IREDA, a public sector company, saw its share price rise by over 14% on Friday, reaching Rs. 73.67. The share price of IREDA reached its highest level in 52 weeks on Friday, closing at Rs. 64.20 the day before. The company’s IPO, which had decreased to Rs. 32 fifteen days ago, has doubled investors’ money in just 15 days. The shares of the company have increased from Rs. 32 to Rs. 73, showing significant growth.
IREDA’s IPO opened on November 21 and remained open until November 23. The company’s IPO was priced in the range of Rs. 30-32 for investment. The company’s shares were allotted at Rs. 32 in the IPO. The shares of the company were listed at Rs. 50 on November 29, 2023. The share price of the government-owned company jumped to Rs. 73.67 on Friday, December 8, 2023. The company’s shares have given investors returns of over 100% in the past 15 days.
The IPO received a strong response from investors, with IREDA, the Indian Renewable Energy Development Agency Limited, receiving a total of 38.80 times subscription for its IPO. Retail investors subscribed 7.73 times, while non-institutional investors received 24.16 times subscription. Qualified institutional buyers received 104.57 times subscription. The employees’ quota in the company’s IPO was subscribed 9.80 times.
Overall, IREDA’s share price has shown significant growth, with its IPO receiving an overwhelming response from investors.
IREDA’s share price increased by more than 14% on Friday, reaching Rs. 73.67.
IREDA’s share price reached a 52-week high on Friday.
The government-owned company’s share closed at Rs. 64.20 on Thursday.
IREDA’s IPO was launched 15 days ago at Rs. 32 per share.
The company’s shares have doubled investors’ money in 15 days, increasing from Rs. 32 to Rs. 73.
IREDA’s IPO was open from November 21st to November 23rd.
The IPO was open for investment at a price band of Rs. 30-32 per share.
The company allocated its shares at Rs. 32 per share in the IPO.
The company’s shares were listed at Rs. 50 on November 29th, 2023.
The government-owned company’s share jumped to Rs. 73.67 on Friday, December 8th, 2023.
In the past 15 days, the company’s shares have provided investors with returns of over 100%.
IREDA’s IPO received a strong response from investors.
The IPO of the public sector company, IREDA, received a total oversubscription of 38.80 times.
Retail investors subscribed to the IPO 7.73 times.
Non-institutional investors received an oversubscription of 24.16 times.
Qualified institutional buyers received an oversubscription of 104.57 times.
Employees’ quota in the IPO was oversubscribed by 9.80 times.
News Title: IREDA Share Price 10 December 2023.
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