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India's NTPC Green's $1.2 bln IPO fully subscribed on renewable energy bets
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India's NTPC Green's $1.2 bln IPO fully subscribed on renewable energy bets
Nov 21, 2024 9:56 PM

Nov 22 (Reuters) - NTPC Green Energy's (NGEL) $1.2

billion initial public offering, India's third-largest in 2024,

was fully subscribed on the final day of bidding on Friday, as

investors bet on the country's growing clean energy needs.

About three-quarters of the shares offered were set aside

for institutional investors, and were 75% subscribed.

The portion reserved for retail investors was oversubscribed

by 2.63 times. They were fully subscribed on the first day of

bidding.

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