IREDA share price makes stellar debut, stock lists at 56.25% premium at ₹50 on NSE
₹50 per share, 56.25% higher than the issue price of ₹32. Indian Renewable Energy Development Agency IPO (IREDA IPO) opened for subscription on Tuesday, November 21, and closed on Thursday, November 23. IREDA IPO price band was fixed in the range of ₹30 to ₹32 per equity share of face value of ₹10.
IREDA IPO lot size was 460 equity shares and in multiples of 460 equity shares thereafter. IREDA IPO on Monday, November 20 raised a total of ₹643.26 crore from anchor investors. Also Read: IREDA IPO listing date today.
GMP, experts predict up to 30% premium Indian Renewable Energy Development Agency IPO was subscribed 38.80 times on day 3. IREDA IPO's retail investors portion was subscribed 7.73 times, NII portion was subscribed 24.16 times, and Qualified Institutional Buyers (QIB) portion is booked 104.57 times. Employee portion has been subscribed 9.80 times, as per BSE data, on day 3.
IREDA IPO was subscribed 1.96 times on day 1, and IREDA IPO subscription status was 4.56 times on day 2. IREDA IPO 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. "Exciting news! Mint is now on WhatsApp Channels
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