NTPC Green Energy Limited (NGEL), the renewable energy arm of NTPC, made its stock market debut on Wednesday. The company's shares were listed on the BSE at Rs 111.60 per share, representing a 3.33% premium over the issue price of Rs 108. The shares were also listed on the NSE at Rs 111.50, a marginal premium of 3.24%.

The listing was in line with grey market premium (GMP) estimates, with the stock trading just Rs 1 above the issue price. Although investors were expecting bigger returns, market pressures, and limited demand dampened the performance a bit.

Retail investors showed the most enthusiasm.m

NTPC Green Energy's IPO was entirely based on a fresh issue of 92.59 crore shares, offered in the price band of Rs 102-108. The IPO received 2.42 times oversubscription, with retail investors showing the most interest.

• Retail investors subscribed to the shares reserved for them 3.44 times.
• Institutional buyers (QIBs) recorded 3.32 times subscription.
• Non-institutional investors (NIIs) showed little enthusiasm, with theisubscriptionson standing at just 0.81 times.
• The reserve portions for employees and shareholders were filled 0.80 times and 1.60 times respectively.

Company Vision: Aims to be a leader in green energy

NTPC Green Energy is an important part of NTPC's green energy strategy. The company aims to achieve 60 GW of renewable energy capacity by 2032.

The company participates in competitive tenders, bidding, ing and Ultra Mega Renewable Energy Power Parks (UMREPP). Along with this, the company is working towards strengthening its presence in India and internationally.

Future Prospects and Message for Investors

Although the listing performance of NTPC Green Energy was relatively muted, the prospects for the company are bright in the long term term. Due to increasing investments and government policies in the green energy sector, the company's shares may perform well in the future.

The capital raised from the IPO will be used to strengthen NTPC Green Energy's capacity expansion plans and competitive edge. This could be a long-term opportunity for investors.

investment advice

Given the company's green energy strategy and the government's renewable energy priorities, NTPC Green Energy can prove to be a strong long-term bet.