NTPC Green Energy IPO Opens With 3% Premium, Shares Surge Over 13%

The renewable energy arm of NTPC Limited debuts strongly on NSE and BSE following its ₹10,000 crore IPO, with funds aimed at debt repayment and corporate purposes.

NTPC Green Energy Limited, a subsidiary of NTPC, listed on the NSE and BSE with a 3.2% premium over its issue price of ₹108 per share.
The ₹10,000 crore IPO was oversubscribed 2.5 times, with retail investors allocated 10% of the net offer and institutional buyers taking 75%.
Shares rallied over 13.5% post-listing, reaching a high of ₹122.65 on the NSE, providing modest returns for IPO investors.
Proceeds from the IPO will be used for debt repayment of NTPC Renewable Energy Ltd. and general corporate purposes.
Ahead of the IPO, NTPC Green Energy formed a joint venture with Maharashtra State Power Generation Company to develop renewable energy parks under the UMREPP scheme.