NTPC Green Energy's IPO has received a subscription rate of 48% on its second day, November 21, with bids for 28.3 crore shares against 59.3 crore shares available.
Retail individual investors have shown significant interest, subscribing to twice their allocated 8.6 crore shares.
Non-Institutional Investors (NIIs) subscribed to 24% of their portion, with over 3 crore shares bid against an allocation of 12.9 crore shares.
Qualified Institutional Buyers (QIBs) have participated minimally, with only 3.3 lakh shares subscribed out of the 25.9 crore shares set aside for them.
The employee category saw nearly double the subscription.
The IPO aims to raise Rs 10,000 crore through a fresh issue of 92.6 crore shares, with a price band set between Rs 102 and Rs 108 per share.
The proceeds from the issue will primarily fund investments in NTPC Renewable Energy, repay outstanding debts, and cover general corporate purposes.