NTPC Green Energy Share Price: New PSU Lists At Premium, Jumps 14%; Check Price, And Should You Invest?

NTPC Green Energy Share Price: The much-awaited IPO was listed on Wednesday, November 26, 2024. Maharatna PSU NTPC-backed NTPC Green Energy debuted by more than 3% on BSE and NSE after its Rs 10,000 crore IPO was fully subscribed last week. The stock price has surged as much as 14% after extending its gains. Experts have suggested that investors who got NTPC Green via IPO hold the stock on a long-term basis, while new investors are advised to accumulate.

NTPC Green Energy Share Price BSE:

On the BSE, NTPC Green debuted at a 3.3% premium to open at Rs 111.60 apiece, compared to its IPO issue price of Rs 108.

Right after listing, the IPO witnessed stellar buying sentiment, hitting a new 52-week high of Rs 122.75 apiece registering a growth of 13.7% on BSE. From its listing price, the gains are about 10% which is an upper circuit. The stock's 52-week low is at Rs 111.60 apiece, still higher than the IPO issue price.

Currently, the stock is trading at its 10% upper circuit.

The company's market cap is at Rs 1,03,433.20 crore. The stock is listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities.

NTPC Green Energy Share Price NSE:

On NSE, the stock opened at Rs 111.50 apiece, a premium debut of 3.25% compared to the IPO issue price of Rs 108.

Currently, the stock price is trading at Rs 122.65 apiece, which is its new 52-week high and 10% upper circuit on NSE, rising by 13.6%. The company's market cap is at Rs 1,03,348.93 crore.

Should You Invest In NTPC Green Energy Share Price?

Prashanth Tapse, Senior VP (Research), Mehta Equities said, that despite the selloff mood in the market and expensive valuations, NTPC Green Energy, the leading player in India's renewable energy sector received a decent demand from NII & Retail investors while NII stayed back with low interest. We believe NTPC Green Energy Ltd IPO is an opportunity to invest in a leading player in India's renewable energy sector, backed by the formidable resources and expertise of NTPC Ltd as a Long term strategy only.

Further, Tapse added that 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.

To investors, Tapse said, allotted investors should not expect any big listing gains due to the market scenario. While long term investors should consider the company to HOLD IT FOR LONG TERM despite knowing short-term volatility in the markets and competitive pressures in the sector. For non-allotted investors, we advise to accumulate if the listing is around the issue price.

The IPO was an entirely fresh issue worth Rs 10,000 crore and opened on Tuesday, November 19, 2024. Subscription closed on Friday, November 22, 2024. The price band for the Offer was determined at Rs 102 - Rs 108 per equity share. The IPO subscribed 2.42 times on the last day of subscription.