NTPC Green Energy IPO: Stock Lists At 3 Per Cent Premium On NSE

NTPC Green Energy, the renewable energy arm of NTPC, had a modest market debut on November 27, reflecting investor optimism following the success of its IPO, though its stock’s performance showed a more measured response in early trading. Shares of NTPC Green Energy, part of India’s power producer NTPC, surged by as much as 13.65 percent on their trading debut. The stock opened at Rs 111.50 on the National Stock Exchange (NSE) and Rs 111.60 on the Bombay Stock Exchange (BSE), a 3 per cent premium over the issue price. As trading progressed, the stock reached Rs 122.65, reflecting growing investor confidence and a positive outlook for the company’s future in the renewable energy space.

The IPO, which ran from November 19 to November 22, raised Rs 10,000 crore, with shares offered in a price band of Rs 102 to Rs 108 per share. With an overall oversubscription of 2.42 times, the issue saw notable interest across categories. The retail segment, in particular, was oversubscribed by 3.6 times, indicating significant participation from individual investors.

From the total funds raised at the top price range, about Rs 7,500 crore will be directed towards general corporate purposes and reducing the debt of NTPC Renewable Energy Ltd (NREL), a subsidiary of NTPC. The company plans to use a part of the capital to support its expanding portfolio of renewable energy projects across India.

Since its founding in April 2022, NTPC Green Energy has rapidly established itself as a major force in the non-hydro renewable energy industry. The company has established a strategic alliance with Maharashtra State Power Generation Business Ltd (MAHAGENCO) to create renewable energy parks in Maharashtra through a 50:50 joint venture called Mahagenco NTPC Green Energy Private Limited in addition to its organic growth plan.

Leading investment banks, such as IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management, managed the IPO. NTPC Green Energy’s listing marks a key step in its renewable energy journey, with investors likely to watch its progress closely.