IREDA IPO opens on November 21, price band set at ₹30-32 per share

livemint.com:

₹30 to ₹32 per equity share of face value of ₹10. IREDA IPO opens for subscription on Tuesday, November 21, and closes on Thursday, November 23.

The allocation to anchor investors for Indian Renewable Energy IPO is scheduled to take place on Monday, November 20. Also Read: Tata Technologies IPO to open for subscription on November 22.

Details here The floor price is 3 times the face value of the equity shares and the cap price is 3.20 times the face value of the equity shares. The price/earnings ratio based on diluted EPS for fiscal 2023 at the floor price is 7.94 times and at the cap price is 8.47 times.

IREDA IPO lot size is 460 equity shares and in multiples of 460 equity shares thereafter. IREDA IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.