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 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 NTPC Green Energy is wholly owned renewable energy arm of the NTPC (National Thermal Power Corp.) was listed on the NSE and BSE with premium of 3.2 per cent over the upper end of the price band, Rs 108 per share.

The IPO was subscribed to a total of 2.55 times more than the offered shares. The retail investors booked the issue 3.6 times.

The GMP for the NTPC Green Energy IPO stood at Rs 2 per share, as of 8:57 a.m. on Nov. 26, according to InvestorGain. This indicates that the company’s shares may list at Rs 110 per share, with a listing gain of 1.85%.

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.

NGEL shares rallied 10 per cent post-listing on Wednesday. NTPC Green Energy shares were listed at ₹111.50 and ₹111.60 on the NSE and BSE, respectively, at a 3.2/3.3 per cent premium over the IPO price of ₹180.

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.