India's NTPC Green Energy , the renewable energy arm of power producer NTPC climbed 3.24% in pre-open debut trade on Wednesday as traders bet on the country's growing clean energy needs.

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

The much-awaited IPO was listed on6, 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.

By 10:40 am, NTPC Green shares climbed further to Rs 120.80, signalling strong post-listing momentum. The upward movement in NTPC Green's share price defied expectations of a muted debut.

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

The $1.2 billion initial share offering of the renewable-energy arm of top Indian power producer NTPC Ltd. was fully sold on the last day of its sale as investors clamor for exposure to the rapidly expanding sector.

NTPC Green Energy, the renewable energy arm of state-owned NTPC, garnered bids worth 154.06 billion rupees ($1.83 billion) on Friday for its $1.2 billion initial public offering, as investors bet on the country's growing clean energy needs.

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.

NTPC Green Energy Shares Set to List on D-Street Today, November 27th: The NTPC Green Energy IPO, which opened for subscription on November 19 and closed on November 22, 2024, is set to list today. This ₹10,