NTPC Green Energy stock climbs again a day after listing, up by nearly 5%

NTPC Green Energy extended its gains for the second day in a row after the share price increased by nearly 5% to ₹127.49 apiece on the National Stock Exchange (NSE) on Thursday, November 28.

Shares of NTPC Green Energy were listed on the BSE and NSE on Wednesday, November 27. The stock was listed at ₹111.50 per share on the NSE and ₹111.60 on the BSE, marking a premium of 3.24% and 3.33% over its initial public offering (IPO) price of ₹108 per share on the bourses, respectively.

Shares of the company were trading 2.62% up at ₹124.84 per share on the NSE at 1:20 pm on Thursday. The company’s market capitalisation stood at ₹1,04,579.18 crore.

NTPC Green Energy IPO and listing

NTPC Green Energy’s ₹10,000 crore IPO was a fresh issue of 92.59 crore shares. The bidding for the IPO was open from November 19 to November 22. It received bids for over 142.64 crore shares against the 59.31 crore shares on offer, resulting in an oversubscription of 2.4 times.

The IPO was booked 3.39 times in the retail category and the shareholders’ quota of the IPO was booked 1.58 times. The NIIs quota was booked 81%, while the employee segment was booked 78%. The QIBs quota for the IPO was booked 3.32 times.

After making a dull debut on the stock exchanges, shares of the company jumped as much as 13.5% during the intraday trading on the NSE on Wednesday, hitting ₹122.65 apiece.

The stock ended 8.74% up at ₹121.25 per share on the NSE on November 27.

About NTPC Green Energy

Incorporated in April 2022, NTPC Green Energy is a wholly owned subsidiary of NTPC Limited, a state-owned power company. NTPC Green Energy is a 'Maharatna' central public sector enterprise with a renewable energy portfolio which includes both wind and solar power assets. The company works on renewable energy projects and has 234 employees as well as 45 contract labourers as of June 2024.