November 27, 2024
New Delhi, India
NTPC Green Energy IPO
NTPC Green Energy Ltd. shares made a modest debut on November 27, listing at ₹111.50 on the NSE, a 3.2% premium over the issue price of ₹108. On the BSE, shares opened slightly higher at ₹111.60, reflecting a 3.3% premium.
Key Highlights of the IPO Listing
- Stock Performance:
- Initial listing price: ₹111.50 (NSE), ₹111.60 (BSE).
- Intraday high: ₹122.75, marking a 13.56% gain from the issue price.
- Market Activity:
- Trading volume: Over 2.21 crore shares exchanged.
- Turnover: ₹261.50 crore.
- Market cap: ₹1,00,189.06 crore.
- IPO Subscription:
- Subscription rate: 2.42 times.
- Total bids: 143.37 crore shares for 59.32 crore on offer.
Analyst Take: Long-Term Investment Potential
While the listing was muted compared to the high subscription rate, analysts remain optimistic about NTPC Green Energy’s long-term potential, citing:
- Strong fundamentals.
- Leadership in India’s renewable energy sector.
- Growth prospects amid India’s green energy transition.
NTPC Green Energy’s IPO debut reflects investor confidence in India’s renewable energy future. With a rally to ₹122.75 during the session, it underscores strong market interest and a promising outlook for the company.
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