NTPC Green Energy Limited (NSE: NTPCGREEN), which is the renewable energy arm of India’s NTPC Limited, made a promising trading debut, as a result of the growin

The renewable-energy arm of state-controlled power company NTPC raised 100 billion rupees in the offering.

At current market price, NTPC Green Energy is trading at an attractive valuation of 15.6 times EV/Ebitda, Elara said. Kotak had earlier suggested that NTPC Green's valuations were pricey. It suggested a 'Sell call on NTPC.

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.

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.

Delhi-based NTPC Green Energy is selling its shares in the price band of Rs 102-108 apiece. Investors can apply for a minimum of 138 shares and its multiples thereafter.

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

The IPO is all set to hit the bourses – NSE and BSE – on November 27. It was launched on November 19 and closed on November 22. The IPO raised Rs 10,000 crore from investors. The issue was subscribed to a total of 2.

NTPC Green Energy’s IPO debuted on November 27 at ₹111.5 on NSE, a 3.2% premium over the issue price. The IPO, valued at ₹10,000 crore, saw strong demand, closing 2.55 times oversubscribed, with retail investors booking 3.

The latest surge follows NTPC Green Energy’s announcement regarding the commercial operation of the first phase of its Shajapur Solar Project in Madhya Pradesh.