The NTPC Green Energy IPO saw strong investor interest on its second day, reaching 93% subscription. Retail investors led the charge, with their portion oversubscribed 2.38 times.
The IPO, open from November 19-22, 2024, offers shares in the price band of ₹102-₹108, with a ₹5 discount for eligible employees. The ₹10,000 crore issue, reserved 75% for QIBs, 15% for NIIs, and 10% for retail investors, aims to boost NTPC’s renewable energy ambitions. However, the grey market premium stands at ₹0, signaling a flat listing at ₹108 per share.