NTPC Green listed in the market, Upper Circuit climbed on the first day. Buy for long term or sell with profit.

Hello Friends! The topic of our blog post today is the recent listing of “NTPC Green Energy” and its performance in the market. The company, which is the renewable energy arm of NTPC, made a muted listing on the bourse on November 27, following which its shares were locked in the 10 per cent upper circuit, taking the company's market capitalization to Rs 1.03 lakh crore.

Its launch in the stock market was predictable. It debuted at Rs 111.6, marginally higher by 3 per cent, while it was listed at Rs 111.5 per share on the NSE. The IPO, which closed for subscription on November 22, was oversubscribed by 2.42 times, with strong demand from retail investors.

This Rs 10,000 crore IPO, the second largest by a PSU major, involved a fresh issue of 92.59 equity shares. The price band of the issue was fixed at Rs 102-108 per share. The company had offered this issue for investment in its wholly owned subsidiary, NTPC Renewable Energy (NREL), to repay or pre-pay certain outstanding borrowings taken by NREL and for other general corporate purposes. .

Although most analysts and experts remained positive on this listing for a long time, they had also raised the possibility of a muted listing.

Shivani Nyati, Head of Wealth, Swastika InvestorMart, says the listing exceeded modest expectations, supported by slightly improved market sentiment. According to him, the company's long-term prospects make it suitable for investors with a long-term mindset.

Zee Business Managing Editor believes that this stock will list near its issue price. He advised investors to subscribe for it with a three-year perspective.

According to Prashant Tapase, Mehta Equities, even though market sentiment and valuations may limit listing gains to 0-5 per cent, NTPC Green Energy's focus on green hydrogen, chemicals and battery storage makes it an important player in India's energy transition. Establishes as a player. He advises investors to hold on despite short-term volatility.