NSE to kindly proceed towards the NSE bull in the porch at the entrance for a photo. Also, ladies and gentlemen, let me tell you something about the NSE bull. The NSE bull and common man is the symbiotic relationship of the people of India and the stock exchange. A uniquely designed Indian bull along with the people of India, wherein the bull represents the capital markets and people of India — retail investor. NSE plays an important role in safeguarding investor interest and provides a safe, transparent, and compliance-driven marketplace. Indian markets have the unique distinction of active participation from retail investors from the length and breadth of the country. NSE reflects the confidence and arrears in Indian capital market. NSE has enabled the common man to participate and contribute to the Indian growth story and reap benefits of the economic growth. So, as mentioned, Shri Sriramakrishnan, Chief Business Development Officer, NSE, along with Shri Gurdeep Singh, CMD, NTPC and NGL, Shri Manoj Kumar, Joint Secretary, DIPAM, and Dr. Harish Ahuja, Head, Sustainability and Issue Relationship, NSE, are at the NSE bull outside in the porch near the entrance. They will be clicking a few pictures. Those will be cherished for times to come. And as soon as they enter this ATR of NSE, we will commence the program in keeping with NSE tradition — commences national anthem. And at the time, I will instruct all of you to rise in honor of the national anthem. Thank you.
The event will commence with the national anthem. We will commence with the national anthem. Kindly rise in its honor.
Please be seated. A very good morning, everybody. Good morning. It gives me immense delight in extending a hearty welcome to all of you, especially the esteemed dignitaries, distinguished guests, and all you invitees who are present here for an extremely special event — the listing of NTPC Green Energy Limited. Ladies and gentlemen, I, Mansi, warmly welcome everyone present at NSE's magnificent AT. We will now greet and welcome the esteemed guests and distinguished dignitaries with bouquets of flowers, beginning with Shri Sriramakrishnan, Chief Business Development Officer, NSE. Welcome, sir. Shri Gurdeep Singh, CMD, NTPC and NGL.
NGL, please accept these flowers as a token of respect and love. Shri Manoj Kumar, Joint Secretary, DIPAM, a warm welcome to you, sir. Dr. Harish Ahuja, Head, Sustainability and Issue Relationship, NSE, welcome to you. Shri Jayakumar Srinivasan, Director, Finance, NTPC and NGL. Shri K. Shanmuga Sundaram, Director, Projects, NTPC and NGL. Shri Rajiv Gupta, CEO, NGL. Shri Neeraj Sharma, CFO, NGL. And now the BRLM, the Book Running Lead Manager, Shri Mithul Shah, Head, Equity Capital Markets, HDFC Bank Limited. Shri Rajiv Verma, MD, Head Coverage, Investment Banking, Navama Wealth Management Limited. Shri Kamalkant Upadhyay, MD and CEO, IDBI Capital Market Services Limited. Shri Vasudev Jagannath, President and Head of Institutional Equities, IIFL Securities Limited.
Thank you. And now, in keeping with Indian tradition, by lighting the auspicious ceremonial lamp, this ceremony will be inaugurated. And to do the honors, I request Shri Sriramakrishnan, CBDO, NSE, Shri Gurdeep Singh, CMD, NTPC and NGL, Shri Manoj Kumar, Joint Secretary, DIPAM, Dr. Harish Ahuja, Shri K. Shanmugam, Shri Jayakumar Srinivasan, Shri Rajiv Gupta, Shri Neeraj Sharma, Shri Mithul Shah, Shri Rajiv Verma, Shri Kamalkant Upadhyay, and Shri Vasudev Jagannath. Deepo lokan jayati, deepas tejomayah, smrit chatvarn, do deepams tasmai deepam yajet. This couplet in Sanskrit translates: the lamp is luminous, its radiance grants victory, its light imparts dharma, artha, kama, and moksha — that is prosperity, pleasure, and bliss. This is the significance of a lamp, and hence a lamp should be lit. Vakratunda Mahakaya Surya Koti Samprabha, Nirvighnam Kuru Deva. A memorable moment is being captured for all of us in the form of photographs. So, ladies and gentlemen, the lamp is, we know, also a symbol of knowledge, learning, and wisdom. The lamp being lit, Lord Ganesha being propitiated, I request all the esteemed dignitaries and distinguished guests to please take their seats in the audience while I call upon Shri Mithul Shah, Head, Equity Capital Markets, HDFC Bank Limited, for the opening address. Shri Mithul Shah.
