Read on the application
Government company Indian Renewable Energy Development Agency (IREDA) has made a strong entry in the stock market. The company’s shares are listed in the market with a premium of over 56 percent. IREDA shares IPO at Rs. 32 were purchased. Shares of the company traded on the Bombay Stock Exchange (BSE) on Wednesday at Rs. 50 were listed. That is, the investors who got shares of the company in the IPO on the first day received Rs. 18 was a huge profit. The company’s shares also traded on the NSE at Rs. 50 is listed.
After the listing, the company’s shares rose
After the listing, IREDA’s shares have seen a further rise. Company shares Bombay Stock Exchange (BSE) with a surge of 7.68% and Rs. reached 53.84. IREDA’s IPO was open for subscription on 21 November 2023 and remained open till 23 November. The total size of public issue of government company IREDA is Rs. 2150.21 crores.
Also Read- This IPO Opens Today, Price Band ₹ 126, Investment Opportunity
Bets have been placed on the IPO more than 38 times
The IPO of government company IREDA has been subscribed a total of 38.80 times. Retail investors subscribed 7.73 times the quota in the company’s IPO. Non-Institutional Investors (NII) quota has been subscribed 24.16 times. The Qualified Institutional Buyers (QIB) quota in the IPO has been subscribed 104.57 times. IREDA’s IPO has been subscribed 9.80 times the quota of employees. In an IPO of a government company, retail investors can bid for a minimum of 1 lot and a maximum of 13 lots. Before the IPO, the government’s stake in the company was 100%, which will now be reduced to 75%.
Also Read- Warren Buffett’s Will: This veteran investor will donate over 99% of his wealth.