Read on the application
Shares of IREDA, a company that provides multibagger returns in 15 days, have crashed. Shares of government company IREDA fell 10 percent on Friday to Rs. closed at 108.19. This sharp fall in IREDA shares is due to profit booking. The IPO of mini gem company IREDA opened on November 21st last month and had a price band of Rs 30-32. On December 14, 2023, the company’s share was Rs. 123.37, a 52-week high for the company’s shares.
The shares rose 275% from the issue price
The IPO of government company IREDA was opened on 21 November and remains open till 23 November 2023. The company’s IPO price band is Rs. was 30-32. The shares of the company were allotted at a price of Rs.32. Shares of Mini Ratna Company IREDA on November 29 were Rs. 50 were listed. After the listing, the shares of the company have risen tremendously. On 14 December 2023, the shares of IREDA will be Rs. reached 123.37. The company’s shares have jumped 275% from the issue price. Investors who got company shares in the IPO have become rich.
Also Read- 1374 crore work received from Ministry of Railways, shares of bullet train split
Bets were placed more than 38 times on the IPO
The IPO of state-owned Indian Renewable Energy Development Agency (IREDA) was subscribed a total of 38.80 times. The public company’s IPO was oversubscribed 7.73 times in the retail investor category. At the same time, Non-Institutional Investors (NII) quota received 24.16 times subscription. While Qualified Institutional Buyers (QIB) quota has received 104.57 times subscription. The company’s IPO was oversubscribed 9.80 times in the employee category. In IREDA’s IPO, retail investors can bid for a minimum of 1 lot and a maximum of 14 lots. One lot of IPO consists of 460 shares.
Also Read- Meter Manufacturing Company Gets ₹1026 Crore Order, Plunder to Buy Shares