NTPC Green Energy has finally launched on the stock market today. It was previously launched as IPO, from November 19th to 22th. Just after releasing in the stock market prices are Rs 111.50 which is 3.24% higher than then Initial Public Offering. Lets look at the financial details, price expectation, recent news about NTPC Green Energy in this article.
NTPC Green Energy Listing on Share Market
On Wednesday 27th November NTPC Green Energy launched in both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The opening price in NSE was Rs 111.50 and BSE was Rs 111.60 both are higher than the IPO price by 3.24% and 3.33%.
| Category | Details |
|---|---|
| IPO Details | NTPC Green Energy |
| IPO Size | ₹10,000 crore |
| Oversubscription | 2.42 times |
| Use of Proceeds | Repayment/prepayment of NREL loans, general corporate purposes |
| Listing Performance (Nov 27) | |
| NSE Listing Price | ₹111.50 (3.24% premium over IPO price of ₹108) |
| BSE Listing Price | ₹111.60 (3.33% premium over IPO price of ₹108) |
| Grey Market Premium (GMP) | Flat on the listing day |
| About NTPC Green Energy | |
| Parent Company | NTPC |
| Key Projects | 3,220 MW solar and 100 MW wind power across six states |
| Sector Leadership | Largest public sector renewable energy company (excluding hydro) |
| Joint Venture | Mahagenco NTPC Green Energy Private Ltd. (MNGEPL) |
| JV Focus | Development and management of renewable energy parks in Maharashtra under UMREPP policy |
| JV Incorporation Date | November 25, 2024 |
About NTPC Green Energy
NTPC Green Energy, a subsidiary of NTPC, is India’s largest public sector entity in renewable energy (except hydro) as of September 2024. With 3,220 MW of solar and 100 MW of wind capacity across six states, it effectively mitigates location-specific risks.
The ₹7,500 crore IPO proceeds will primarily be used to reduce NTPC Renewable Energy Ltd’s debt and support corporate initiatives.
In a significant move, NTPC has partnered with MAHAGENCO to establish Mahagenco NTPC Green Energy Pvt Ltd (MNGEPL). This 50:50 joint venture, incorporated on November 25, 2024, aims to develop and manage renewable energy parks in Maharashtra under the UMREPP policy.
Analysts’ Take on NTPC Green IPO
Gaurav Garg from Lemonn Markets predicts a premium listing for NTPC Green but warns of a potential decline due to high valuations. He highlights strong sector performance and FOMO as key drivers of investor interest.
Prashanth Tapse from Mehta Equities expects a neutral to moderate listing gain of 0-5%, citing decent subscription demand and market sentiment, but advises against expecting significant gains under current conditions.
