Read on the application
The IPO of the government company Indian Renewable Energy Development Agency is going to open tomorrow i.e. on 21st November. Investors will have an opportunity to subscribe to the IPO till November 23. The price band of the IREDA IPO was fixed at Rs 30 to Rs 32 per share. Tell us other details including GMP –
The company has created one lot of 460 shares. Due to which investors have to bet at least Rs 14,720. Any retail investor can bet on a maximum of 13 lots. Allotment of shares of IREDA IPO is scheduled to take place on 29 November 2023. The stock market listing of the company will take place on December 4, 2023.
How much is GMP?
According to a report by a top stock broker, the company’s shares today i.e. Monday in the gray market traded at Rs. were trading at a premium of 7. That means the company can give investors a return of up to 21 percent on the first day. Which will be called excellent in terms of IPO. Let us tell you that GMP changes every day.
The government’s total stake in IREDA IPOs is currently 100 percent. Which will reduce to 75 percent after the IPO. Let us tell you that the size of the IPO is 2150.21 crore rupees.