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Dec 12, 2023 · IREDA IPO is a book built issue of Rs 2,150.21 crores. The issue is a combination of fresh issue of 40.32 crore shares aggregating to Rs 1,290.13 crores and offer for sale of 26.88 crore shares aggregating to Rs 860.08 crores.
- November 21, 2023
- November 23, 2023
- IPO Dates. The IPO will open for subscription on November 21, 2023, and close on November 23, 2023.
- Price Band. The price band for the issue has been fixed at Rs 30-32 per share.
- Offer Details. The company plans to raise Rs 2,150.21 crore via IPO. The offer consists of a fresh issue of 40.31 crore shares worth Rs 1,290.13 crore and an offer-for-sale of 26.87 crore shares worth Rs 860.08 crore.
- Objectives of Issue. IREDA will use the net proceeds to augment the capital base to meet future capital requirements and onward lending. The company expects to receive the benefits of listing the equity shares on the stock exchanges.
Nov 21, 2023 · Risk report. Company and business. Is IREDA free from regulatory penalties? Yes, the management is free from regulatory penalties. However, in the ordinary course of business, the company's borrowers have initiated 35 proceedings in various High Courts against it.
Nov 23, 2023 · Price Range. ₹30 - ₹32. Maximum Investment. ₹191,360 / 13 Lots ( 5980 Shares ) Retail Discount. Not Applicable. Issue Size. ₹2,150.21 Cr. Investor category and sub category. Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |. IPO Dates. Important dates with respect to IPO allotment and listing.
- Indian Renewable Energy Development Agency is a fresh issue of ₹1,290.13 Crore and an offer for sale of ₹860.08 Crore. It is a book-building issue.
- The Indian Renewable Energy Development Agency’s share will be allotted on November 29, 2023.
- The IPO subscription window for Indian Renewable Energy Development Agency will open on November 21, 2023.
- Retail investors can apply for a minimum of one lot, which is a size of 460 shares, with a sum of ₹14,720.
- Indian Renewable Energy Development Agency will be listed on BSE and NSE. The stock will be listed on December 4, 2023.
- Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
- You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
- You can submit only one application using your PAN card
Nov 21, 2023 · IREDA IPO price: The state-owned company has fixed price band of the public issue at ₹30 to ₹32 per equity share. (Photo: Courtesy company website) IREDA IPO opens today: The initial public...
Nov 21, 2023 · IREDA IPO opens for subscription on November 21 with a price band of ₹30 to ₹32 per equity share. The IPO comprises a fresh issue of up to 40.32 crore shares and an offer for sale of up...
Nov 21, 2023 · The price band for IREDA IPO is Rs 30 to Rs 32. The shares of IREDA IPO will list on 29th November 2023. The latest tentative GMP of IREDA IPO is Rs 10. The shares of IREDA IPO is subscribed 7.10 times as of 12:05 pm, 23rd November 2023. IREDA IPO Valuation. The approx valuation of IREDA IPO based on its price band and DRHP (prospectus) is:
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