NTPC Green Energy Shares Tanks 6% Post Lock-In

NTPC Green Energy’s share price fell by 6% on December 26, 2024, as the one-month lock-in period for IPO anchor investors ended. This allowed 1.83 crore shares, or 2% of the company’s total stake, to become eligible for trading. Despite the drop, the stock has gained 9% since its market debut on November 29, 2024.

The company raised Rs 10,000 crore through its IPO, which was entirely a fresh issue of equity shares. NTPC Green Energy is a ‘Maharatna’ public sector enterprise with a portfolio of renewable energy assets, including solar and wind power. The IPO proceeds will help repay or prepay loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), with the remaining funds for general corporate purposes.