NTPC Green Share Price: Shares of NTPC Green Energy made a sluggish debut on the stock markets on Wednesday, November 27. They got listed on the NSE at Rs 111.5, up just 3.2 percent from the upper price band of Rs 108. Meanwhile, on the BSE, it was listed at Rs 111.60, up 3.33 percent from the IPO price. The IPO of NTPC Green, priced at ₹ 10,000 crore, was open for subscription from November 19 to November 22. The price band of this IPO was in the range of ₹ 102-108 per share.
NTPC Green Energy IPO Subscription Status
The IPO, which was open for public subscription from November 19 to November 22, was subscribed 2.55 times, with bids for a total of 142,65,50,988 shares against 56,01,58,217 shares. NTPC Green Energy's IPO was worth Rs 10,000 crore. All new shares were issued in it.
The funds raised from the new issue will be used by the subsidiary NTPC Renewable Energy for investment, repayment of debt, and other general corporate purposes. NTPC Green Energy's revenue is projected to grow at a CAGR of 46.82% from Rs 910.42 crore in FY 2022 to Rs 1,962.6 crore in FY 2024.
--Advertisement--