The share price of Indian Renewable Energy Development Agency (IREDA) has seen a significant increase since its listing in the stock exchange. After listing, the share price of IREDA rose by 115% to reach Rs 68.91. However, on 1st December 2023, the share price experienced a slight decline of 0.31% and was trading at Rs 65.10. This rapid increase in share price has resulted in a doubling of investment for shareholders within just two days. IREDA had set the share price range for its IPO at Rs 30-32 and allocated shares at Rs 32 per share. The company’s shares were listed on 29th November 2023 at a premium of over 56%. The share price of IREDA reached a peak of Rs 68.9 during Thursday’s trading session.
During the IPO of IREDA, there was an overwhelming demand as the issue received bids that were 38.80 times higher than the total shares on offer. The retail investor quota was oversubscribed by 7.73 times, while the reserved quota for non-institutional investors was oversubscribed by 24.16 times. Qualified institutional buyers subscribed to the reserved quota by 104.57 times, and the employees’ reserved quota was oversubscribed by 9.80 times. In this IPO, retail investors had the option to purchase a minimum of 1 and a maximum of 13 lots.
IREDA Share Price on 2nd December 2023:
1. On Thursday, during the trading session, IREDA’s share price increased by 15% and reached Rs. 68.91.
2. Since being listed on the stock exchange, IREDA’s share price has seen a growth of 115%.
3. IREDA had allotted shares to shareholders at a price of Rs. 32, and the share price had reached a high of Rs. 68.91.
4. On Friday, 1st December 2023, IREDA’s share price was trading at Rs. 65.10, experiencing a decrease of 0.31%.
5. IREDA has doubled the investment of its investors in just two days.
6. The company had set the price range for its IPO at Rs. 30-32 per share and allocated shares to investors at Rs. 32.
7. IREDA’s shares were listed on 29th November 2023 at Rs. 50 per share, with a premium of more than 56%.
8. During Thursday’s trading session, IREDA’s share price touched a high of Rs. 68.90.
9. The IPO for Indian Renewable Energy Development Agency (IREDA) received bids that were 38.80 times higher than the offered shares.
10. The retail investors’ reserved quota was oversubscribed by 7.73 times, and the non-institutional investors’ reserved quota was oversubscribed by 24.16 times.
11. The qualified institutional buyers’ reserved quota was oversubscribed by 104.57 times, and the employees’ reserved quota was oversubscribed by 9.80 times.
12. Retail investors were allowed to purchase a minimum of 1 and a maximum of 13 lots in this IPO.
News Source: [IREDA Share Price 2 December 2023](https://www.example.com)
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