Bernstein’s Nikhil Nigania Breaks Down NTPC Green IPO's Premium

While the listing of NTPC Green has drawn strong investor interest, questions persist about whether the company’s IPO valuation exceeds its inherent value. Nikhil Nigania, director at Bernstein, noted that while the valuation might seem stretched, factors such as NTPC's borrowing advantages as a public sector 'Maharatna' and the government’s push for 500 GW of renewable energy capacity by 2030 justify the premium.