NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, received a response to its initial public offering (IPO), with a subscription rate of 2.4 times on the final day of bidding.
The IPO offered 593 million equity shares at a price band of Rs 102-108 and received bids for 1.43 billion shares, according to stock exchange data. The subscription details showed that the qualified institutional buyer portion was subscribed 3.32 times, while the retail investor portion was subscribed 3.39 times. The non-institutional investor portion was subscribed 0.81 times, the reservation portion was subscribed 1.57 times, and the employee portion saw a subscription of 0.78 times.