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Shares of government company IREDA are making waves. Shares of Indian Renewable Energy Development Agency (IREDA) rose 15% on Thursday to Rs. was 68.91. The company’s shares have risen 115% in just two days. In the IPO, IREDA shares were offered to investors at Rs. 32 and now it is Rs. 68.91 has been reached. Investors who invested in IREDA’s IPO more than doubled in just two days.
Shares of the company in IPO Rs. 32 were purchased
The price band of IPO of government company IREDA is Rs. was 30-32. Shares of the company in IPO Rs. 32 have been allotted. IREDA shares were listed at Rs 50 on 29 November 2023. The company’s shares are listed at a premium of over 56 percent. After the listing, the shares of the company had a tremendous jump and it was Rs. closed at 59.99. On Thursday, the shares of the state-owned company were now Rs. has reached the level of 68.91.
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Bets were placed more than 38 times on the IPO
The IPO of Indian Renewable Energy Development Agency (IREDA) was subscribed a total of 38.80 times. Retail investors subscribed 7.73 times the quota in the company’s IPO. At the same time, the quota of non-institutional investors was subscribed 24.16 times. While in the Qualified Institutional Buyers (QIB) category, 104.57 times the stake was placed. The company’s IPO was subscribed 9.80 times the employee quota. In a company’s IPO, retail investors can bid for a minimum of 1 lot and a maximum of 13 lots.
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