NTPC Green Energy Shares Dip as Shareholder Lock-In Expires
NTPC Green Energy Shares Dip as Shareholder Lock-In Expires
NTPC Green Energy Shares Dip as Shareholder Lock-In Expires
Shares of NTPC Green Energy Ltd. fell over 6% on February 24, 2025, as a three-month shareholder lock-in period ended, allowing existing shareholders to sell their shares.
**New Delhi, February 24, 2025** – Shares of NTPC Green Energy Ltd., the in early 2025 listed subsidiary of NTPC, fell over 6% to Rs 99.18 in morning trade on February 24, extending losses for a second session as its three-month shareholder lock-in period came to an end.
Key Developments
Shareholder Lock-In Ends
18.33 crore shares, representing 2% of the company’s outstanding equity, became eligible for trading on February 24, 2025.
- The end of the lock-in does not necessarily mean all these shares will hit the market, but it allows existing shareholders the option to sell.
- NTPC continues to hold an 89% stake in NTPC Green Energy following its partial divestment during the IPO.
Financial Performance
NTPC Green Energy posted a strong 52.3% jump in net profit for the quarter ended December 2025, with profit after tax (PAT) rising to Rs 89.4 crore from Rs 58.7 crore in the same period in late 2024.
- The renewable energy firm’s revenue grew 4.1% year-on-year to Rs 460.9 crore, compared to Rs 442.6 crore in Q3 FY24.
- However, EBITDA (earnings before interest, taxes, depreciation, and amortization) declined 2.3% to Rs 384.6 crore from Rs 393.6 crore a year ago.
- The company’s EBITDA margin also narrowed, falling to 83.5% from 88.9% in Q3 FY24.
Market Performance
NTPC Green Energy shares made a modest stock market debut on the National Stock Exchange (NSE) at a premium of over 3% on November 27, 2025, days after the Rs 10,000 crore issue was subscribed 2.42 times in the primary market.
- As of 9:20 am on February 24, 2025, shares of the company were trading at Rs 101, lower by 4.2% from the last close on the NSE.
- NTPC Green shares have not had a good start to the year, having crashed over 17% year-to-date.
Background & Context
NTPC Green Energy
NTPC Green Energy is a ‘Maharatna’ central public sector enterprise with a renewable energy portfolio, including solar and wind power assets.
Shareholder Lock-In
Shareholder lock-in periods are common in initial public offerings (IPOs) to prevent early selling by investors and stabilize the share price. The lock-in period for NTPC Green Energy’s IPO ended on February 24, 2025.
Expert Insights
“The end of the lock-in period for NTPC Green Energy is a significant event, as it allows existing shareholders to sell their shares for the first time,” said Mr. Alok Singh, an analyst at Nuvama Alternative & Quantitative Research. “However, it is important to note that the end of the lock-in does not necessarily mean that all these shares will hit the market. It simply gives existing shareholders the option to sell.”
“NTPC Green Energy has performed well since its IPO, with strong financial results and a growing renewable energy portfolio,” said Ms. Sonia Gupta, an analyst at ICICI Securities. “However, the recent decline in the share price may be due to profit-taking by investors after the end of the lock-in period.”
Looking Ahead
The performance of NTPC Green Energy shares in the coming months will depend on a number of factors, including the company’s financial performance, the overall market conditions, and the outlook for the renewable energy sector. Investors should carefully consider all these factors before making any investment decisions.
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