In this article, we are going to talk about the IREDA IPO. Indian Renewable Energy Development Agency (IREDA) is a government firm, which has a miniratna status (Category 1) government business. It was established in 1987 and its headquarters is in India Habitat Centre, Lodhi Road, New Delhi. IREDA IPO of the three-day subscription closed on Thursday, 23 November 2023 and now applicants have been waiting for the IREDA allocation date, which is anticipated any time today. Thousands of people must be super keen to know about the whole information. Here we have more information about it and we will share it with you in this article.
According to the IREDA IPO subscription status, the public issue received subscribed 38.80 times whereas its retail operation obtained subscribed 7.73 times. T+3 schedule reported IREDA IPO allocation date is most possible today because Monday will be a stock holiday for Gurunanak Jayanti. Meantime, after powerful subscription status in three days of bidding, the grey market went further bullish on the public issue. IREDA Ltd has been available at a bonus of ₹11 in the grey market today. Scroll down to the next page for more information about it.
IREDA IPO GMP today – IREDA IPO grey market premium (GMP) today is ₹11, which is Re 1 more elevated from its Thursday GMP of ₹10. It is also reported that the public issue got a powerful reaction from primary market investors despite range-bound ideas on Dalal Street. Stock market specialists kept that GMP is not an ideal indicator of the triumph or defeat of an IPO. Sometimes GMP turns artificial as it involves those people who have a high stake in the public issue. You are on the right page for more information so please read the complete article will the end.
IREDA IPO subscription status and listing date
As far as we know, after three days of bidding from 21 to 23 November 2023, IREDA IPO subscription status offers that the public issue got subscribed 38.80 times whereas its retail portion got subscribed 7.73 times. According to the T+3 schedule, the IREDA IPO listing date would be the third trade session after the closure of the subscription. As Monday will be a stock market holiday, the IREDA IPO listing date is most possible on Wednesday next week i.e. 29th November 2023. The firm IPO allocation may be declared any time today. Here we have shared all the information that we had. Stay tuned to us for more updates.