(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.
(Reporting by Manvi Pant in Bengaluru; Editing by Savio D’Souza)
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