NTPC Green Energy Share Price Highlights: The shares of NTPC Green Energy have hit the bourses – NSE and BSE – on November 27. The stock was listed at Rs 111.50 on NSE, a premium of 3.2%. It was launched on November 19 and closed on November 22. The IPO raised Rs 10,000 crore from investors. The issue was subscribed to a total of 2.55 times. The retailers booked it 3.6 times.
The company’s IPO price band ranged between Rs 102 to Rs 108 per equity share. The allotment of shares was finalised on November 25. The issue included a reservation of up to 19.41 million shares for employees, which were offered at a discount of Rs 5 to the issue price. IDBI Capital Market Services, HDFC Bank, IIFL Securities and Nuvama Wealth Management were the book-running lead managers of the issue.
NTPC Green Energy IPO Listing Highlights Today: Check GMP price, listing, date, time, share price
NTPC Green Energy shares ended over 12% higher, closing at the day’s peak of Rs 121.65 on the NSE, following a subdued debut on Dalal Street earlier in the day. Despite the initial lukewarm start, the renewable energy subsidiary of NTPC showcased strong recovery and investor interest.
NTPC Green Energy IPO Share Price Live Updates: NTPC Green Energy IPO Last GMP Before Listing
NTPC Green Energy IPO Share Price Live Updates: Bajaj Broking on NTPC Green Energy IPO
According to a report by Bajaj Broking, investors are advised to subscribe to the NTPC Green Energy IPO with a long-term perspective. The firm highlights the company's robust financial performance, marked by sharp growth in both income and profit over recent years.
NTPC Green Energy reported a total income of Rs 170.63 crore and a net profit of Rs 171.23 crore in FY23, which surged significantly in FY24 to Rs 2,037.66 crore in income and Rs 344.72 crore in net profit. In the first half of FY25, ending September 30, 2024, the company achieved a net profit of Rs 175.30 crore on a total income of Rs 1,132.74 crore. Bajaj Broking noted that the FY23 profit figures included a deferred tax credit of Rs 118.68 crore.
On valuation, the IPO is priced at a price-to-earnings (P/E) ratio of 257.14 based on projected FY25 earnings and 263.41 based on FY24 earnings, which Bajaj Broking describes as "aggressively priced."
Despite the high valuation, the company’s established position and expanding renewable energy capacities make it an attractive long-term investment. Additionally, its exclusive focus on Indian operations shields it from any impact of U.S. renewable energy policies, reinforcing its growth potential in the domestic market.
NTPC Green Energy IPO Share Price Live Updates: AMCO Securities on NTPC Green Energy
"NGEL's strong fundamentals and leadership in renewable energy are undeniable, but its premium valuation calls for cautious optimism. The stock is expected to consolidate near current levels as investors assess its capacity to meet growth and profitability expectations," said Divyam Mour, Research Analyst, SAMCO Securities.
NTPC Green Energy IPO Share Price Live Updates: NTPC Green Energy launches JV with Maharashtra State Power
NTPC Green Energy Limited (NGEL) has established a 50:50 joint venture with Maharashtra State Power Generation Company Limited (MAHAGENCO) to develop, operate, and maintain renewable energy parks in Maharashtra. The collaboration was announced in a BSE filing on Tuesday, November 26.
The new entity, named Mahagenco NTPC Green Energy Private Limited (MNGEPL), will focus on creating and managing Renewable Energy Parks under the Ultra Mega Renewable Energy Power Park (UMREPP) framework in the state. These parks will be allocated for renewable energy project development, as detailed in the filing.
NTPC Green Energy, a wholly-owned subsidiary of State-run NTPC Ltd., spearheads renewable energy initiatives for the energy giant. MAHAGENCO, owned and operated by the Maharashtra government, is a key player in the state's power sector.
NTPC Green Energy IPO Share Price Live Updates: NTPC Green Energy shares gain over 13%
NTPC Green Energy, the renewable energy subsidiary of NTPC, rebounded strongly after a lukewarm stock market debut. The shares soared 13.65% to hit the upper circuit of Rs 122.75 on the BSE within 30 minutes of listing. On the NSE, the stock rose 13.56% to Rs 122.65, delivering a notable gain from its issue price of Rs 108. Earlier in the session, the shares made a modest debut, listing at Rs 111.60 on the BSE and Rs 111.50 on the NSE, with premiums of 3.33% and 3.24%, respectively.
Read More: NTPC Green Energy shares jump over 13% after muted debut
NTPC Green Energy IPO Share Price Live Updates: Lemonn on IPO share price
“Market expected the stock to show muted gains at listing, the stock listed at a 3.3% premium. Unexpectedly, the stock rallied strongly and is currently trading at Rs. 120 (+11.34%). We would advise people who invested for short term gains to exit and book profits," said Gaurav Garg, Research Analyst at Lemonn.
NTPC Green Energy IPO Share Price Live Updates: NTPC Green Energy up 7.7%
Shares of NTPC Green Energy were trading 7.7 higher at Rs 120.10. It got locked in the upper circuit of 10% at Rs 122.65 after listing at a price of Rs 111.50.
NTPC Green Energy IPO Share Price Live Updates: Mehta Equities on listing of IPO
"Valuations and subdued market mood justifies the listing. For long term investors, we believe NTPC Green Energy is a great opportunity to invest in a leading player of India’s renewable energy sector, backed by the formidable resources and expertise of NTPC Ltd as a Long term strategy only. With ambitious renewable energy targets, the company is well-equipped to capitalize on the increasing demand for sustainable energy solutions. NTPC Green's strategic expansion into green hydrogen, green chemicals and battery storage further enhances its growth prospects, positioning it at the forefront of India’s energy transition," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
NTPC Green Energy IPO Share Price Live Updates: Might list at 26% discount
The special pre-open session shows that the stock of NTPC Green Energy might list at Rs 80 on the National Stock Exchange. This indicates a listing discount of almost 26% to the issue price. The company's upper price band was Rs 108.
NTPC Green Energy IPO Share Price Live Updates: GMP update
The stocks of NTPC Green were trading at a price of Rs 109 in the grey market. The IPO was attracting a premium of a mere Re 1 in the grey market, which indicated a muted listing. The grey market is an irregulated place where shares of a company are traded illegally ahead of listing. Market participants keep an eye on the GMP to track listing gains.
NTPC Green Energy IPO Share Price Live Updates: About the issue
The initial public offering commenced on November 19 and garnered Rs 10,000 crore from investors. The initial public offering concluded on November 22. The company issued 92.59 crore fresh shares. The IPO price band was set between Rs 102 and Rs 108 for each equity share.
NTPC Green Energy IPO Share Price Live Updates:Key joint venture with Maharashtra
NTPC Green Energy has inked a 50:50 JV with Maharashtra State Power Generation Company. Under this pact, the company will be operate and maintain renewable energy park(s) in Maharashtra.
NTPC Green Energy IPO Share Price Live Updates: NTPC Green Energy IPO likely to see muted debut
NTPC Green Energy is all set to list on the exchanges. The GMP has however come down to just 1 rupee and it is expected to debut on a lacklustre note