NTPC Green Energy Ltd. (NTPCGREEN) made its stock market debut today, listing at ₹111.50 on the NSE, which is 3.24% higher than its issue price of ₹108. Despite a subdued grey market premium (GMP) ahead of the listing, the stock opened on a positive note.
Key Listing Highlights:
- Issue Price Band: ₹102-108 per share
- Listing Price: ₹111.50 on NSE
- Premium: 3.24% over the issue price
- IPO Size: ₹10,000 crore
- Subscription: Received decent overall participation during its three-day bidding window from November 19 to November 22.
Ranking in 2024 IPOs:
- NTPC Green’s IPO ranks as the third-largest IPO of 2024, following Hyundai Motor India (₹27,870 crore) and Swiggy (₹11,300 crore).
This positive debut reflects market optimism despite earlier predictions of a subdued listing, showcasing NTPC Green’s strategic importance in the renewable energy sector.
TOPICS:
NTPC Green Energy