NTPC Green Energy shares debuted on November 27 at ₹111.50, reflecting a modest premium. Despite a subdued start, the stock rose to ₹122.65, with analysts recommending a long-term investment strategy due to strong fundamentals in India’s renewable energy sector.

NTPC Green Energy made its debut on the stock market on Wednesday, November 27, with a somewhat lukewarm reception.

In addition to debt repayment and other basic business needs, the Rs 10,000 crore IPO proceeds will be invested in NTPC Renewable Energy.

Shares of NTPC Green, which launched its initial public offering (IPO) for public subscription from November 19 to November 22, debuted on the stock exchange today at a 3.2% premium over IPO price. The stock debuted at Rs 111.

NTPC Green Energy shares rose in their trading debut after it raised more than $1 billion in its initial public offering, becoming the latest Indian company to tap a buoyant equity market. Shares were recently at 122.

(Reuters) -Shares of India's NTPC Green Energy, the renewable energy arm of power producer NTPC surged 11.9% in trading debut on Wednesday as investors bet on the country's growing clean energy needs.

NTPC shares rose 2.3%, while NTPC Green Energy debuted with a 3.25% premium. Experts recommend holding for long-term growth amid the company’s expansion into renewable energy and storage.

A wholly subsidiary of NTPC Limited, NTPC Green Energy Limited has partnered with Maharashtra State Power Generation Company Limited (MAHAGENCO), the company on Tuesday (November 26) announced through an exchange filing.