Reuters) -Shares of India's NTPC Green Energy, the renewable energy arm of power producer NTPC surged 11.9% in trading debut on Wednesday as investors bet on the country's growing clean energy needs.