NTPC Green Energy, the renewable energy arm of state-owned NTPC, garnered bids worth 154.06 billion rupees ($1.83 billion) on Friday for its $1.2 billion initial public offering, as investors bet on the country's growing clean energy needs.

The state-owned renewable energy giant is expected to finalise its share allotment to investors on Monday, November 25. The IPO is likely to be listed on Wednesday, November 27.

The NTPC Green IPO allotment process, expected to conclude on Monday, has garnered significant attention, with an overall subscription of approximately 2.4 times. The shares are set to be distributed through a lottery system,

NTPC Green Energy's $1.2 billion initial public offering, India's third-largest in 2024, was fully subscribed on the share sale's final day on Friday, as investors bet on the country's growing clean energy needs.