Good morning, ladies and gentlemen, distinguished guests, and esteemed members of NSE. On behalf of HDFC Bank and the BRLM syndicate, it is an honor and privilege to welcome you to this landmark event — the listing ceremony of NTPC Green Energy Limited. NGL today is not just a celebration of NGL's listing, but a testimony of the company's inspiring journey, its vision, and unwavering commitment to sustainability. NTPC Green Energy, a subsidiary of NTPC Limited, was conceived with a bold mission to lead India's green energy transformation. In just a few years, it established itself as a leading player with the goal of increasing its renewable energy capacity to 60 gigawatts by 2026 with zero. Behind this exceptional growth is a dynamic leadership team led by Mr. Gurdeep Singh and Mr. Srinivasan, and in the expertise of Mr. Rajiv Gupta and Mr. Neeraj Sharma, we have seen operational efficiency and scale being achieved at NGL. This journey has not just been about growth — it's about creating impact, from generating jobs to reducing carbon footprints. NGL is not only advancing India's energy transition but is also contributing to global climate action goals. The listing of NTPC Green on the NSE represents a major milestone. It symbolizes the company's readiness to scale new heights, engage with a broader investor community, and solidifies itself as a market leader in renewable energy. This is an opportunity for investors to participate in a company that is not only shaping the future of energy but is also deeply aligned with India's vision for sustainable development. After all, today marks just the beginning of an exciting journey ahead. As NGL begins this new chapter, I extend my heartfelt congratulations to the entire team of NTPC Green — their leadership, employees, and stakeholders who have worked tirelessly to bring us to this day. I also thank the National Stock Exchange and all the dignitaries here today for their support in making this moment a reality. Let us look forward to a brighter, greener, and more sustainable future together. Once again, welcome, and thank you for being here.
Thank you, sir, for the initial remarks. I will now request Shri Rajiv Verma, MD, Head Coverage, Investment Banking, Navama Wealth Management Limited, to address this August gathering.
Good morning, everyone. Ladies and gentlemen, as my colleague and my fellow BRLM mentioned, you know, clearly a momentous day. The listing is a milestone event in the evolution of any company — it begins its trading journey, the start of a new journey. And congratulations again to the entire management team led by Mr. Singh and the entire team who have clearly achieved this milestone. We believe there will be many more milestones along the way. Interestingly, this is probably also one of the largest IPOs published in the last five years. It's happened not only in terms of market cap but also in terms of size. It is also one of the very few IPOs to see the largest retail subscription. If you're looking at the last decade, over 8,000, and we got a lot of marquee investors including FIs, mutual funds, insurance companies. So again, I think a very strong testimony to the enthusiasm for NTPC Green and what they've delivered. So, without taking much more time, let me once again congratulate SEBI, the National Stock Exchange, and also all the intermediaries who worked closely in the success of this IPO — the legal counsel, the registrar, the auditors. Once again, thanks to each one of you, and look forward to partnering with you in your future journey. Thank you.
Thank you so very much, sir. I will now invite Shri Sriramakrishnan, Chief Business Development Officer, NSE, to please address us. Dignitaries present: Shri Gurdeep Singh, CMD, NTPC and NTPC Green Energy Limited, Shri Jayakumar Srinivasan, Director, Finance, NTPC and NTPC Green Energy Limited, Shri K. Shanmuga Sundaram, Director, Projects, NTPC and NTPC Green Energy Limited, Shri Rajiv Gupta, CEO, NTPC Green Energy Limited, Shri Neeraj Sharma, CFO, NTPC Green Energy Limited, Shri Manoj Kumar Sinha, Joint Secretary, DIPAM, Shri Mithul Shah, Head, Equity Capital Markets, HDFC Bank, Shri Kamalkant Upadhyay, MD and CEO, IDBI Capital.
Distinguished guests, board members, employees, ladies and gentlemen, very good morning to all of you. Welcome to the listing ceremony of NTPC Green Energy Limited. NSE is proud to welcome NTPC Green Energy Limited to our family of listed corporates, and this will be our 2,644th company in terms of listing on the main board during the current financial year. So far, NSE has witnessed 180 IPOs across the main board and the SME segment, with NTPC Green Energy Limited being the 53rd company to list on the main board of the exchange. NSE has a profound relationship with NTPC group, with NTPC being listed on NSE and traded in different Nifty indices, including Nifty 50, which is considered as the benchmark of Indian capital markets. India is the fourth largest capital market in the world in terms of market capitalization, after the US, China, and Japan. Market cap of NSE listed companies has grown about 109 times in rupee terms since NSE started operations way back in 1994, and now stands at 5.18 trillion dollars, which is about 436.29 lakh crore rupees. And from today onward, NTPC Green Energy Limited will be an integral part of it. NSE has more than 10.5 crore unique investors registered and trading on the platform, with more than 20 crore accounts, and we have reached more than 99.8 percent of all the pin codes in the country and covered roughly 20 percent of the households investing in the stock market. Today, the IPO with an issue size of 10,000 crores garnered a very good response, and we congratulate the entire team of NTPC Green Energy Limited, merchant bankers IDBI Capital, HDFC Bank, IIFL Securities, Navama, legal advisor J. Sagar Associates, PR agency Concept PR, and all other stakeholders who were associated with the IPO for this wonderful listing at NSE. We are committed to facilitating fund raising opportunities and making capital markets more accessible for upcoming organizations to chart their growth stories. We hope that today's successful listing of NTPC Green Energy Limited will inspire many more companies to look at public markets as a promising avenue. NSE looks forward to supporting NTPC Green Energy Limited in future fund raising endeavors as well. Thank you. Jai Hind.
