NTPC Green Energy IPO Makes a Modest Debut on the Stock Exchanges

The shares of NTPC Green Energy, the renewable energy arm of NTPC, made their debut on the stock exchanges today. The stock was listed at Rs 111.60 per share on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), which is a small premium over its issue price of Rs 108. On the BSE, the listing reflected a 3.33% premium, while on the NSE, the premium was slightly lower at 3.24%.

The listing was in line with market expectations. Before the IPO's debut, NTPC Green Energy's unlisted shares were quoted at just Re 1 above the issue price in the grey market, indicating a muted opening.

IPO Details and Subscription Metrics

The NTPC Green Energy IPO was entirely a fresh issue of shares, offering 92.59 crore shares at a price band of Rs 102 to Rs 108 each. The minimum lot size for the IPO was 138 shares. The IPO received a positive response, with an overall subscription rate of 2.42 times.

• Retail Investors: The shares reserved for Retail Individual Investors (RIIs) were subscribed 3.44 times.
• Qualified Institutional Buyers (QIBs): They subscribed to 3.32 times the shares allocated to them.
• Non-Institutional Investors (NIIs): These investors showed relatively lower demand, subscribing to only 0.81 times their quota.
• Employees and Shareholders: The shares reserved for employees were subscribed 0.80 times, while those reserved for shareholders saw stronger demand, with a subscription rate of 1.60 times.

NTPC Green Energy’s Growth Plans

NTPC Green Energy Limited (NGEL) is part of NTPC’s strategy to transition towards green energy. The company is focused on expanding its renewable energy capacity, both through organic growth and acquisitions. The company aims to reach a renewable energy capacity of 60 GW by the year 2032.

NGEL is involved in competitive bidding for renewable energy projects, as well as participating in the government’s Ultra Mega Renewable Energy Power Parks (UMREPP). The company aims to strengthen its position in the Indian green energy market and also expand internationally, contributing to NTPC’s efforts to lead the renewable energy sector.

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Despite a modest debut, NTPC Green Energy’s IPO has generated interest among investors, reflecting confidence in the company’s green energy future. As part of NTPC’s broader sustainability strategy, NGEL is set to play a key role in the country’s renewable energy growth, with ambitious plans for both national and global expansion.