NTPC Green Energy Shares Listed on NSE at a Premium of Over 3%

NTPC Green Energy shares made a modest debut on the National Stock Exchange (NSE) on Wednesday, November 27, opening at a premium of over 3%. This followed the strong subscription of its ₹10,000 crore IPO, which was oversubscribed 2.42 times.

The stock was listed at ₹111.50 per share on the NSE, reflecting a 3.24% premium over the IPO price of ₹108. On the Bombay Stock Exchange (BSE), the shares were listed at ₹111.60, a 3.33% premium.

The listing performance exceeded expectations, as the grey market had indicated a flat listing day for NTPC Green Energy shares.

Use of IPO Proceeds

NTPC Green Energy, a “Maharatna” central public sector enterprise, boasts a renewable energy portfolio, including solar and wind power assets. Proceeds from the IPO, approximately ₹7,500 crore at the upper price band, will be used to repay or prepay part of the loans of its subsidiary, NTPC Renewable Energy Ltd. (NREL), with a portion allocated for general corporate purposes.

JV With Maharashtra Government

In other news, NTPC has announced a 50:50 joint venture with Maharashtra State Power Generation Company Ltd (MAHAGENCO) to develop, operate, and maintain renewable energy parks in Maharashtra. The new venture, Mahagenco NTPC Green Energy Private Limited (MNGEPL), was incorporated on November 25, 2024, and will focus on developing renewable energy projects in the state under the UMREPP scheme.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.