Read on the application
The IPO of Indian Renewable Energy Development Agency (IREDA) is in tremendous demand. The IPO of government company IREDA has been completed on the first day itself. The company’s IPO is almost double subscribed on the first day and all IPO categories are filled. IREDA shares are making waves in the gray market as well. Shares of government company IREDA are trading in the gray market at a premium of around 30 percent.
All the categories were filled on the first day itself
The IPO of government company IREDA was subscribed a total of 1.98 times on the first day. The retail quota of the company’s IPO was subscribed 2.02 times on the first day. At the same time, Non-Institutional Investors (NII) category has received 2.74 times subscription. The Qualified Institutional Buyers (QIB) quota has been subscribed 1.34 times on the first day itself. While in the category of employees, 2.13 times compensation has been received.
Also Read- 2100% Rapid Increase, This Giant Buys Over 5 Lakh Shares
Share Rs. More than 40 can be listed
The price band of IREDA IPO is Rs. 30-32 is. The company’s shares are trading at a premium of Rs.9 in the gray market. If the shares of a government company are Rs. If allocated at the upper price band of 32, the company’s shares will be Rs. 41 may be listed around. That is, investors who will be allotted company shares in the IPO can expect a premium of around 30 percent on the day of listing. Shares of the company on December 4 Bombay Stock Exchange And National Stock Exchange But will be listed. The company’s IPO is open for subscription till November 23. Retail investors can bid for a minimum of 1 lot and a maximum of 13 lots in a company’s IPO. One lot of IPO consists of 460 shares.
Also Read- This IPO takes the gray market by storm, signaling a profit of ₹60 per share.