IREDA IPO Listing Highlights: Bumper debut on bourses, shares list at 56% premium - Buy, Sell or Hold?
IREDA IPO Listing LIVE Updates, IREDA IPO Listing Price: Shares of Indian Renewable Energy Development Agency Ltd. (IREDA) had a bumper debuted at Rs 50 apiece on the National Stock Exchange and the BSE today. This is a premium of around 56 over its IPO price of Rs 32 apiece.
Earlier, the Rs 2,150 crore-IPO was subscribed 38.80 times on its final day. The bids were led by institutional investors (104.57 times), non-institutional investors (24.16 times), portion reserved for employees (9.8 times), and retail investors (7.73 Times).
Follow Zee Business' LIVE BLOG of IREDA IPO Listing to get all the latest updates:
IREDA IPO Listing LIVE Updates, IREDA IPO Listing Price: Shares of Indian Renewable Energy Development Agency Ltd. (IREDA) had a bumper debuted at Rs 50 apiece on the National Stock Exchange and the BSE today. This is a premium of around 56 over its IPO price of Rs 32 apiece.
Earlier, the Rs 2,150 crore-IPO was subscribed 38.80 times on its final day. The bids were led by institutional investors (104.57 times), non-institutional investors (24.16 times), portion reserved for employees (9.8 times), and retail investors (7.73 Times).
Follow Zee Business' LIVE BLOG of IREDA IPO Listing to get all the latest updates:
Latest Updates
IREDA IPO Listing Price NSE, BSE LIVE Updates: Shares jump 10% after listing
Shares of Indian Renewable Energy Development Agency Ltd. (IREDA) jumped over 10 per cent to trade at Rs 55.20. The share had listed at Rs 50, at a premium of around 56 per cent.
IREDA IPO Listing Price NSE, BSE LIVE Updates: Visuals of listing of IREDA on NSE
The #NSEBell has rung in the celebration of the listing of Indian Renewable Energy Development Agency Limited (IREDA) on NSE today at our exchange @NSEIndia #NSEIndia #listing #IPO #StockMarket #ShareMarket #IREDA @ashishchauhan pic.twitter.com/QKnavM21wh
— NSE India (@NSEIndia) November 29, 2023
The #NSEBell has rung in the celebration of the listing of Indian Renewable Energy Development Agency Limited (IREDA) on NSE today at our exchange @NSEIndia #NSEIndia #listing #IPO #StockMarket #ShareMarket #IREDA @ashishchauhan pic.twitter.com/QKnavM21wh
— NSE India (@NSEIndia) November 29, 2023
IREDA IPO Listing Price NSE, BSE LIVE Updates: Bumper debut on bourses
Shares of IREDA list at around 56 per cent premium on the BSE and National Stock Exchange (NSE).
IREDA IPO Listing Price NSE, BSE LIVE Updates: Strong listing for IREDA
IREDA shares settle at Rs 50 on the BSE i.e. at a premium of 56 per cent.
IREDA IPO Listing Price NSE, BSE LIVE Updates: Should you buy after listing?
Zee Business Managing Editor Anil Singhvi has advised fresh buying if people can get the stock below Rs 40 after listing.
IREDA IPO Listing Price NSE, BSE LIVE Updates: Anil Singhvi's advice to investor
Zee Business Managing Editor Anil Singhvi advised long-term investors to hold and keep this stock in their portfolio for 2-3 years.
IREDA IPO Listing Price NSE, BSE LIVE Updates: Good listing gains
Zee Business Managing Editor Anil Singhvi had advised investors to subscribe to IREDA IPO for good listing gains.
IREDA IPO Listing Price NSE, BSE LIVE Updates: Check Anil Singhvi's view
According to Zee Business Managing Editor Anil Singhvi, the shares are expected to list around Rs 42 to Rs 45 range against the issue price of Rs 32.
IREDA IPO Listing Price NSE, BSE LIVE Updates: IPO received strong response
IREDA IPO received a strong response from investors, especially from the QIB segment, as it was subscribed 38.80 times on the last day of bidding.
IREDA IPO Listing Price NSE, BSE LIVE Updates: What does the company do?
The organisation offers a comprehensive array of financial products (fund- and non-fund-based) associated services, from project inception to post-completion, for renewable energy projects and related activities like equipment manufacturing and transmission.
IREDA IPO Listing Price NSE, BSE LIVE Updates: Subscribed 38.80 times
IREDA was subscribed 38.80 times on the last day of bidding on Thursday. It received bids for 18,27,24,58,560 shares against 47,09,21,451 shares on offer, as per NSE data.
IREDA IPO Listing Price NSE, BSE LIVE Updates: Book-running lead managers and registrar
While IDBI Capital Markets & Securities, BOB Capital Markets and SBI Capital Markets are the book-running lead managers, Link Intime India is the registrar for the issue.
IREDA IPO Listing Price NSE, BSE LIVE Updates: First issue by public sector enterprise since May
This is the first public issue by a public sector enterprise after Life Insurance Corporation's IPO in May last year.
IREDA IPO Listing Price NSE, BSE LIVE Updates: Fresh issuance of shares worth Rs 1,290 crore
IREDA IPO comprises fresh issuance of shares worth Rs 1,290 crore and an offer for sale (OFS) worth Rs 860 crore.
IREDA IPO Listing Price NSE, BSE LIVE Updates: IREDA is a Mini Ratna company
Indian Renewable Energy Development Agency (IREDA) is a state-run non-banking financial company (NBFC) and was established in 1987. It is a Mini Ratna (Category – I) Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy.