NTPC Green Energy Share Price Live Updates: Here What You Need To Know

After a modest debut in the market, NTPC Green, a wholly-owned subsidiary of 'Maharatna' NTPC Limited, share price surged as much as 14% on Wednesday, November 27. In fact, on both the NSE and BSE, NTPC Green Energy made its market first appearance at Rs. 115, showcasing a premier of 3.2% over its IPO price of Rs. 108.

The NTPC Green Energy IPO allotment, which was open from November 19 to November 22, 2024, was subscribed 2.55 times.

With a price band of Rs. 102 to Rs. 108 per share, the IPO received bids for 143.37 crore shares against 59.32 crore shares on offer. On the other hand, the retail investor segment was booked 3.59 times, while the non-institutional investors (NII) category was not subscribed fully and was bid 0.85 times. The qualified institutional buyers (QIB) portion was subscribed 3.51 times. Finally, the employee and other quotas were booked 0.83 times and 1.67 times, respectively.

NTPC Green Energy Limited is a renewable energy company that focuses on undertaking projects through organic and inorganic strategies. As of March 31, 2024, the company had reported significant growth, with its revenue rising by 1,094.19% and profit after tax rising by 101.32%.

Thus, it is true to say that, with a market capitalisation of Rs. 10,000 crore, NTPC Green Energy Limited is poised to become a significant player in the renewable energy sector.