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NTPC Green Energy IPO fully subscribed

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The IPO of NTPC Green Energy, the renewable energy arm of NTPC, was fully subscribed on the third day of the share sale. The Rs 10,000-crore share sale received bids for 1.02 times the shares on offer. The retail investors' portion was subscribed 2.70 times, while the institutional and non-institutional investors' portions were subscribed 75% and 42% respectively. The company has raised Rs 3,960 crore from anchor investors. The IPO proceeds will be used to repay loans and for general corporate purposes. IDBI Capital Markets, HDFC Bank, IIFL Capital Services, and Nuvama Wealth Management are the lead managers.