NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has signed an important MoU with the Industries Department of the Government of Bihar to promote renewable energy. The agreement was signed during the “Bihar Business Connect 2024” Global Investors Summit in Patna.
NTPC Green Energy’s performance in stock market
On Friday, shares of NTPC Green Energy Limited closed at Rs 132.05, down more than 2%. This decline was seen amid general market volatility.
IPO came recently
The IPO (Initial Public Offering) of NTPC Green Energy was launched on 19 December, in which investors got the opportunity to place bets on it till 22 December. The price band of the IPO was fixed at Rs 102 to Rs 108 per share.
IPO listing and initial performance
NTPC Green Energy’s IPO was listed with a premium of 3%. The company’s shares saw a rise of up to 10% on the day of listing, which created an atmosphere of excitement among investors.
Rs 10,000 crore IPO
The total size of this IPO was Rs 10,000 crore. The company issued 92.59 crore shares through this, which were completely fresh issue.
- Special benefits to employees: The company had given a discount of Rs 5 per share to its employees.
- Subscription details:
- The IPO received a total subscription of 2.55 times.
- The highest subscription of 3.59 times was recorded in the retail category.
Recent performance of shares
NTPC Green Energy shares have fallen 8.20% in the last two weeks.
- 52 week high: Rs 155.30
- 52 Week Low: Rs 111.60
The company has a total market cap of Rs 1.11 lakh crore, making it one of the leading green energy companies in India.
Objective of MOU
The main objective of this MoU with the Government of Bihar is to promote renewable energy projects in the state. This partnership between NTPC Green Energy and Government of Bihar will give rise to new opportunities in the field of green energy.
What is the message for investors?
Despite recent fluctuations in NTPC Green Energy shares, its long-term performance and the company’s green energy plans make it an attractive investment option.
