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

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

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.

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.

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’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.

NTPC Green, Waaree Energies, Hyundai Motor India, among 50 companies whose shares will go through the IPO lock-in exit period; check the full list here

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.

NTPC Green Energy Ltd., a subsidiary of the state-owned NTPC Ltd., saw its shares rise by 5% following a 12% gain on its listing day this past Wednesday. The stock surged after the company announced the commencement of commercial operations for the first phase of its Shajapur Solar Project in Madhya Pradesh.

NTPC Green will not be able to get the support of NTPC for the incremental equity requirements, as was the case till now. As a corollary, NTPC’s cash generation will be restricted to lower-growth coal opportunities,