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.

Considering all the parameters along with decent subscription demand and followed by market sentiments, the stock can list on neutral to flat, analysts said

NTPC GREEN ENERGY . Shares of NTPC Green Energy will make their market debut today. Investors will closely monitor the stock's performance on its first trading day. ADANI GROUP ST

The company received a total of Rs 15,406 crore from investors. The retail investors bid for 293 million shares against 81.48 million shares.

The shares of NTPC Green Energy are set to debut on Dalal Street today (November 27). While the IPO garnered strong interest from retail investors, the current grey market premium (GMP) indicates a potentially subdued listing.

State-owned NTPC on Tuesday said its arm has set up a 50:50 joint venture with Maharashtra State Power Generation Company Ltd.

A day ahead of its stock market debut, NTPC Green Energy launched a 50:50 joint venture with the State-run Maharashtra State Power Generation Company Limited. Shares closed lower on Tuesday's market before the announcement.

Delhi-based NTPC Green Energy is selling its shares in the price band of Rs 102-108 apiece. Investors can apply for a minimum of 138 shares and its multiples thereafter.