NTPC Green Energy to debut on D-Street today; all you need to know
NTPC Green Energy in line with the expectations made a muted listing.
Shares of the renewable energy arm- NTPC Green Energy, a subsidiary of the Maharatna utility company NTPC was scheduled to debut on bourses today. As expected the company made a muted debut, listing at a price of Rs 111.6, up by a minor 3 per cent, while on the NSE it debuted at Rs 111.5 apiece.
The IPO, which closed for subscription on November 22, was oversubscribed 2.42 times, with significant demand from retail investors. of 3.4 times the subscription meant for them.
This Rs 10,000 crore IPO was the second biggest by the PSU major with a fresh issue of 92.59 equity shares on offer. The price band for the issue was fixed between Rs 102-108 per share.
The company came up with the issue for investing in the wholly owned Subsidiary, NTPC Renewable Energy (NREL) for repayment/prepayment, in full or in part of certain outstanding borrowings availed by NREL and other general corporate purposes.
Even though most analysts and experts remained positive on the counter from the long-term perspective, nonetheless they anticipated muted listing.
Expers view on the listing
Zee Business Managing Editor expects the stock to make its listing close to its issue price of Rs 108. The market guru advised investors to 'subscribe' to the issue with a three year perspective. For short term investors, he advised investors to keep a suitable stoploss below issue price.
This is a 2-3 years story in renewable energy. Don’t expect big gains in short term, hold for atleast 2-3 years, he suggested.
Shivani Nyati, Swastika Investmart: The company’s diversified portfolio and consistent revenue growth are strengths, but aggressive valuations and margin fluctuations could limit short-term upside.
Prashanth Tapse, Mehta Equities: While market sentiment and valuations may cap listing gains to 0-5 per cent, NTPC Green Energy's focus on green hydrogen, chemicals, and battery storage positions it as a key player in India’s energy transition. Tapse advises long-term investors to hold despite short-term volatility.
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