NTPC Green Energy IPO: With 2 days left to apply, subscription update, issue price, lot size, other key things to know

NTPC Green Energy IPO: NTPC Green Energy's initial share sale, to raise up to Rs 10,000 crore, opened for subscription on Tuesday, November 19. Shares in NTPC Green Energy, a subsidiary of Nifty50 PSU NTPC, will be available for bidding for two more days, between 10 am and 5 pm, till Friday, November 22. 

Here are some of the key things to know about the PSU IPO: 

Important Dates: The subscription window opened on Tuesday and will close on Friday, November 22. 

The basis of allotment is likely to be finalised tentatively on November 25 and the stock set to be listed on bourses BSE and NSE on November 27. 

Issue Price: Under the initial public offer, NTPC Green Energy shares are available for bidding in the price band of Rs 102-108 per share. 

Lot Size: Potential investors can bid for NTPC Green shares in multiples of 138 units at a time, which translates to Rs 14,076-14,904 per lot.

Shares offered in the primary market are available for bidding in batches. The number of shares available for bidding—known as the lot size—is determined by the issue price. 

Subscription Summary: On Tuesday, the first day of the bidding process, the NTPC Green IPO was an overall subscription of 33 per cent.   

Subscription Details: By 5 pm on that day, the IPO received bids for 19.49 crore shares versus the 59.32 crore shares on offer, according to provisional exchange data.  

Qualified Institutional Buyers: On the first day, the IPO was yet to receive bids from qualified institutional buyers (QIBs).  

High Net-worth Individuals: The portion reserved for non-institutional investors (NIIs)—also known as high net worth individuals—was booked 16 per cent. 

Retail Individual Investors (RIIs): In the retail investor category, the issue was oversubscribed by 1.3 times the shares on offer. 

Employees: The portion kept aside for the company's employees saw a subscription of 17 per cent. 

Anchor Investors: Prior to the IPO launch, NTPC Green Energy raised a sum of Rs 3,960 crore from anchor investors by issuing 36.7 crore shares at Rs 108 apiece. 

The PSU's anchor investors include LIC, ICICI Prudential MF, SBI Life Insurance and HDFC Life Insurance.

Company Profile | What is NTPC Green Energy and what does it do?

NTPC Green Energy is the umbrella company for state-run power generation firm NTPC's green business initiatives. NTPC Green Energy undertakes projects through organic and inorganic routes.

NTPC Green Energy aims to be the flag-bearer of NTPC’s green energy journey to achieve its ambitious target of 60 GW by the financial year 2031-32. 

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