Shares of NTPC Green, which launched its initial public offering (IPO) for public subscription from November 19 to November 22, debuted on the stock exchange today at a 3.2% premium over IPO price. The stock debuted at Rs 111.

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 stock listed at 111.

The stock got listed at Rs 111.60 on BSE, a premium of 3.33 per cent over its issue price of Rs 108. As the session progressed, the stock jumped 10 per cent to hit its upper price band of Rs 122.75 as compared to its listing price of Rs 111.

Shares of NTPC Green Energy rose 10% to Rs 122.75 on the BSE following its flat debut at Rs 111.6, a 3.25% premium over the IPO price of Rs 108. The stock has surged 13.65% from the issue price. Experts recommend NTPC Green Energy as a strong long-term investment in India’s renewable energy sector,

By 10:40 am, NTPC Green shares climbed further to Rs 120.80, signalling strong post-listing momentum. The upward movement in NTPC Green's share price defied expectations of a muted debut.

The price band of the IPO was fixed at Rs 102-108 per share with each equity share having a face value of Rs 10.

The listing surpassed modest expectations, supported by slightly improved market sentiment.” “As a wholly-owned subsidiary of NTPC Ltd., the company benefits from a robust and diversified portfolio across geographies and off-takers.