NTPC Green Energy’s recent IPO and subsequent listing have been quite successful.
IPO Performance:
Subscription: The IPO was oversubscribed 2.4 times overall, with retail investors showing particular enthusiasm, oversubscribing their portion by 3.39 times.
Listing: The stock listed at a 3.24% premium over the IPO price of ₹108 on November 27, 2024.
Market Performance: On its debut day, the stock reached an intraday high of ₹122.75, reflecting strong market interest.
Market Capitalization: The total market capitalization now stands at approximately ₹1.03 lakh crore.
Future Plans:
The funds raised from the IPO will be utilized to:
Expand NTPC Green Energy’s renewable capacity
Repay debt
Achieve the company’s goal of increasing capacity to 19 GW by 2027.
Overall, NTPC Green Energy’s strong IPO performance and positive market reception highlight the growing investor interest in renewable energy and the company’s potential for future growth.