New Delhi. Shares of NTPC Green Energy got listed on the exchanges today. The listing was exactly as expected. It was listed on the National Stock Exchange at Rs 111.50, while the upper price band of the IPO was Rs 108. The stock did not make investors happy by listing with a return of only 3 percent. But in the next one hour, it made investors happy. NTPC Green hit an upper circuit of 10 percent on the very first day and reached 122.65. Although the circuit opened, the price did not fall much.

In this way, the stock was up 13.56 percent from its IPO price of Rs 108 per share. Investors bet on India's growing clean energy needs and efforts to 

Reuters, citing Dealogic data, reported that NTPC Green's IPO is the largest in the country's renewable energy industry. NTPC Green plans to use the proceeds from the share sale to repay the debt of its unit NTPC Renewable Energy, while parent company NTPC will not reduce its stake. Such information was given in the draft papers.

What should investors do now?
Prashant Tapase, Senior VP (Research), Mehta Equities, told Moneycontrol that NTPC Green Energy Limited is a great opportunity for long-term investors to invest in a major player in India's renewable energy sector. He said, "Allotted investors should consider holding it for the long term even considering the short-term volatility in the market. For those who have not got this IPO, we advise them to buy it if the listing is around or below the issue price."