GMP, price, date, review, and other facts of IREDA IPO open today
India Renewable Energy Development Agency (IREDA) opened its IPO on November 21, 2023. Issue closes November 23, 2023. The company aims to raise ₹2,150.21 crore through the IPO.
IRDA IPO GMP
Today, the grey market premium (GMP) for IREDA IPO is ₹7. Investors are willing to pay ₹7 per share over the issue price of ₹30 to ₹32 per share.
IRDA IPO pricing
The price range for the IREDA IPO is ₹30 to ₹32 per share.
Date of IRDA IPO
The IREDA IPO will begin on November 21 and end on November 23, 2023.
IRDA IPO lot size
One lot of the IPO has 460 business shares.
Size of IRDA IPO
The IREDA IPO is projected to raise ₹2,150.21 crore.
Review of IRDAE IPO
Many analysts recommend the IREDA IPO. The company has a great track record and is well-positioned to gain from India’s renewable energy sector expansion.
Should you join IREDA IPO?
Your investing goals and risk tolerance determine whether you should apply for the IREDA IPO. If you want a long-term renewable energy investment, consider the IREDA IPO. However, risk-averse investors may prefer other investments.
Additional details about the IREDA IPO:
IREDA IPO will be listed on BSE and NSE.
- The book-building issue opens November 18 and closes November 20, 2023.
- QIBs will get 50%, retail investors 30%, and non-institutional buyers 20%.
This is not investment advice. You should consult a financial counselor before investing.
This post provides information only, not investment advice. Talk to a financial counselor before investing.