{"id":5173,"date":"2024-11-27T10:25:08","date_gmt":"2024-11-27T04:55:08","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5173"},"modified":"2024-11-27T10:25:09","modified_gmt":"2024-11-27T04:55:09","slug":"ntpc-green-energy-shares-debut-with-a-3-24-premium-on-nse","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ntpc-green-energy-shares-debut-with-a-3-24-premium-on-nse\/","title":{"rendered":"NTPC Green Energy Shares Debut with a 3.24% Premium on NSE"},"content":{"rendered":"\n<p>Shares of <strong>NTPC Green Energy<\/strong> had a steady stock market debut on November 27, listing at <strong>Rs 111.50<\/strong> on the National Stock Exchange (NSE), marking a <strong>3.24% premium<\/strong> over its IPO price of <strong>Rs 108<\/strong> per share. On the <strong>BSE<\/strong>, the shares opened at <strong>Rs 111.60<\/strong>, reflecting a similar <strong>3.33% premium<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Highlights<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Rs 10,000 crore IPO<\/strong> was subscribed <strong>2.42 times<\/strong>, indicating solid demand from investors.<\/li>\n\n\n\n<li>The listing price exceeded expectations, as the <strong>Grey Market Premium (GMP)<\/strong> for the stock had remained flat prior to its debut.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Company Profile<\/strong><\/h3>\n\n\n\n<p><strong>NTPC Green Energy<\/strong>, a &#8216;Maharatna&#8217; public sector enterprise, focuses on renewable energy with a portfolio including <strong>solar and wind power projects<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>IPO Proceeds<\/strong><\/h3>\n\n\n\n<p>Funds raised from the IPO will be primarily used for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Repaying or prepaying loans of <strong>NTPC Renewable Energy Ltd (NREL)<\/strong>, its subsidiary.<\/li>\n\n\n\n<li>General corporate purposes to enhance the company\u2019s operational efficiency.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Strategic Developments<\/strong><\/h3>\n\n\n\n<p>NTPC Green Energy has signed a 50:50 joint venture agreement with Maharashtra State Power Generation Company Ltd, MAHAGENCO. Accordingly, the Joint Venture, named as MAHAGENCO NTPC Green Energy Private Limited- MNGEPL, which will be for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Develop and manage renewable energy parks in Maharashtra under the <strong>Ultra Mega Renewable Energy Power Parks (UMREPP)<\/strong> scheme.<\/li>\n\n\n\n<li>Facilitate the development of renewable energy projects in the state.<\/li>\n<\/ul>\n\n\n\n<p>The joint venture underscores NTPC Green Energy&#8217;s commitment to expanding its presence in India\u2019s renewable energy sector, which aligns with the government&#8217;s focus on sustainable energy development.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/ntpc-green-energy-shares-list-at-3-24-premium-over-ipo-price-on-nse-12877181.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/ntpc-green-energy-shares-list-at-3-24-premium-over-ipo-price-on-nse-12877181.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of NTPC Green Energy had a steady stock market debut on November 27, listing at Rs 111.50 on the National Stock Exchange (NSE), marking a 3.24% premium over its IPO price of Rs 108 per share. On the BSE, the shares opened at Rs 111.60, reflecting a similar 3.33% premium. Key Highlights Company Profile [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[661],"class_list":["post-5173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ntpc-green-energy"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5173"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5173\/revisions"}],"predecessor-version":[{"id":5175,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5173\/revisions\/5175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5174"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}