NTPC Green Energy shares extend post-listing gains, hit 10% upper circuit amid high volumes

NTPC Green Energy shares hit an all-time high on December 3.

NTPC Green Energy shares hit an all-time high in December 3 trade after the stock was locked in the upper circuit amid high volumes.

NTPC Green Energy stock hit the 10 percent upper circuit to quote at Rs 142.12 per share on the NSE. The stock was listed on the exchanges on November 27 at a premium of over 3 percent.

The scrip has been gaining for the last two days and has risen 13.84 percent in the period.

NTPC Green Energy shares were listed at Rs 111.50 per share on the NSE, a premium of 3.24 percent over the IPO price of Rs 108 per share.

On the BSE, the NTPC Green Energy stock was listed at Rs 111.60 apiece at a premium of 3.33 percent.

NTPC Green Energy shares have risen 32 percent over its IPO price of Rs 108 per share on the NSE. The company's market capitalization has touched Rs 1,19,755 crore on the NSE.

The company raised Rs 10,000 crore during its three-day IPO, in what was an entirely fresh issue of equity shares.

Proceeds from the IPO, about Rs 7,500 crore at the upper band, will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans, and a portion will be utilised for general corporate purposes.

NTPC Green Energy is a 'Maharatna' central public sector enterprise with a renewable energy portfolio, including solar and wind power assets.

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