Shares of India's NTPC Green Energy, the renewable energy arm of power producer NTPC, jumped as much as 14% in their trading debut on Wednesday, as investors bet on the country's growing clean energy needs.

Backed by the Abu Dhabi Investment Authority (ADIA), the green energy arm of NTPC, one of the largest renewable energy public sector enterprises in India, saw its stock jump to Rs 122.65 per share on the NSE by 1pm local time, up 13.56% from a listing price of INR 111.50.

NTPC Green Energy shares debuted on November 27 at ₹111.50, reflecting a modest premium. Despite a subdued start, the stock rose to ₹122.65, with analysts recommending a long-term investment strategy due to strong fundamentals in India’s renewable energy sector.

India's NTPC Green Energy, the renewable energy arm of power producer NTPC climbed 3.24% in pre-open debut trade on Wednesday as traders bet on the country's growing clean energy needs. The stock listed at 111.

Following a Rs 10,000-crore IPO that was subscribed 2.42 times, NTPC Green Energy made its stock market debut on Wednesday.

NTPC Green Energy’s IPO debuted on November 27 at ₹111.5 on NSE, a 3.2% premium over the issue price. The IPO, valued at ₹10,000 crore, saw strong demand, closing 2.55 times oversubscribed, with retail investors booking 3.

NTPC Green Energy made its debut on the stock market on Wednesday, November 27, with a somewhat lukewarm reception.

NTPC Green Energy, the renewable energy arm of state-owned NTPC , garnered bids worth 154.06 billion rupees ($1.83 billion) on Friday for its $1.2 billion initial public offering, as investors bet on the country's growing clean energy needs.

In addition to debt repayment and other basic business needs, the Rs 10,000 crore IPO proceeds will be invested in NTPC Renewable Energy.

NTPC Green Energy shares rose in their trading debut after it raised more than $1 billion in its initial public offering, becoming the latest Indian company to tap a buoyant equity market. Shares were recently at 122.