The shares of NTPC Green Energy were listed at Rs 111.50 per share on the NSE on 27 November. A premium of 3.24% over the IPO price of Rs 108 per share was booked.
The stock saw a muted listing on the exchanges on November 27.
The stock was up 13.56% in the morning trade from its IPO price on the exchanges. It hit the upper circuit and was locked in the highest permissible trade limit for the day to hit Rs 122.65 per share on the NSE. It is a renewable energy branch of the power producer NTPC.
On BSE, the shares were listed at Rs 111.60 per share at a premium of 3.33 percent.
About the NTPC Green Energy IPO
The company plans to use the net proceeds from its fundraising primarily for two objectives: first, to invest in its wholly-owned subsidiary, NTPC Renewable Energy Limited (NREL), to facilitate the repayment or prepayment, either in full or in part, of certain outstanding borrowings availed by NREL, and second, for general corporate purposes.
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