IREDA IPO Listing Day; Receives Strong Investors Response
The PSU, IREDA received a strong investor demand by listing widely and with the IPO being subscribed 38.8 times.
New Delhi: The Mini Ratna government enterprises, India Renewable Energy Development Agency (IREDA) today on November 29 made an impressive market debut by listing at a 56.25 percent premium to the issue price of Rs 32. The stock opened at Rs 50 on both NSE and BSE.
Read Also : HPCL Q3 results: Share price surges 5%, net profit rises 257% YoY to Rs 2,544 croreThe PSU, IREDA received a strong investor demand by listing widely and with the IPO being subscribed 38.8 times. The high subscription was attributed to IREDA's strong financials, its position as a leading player in the renewable energy sector, and the government's focus on promoting renewable energy development in India.
Read Also : INS Sarvekshak completes hydrographic survey; covers over 25,000 sq. nautical miles area
IREDA's strong IPO listing is a positive and powerful sign for the Indian renewable energy sector and for the overall health of the Indian stock market. Reflecting to increase the investor's interest in renewable energy companies.
Read Also : Paytm shares plunges over by 9% amid reports of ED probe in crypto scamNews Must Read
- Achyut Ghatak assumed Director (Technical) charge on Coal India Board
- SECL signs Rs 48.19 crores MoU with NIT Raipur under CSR
- HUDCO approves funds for Amaravati Construction worth Rs 11,000 Crore
- MSTC transfers 100% stake in FSNL to Konoike Transport Co as part of disinvestment
- MNRE Secretary Reviews IREDA Performance and Strategic Vision
- HUDCO Q3 results, reports 42% growth in net profit, enhances borrowing limit
- BPCL announces interim dividend of Rs 5 per equity share, 29 Jan fix as record date
- RailTel Corporation bags Rs 47 crore signaling contract
- Meet Anandji Prasad, New Director (Technical/Project & Planning) of WCL
- Coal Minister reviewed Mahanadi Coalfields Limited