NTPC Green Energy Share Price & IPO Listing Highlights: NGEL shares end 9% higher after premium listing

Shares of NTPC Green Energy closed at ₹121.25, increased by 8.74% on the NSE. On the BSE, the stock ended ₹122.10, higher by 9.41%.

NTPC share price in focus: Shares gained 2.53% on the NSE to trade at ₹370.80.

(NSE data as at 2.38 pm)

Shares of NTPC Green Energy traded at ₹122.65 and ₹122.75 on the NSE and BSE, respectively, higher by 10% as at 2.27 pm.

“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.”

- Gaurav Garg, Research Analyst at Lemonn Markets Desk

NTPC Green Energy jumped 10% to ₹122.65 on the NSE as at 2 pm.

(NSE data)

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Sembcorp Industries on Wednesday said it has secured a 300 MW wind-solar hybrid project through its arm Sembcorp Green Infra from NTPC Ltd.

The build-own-operate project is part of a 1.2GW bid issued by NTPC, a state-owned power giant, a company statement said.

Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Pvt Ltd, has received the Letter of Award (LOA) for a 300MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from NTPC Ltd, according to the statement.

Subject to the execution of a power purchase agreement (PPA) and upon completion of the project, power output from the project will be sold to NTPC under a 25-year long-term PPA, it stated.

The project is expected to be ready for commercial operation within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt, the company informed.

With a secured capacity of close to 2GW from greenfield projects won since November 2023, Sembcorp’s gross renewables capacity in India now stands at 5.4GW.

This brings Sembcorp’s global renewables capacity to 16GW, including a 49MW acquisition pending completion, it stated.

The award of the Project is in the ordinary course of business and is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp Industries for the financial year ending December 31, 2024, it stated.

PTI

NTPC Green Energy shares traded at ₹121.88 on the NSE, up 9.31% as at 12.50 pm.

Shares traded at ₹121.83 on the NSE, higher by 9.26% as at 12.06 pm.

(NSE data)

“While NGEL benefits from solid fundamentals and leadership in renewable energy, its premium valuation warrants caution. The stock is likely to consolidate around current levels as the market evaluates its ability to deliver on growth and profitability targets.”

- Divyam Mour, Research Analyst, SAMCO Securities 

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(Source: X/ @NSEIndia)

• Today’s high: ₹122.65
• Today’s low: ₹111.50 (listing price)

(NSE data as at 11.18 am)

NGEL shares rallied 10 per cent post-listing on Wednesday. NTPC Green Energy shares were listed at ₹111.50 and ₹111.60 on the NSE and BSE, respectively, at a 3.2/3.3 per cent premium over the IPO price of ₹180.

Shares of NTPC Green Energy rallied 10 per cent to trade at ₹122.65 as at 10.30 am on the NSE. Meanwhile, NTPC shares rose 2.07 per cent to ₹369.15 on the NSE.

Madhu Balaji of businessline writes | ​​Read here​​

Post-listing view on NTPC Green Energy from Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

“NTPC Green Energy made a positive debut, listing at ₹111.5, a 3.25% gain over its issue price of ₹108. The listing surpassed modest expectations, supported by slightly improved market sentiment. The IPO had received a moderate overall subscription of 2.55 times, reflecting measured investor interest.

As a wholly-owned subsidiary of NTPC Ltd., the company benefits from a robust and diversified portfolio across geographies and off-takers. Its consistent top-line growth is encouraging, though temporary fluctuations in profitability and margins remain a concern. Despite the aggressive pricing based on the PE ratio, the company’s long-term prospects in the renewable energy space make it a suitable option for patient investors with a long-term horizon and we recommend to hold it with a stop loss at around 110.”

- Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

(Source: X/@NSEIndia)

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(Source: X/@NSEIndia)

NTPC Green Energy shares list at ₹111.50 on the NSE, at a 3.2% premium over the issue price of ₹108. 

On the BSE, the stock listed at ₹111.60, 3.33% premium over IPO price of ₹108.

Shares of NTPC Ltd traded at ₹365.75 on the NSE, up 1.13% as at 9.50 am.

NTPC Green Energy, the renewable energy arm of power producer NTPC climbed 3.24% in pre-open debut trade on Wednesday as traders bet on the country’s growing clean energy needs.

The stock listed at 111.5 rupees ($1.32) on the National Stock Exchange, compared with an offer price of 108 rupees.

NTPC Green had garnered bids worth $1.8 billion in its $1.2 billion IPO last week, and was oversubscribed by more than twice.

(Reuters)

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. 

Valued nearly $11 billion based at the top of its marketed price range of 108 rupees ($1.2806) a share, NTPC Green Energy Ltd. is raising funds via sale of new shares to invest in its renewable energy unit and repay loans. Its IPO was fully sold last week, driven by strong demand for renewable energy stocks from investors betting on a sharp rise in India’s power consumption. 

Retail investors bid at least three times the shares reserved for them, likely encouraged by the huge listing day pops for recent offers. Waaree Energy Ltd.’s $514 million offering last month surged 56% on debut, and Premier Energies Ltd.’s shares gained 87% when they listed in August.

India has been a global hotspot for dealmaking in recent months with large listings such as Hyundai Motor India Ltd. and food delivery firm Swiggy Ltd. IPOs have been witnessing participation across investor categories.

Initial public offerings by 12 companies in the renewables space have raised more than $1.2 billion this year in India. Except for Acme Solar Holdings Ltd., all issues rallied on their debut.

The strong response for listings comes as foreign funds offload local shares amid pricey valuations, while the indictment of billionaire Gautam Adani by US prosecutors weighs on investor sentiment.

Bloomberg

(Source: X/ @NSEIndia)

MoU has been signed between NTPC Green Energy Limited and Chhattisgarh State Power Generation Company Limited for development of renewable projects.

Shares of NTPC Green Energy will be listed at the bourses today after successful completion of IPO. NTPC Green Energy Limited’s initial public offering (IPO) closed on Friday with an overall subscription of 2.42 times the issue size, signalling a decent investor interest in the green energy segment. Analysts only a modest gain for the stock on listing day, citing grey market premium.