NTPC Green Energy shares rose in their trading debut after it raised more than $1 billion in its initial public offering, becoming the latest Indian company to tap a buoyant equity market. Shares were recently at 122.

The shares of NTPC Green Energy are set to debut on Dalal Street today (November 27). While the IPO garnered strong interest from retail investors, the current grey market premium (GMP) indicates a potentially subdued listing.

According to the NSE and BSE notices, the NTPC Green Energy IPO listing date has been fixed as 27 November 2024. NTPC Green Energy's shares will be available for trading starting 10:00 AM today. NTPC Green Energy shares will be listed on the Indian exchanges in a special pre-open session during Wednesday's dealings.

The company received a total of Rs 15,406 crore from investors. The retail investors bid for 293 million shares against 81.48 million shares.

Shares of the renewable-energy arm of top Indian power producer NTPC Ltd. are set to start trading Wednesday after a $1.2 billion offering, testing investor appetite for one of the biggest listings before the year-end.

Shares of NTPC Green, which launched its initial public offering (IPO) for public subscription from November 19 to November 22, debuted on the stock exchange today at a 3.2% premium over IPO price. The stock debuted at Rs 111.

NTPC Green Energy, the renewable energy arm of state-owned NTPC , garnered bids worth 154.06 billion rupees ($1.83 billion) on Friday for its $1.2 billion initial public offering, as investors bet on the country's growing clean energy needs.

The price band of the IPO was fixed at Rs 102-108 per share with each equity share having a face value of Rs 10.

NTPC shares rose 2.3%, while NTPC Green Energy debuted with a 3.25% premium. Experts recommend holding for long-term growth amid the company’s expansion into renewable energy and storage.

(Reuters) -Shares of India's NTPC Green Energy, the renewable energy arm of power producer NTPC surged 11.9% in trading debut on Wednesday as investors bet on the country's growing clean energy needs.

A wholly subsidiary of NTPC Limited, NTPC Green Energy Limited has partnered with Maharashtra State Power Generation Company Limited (MAHAGENCO), the company on Tuesday (November 26) announced through an exchange filing.