IREDA IPO: Know GMP Today, Allotment Status.
Unlisted shares of IREDA have been buying and selling Rs 10 larger within the gray market as in contrast with its challenge worth, which is a 31.25 per cent itemizing acquire from the general public challenge
The share allotment of IREDA IPO, which was open for public subscription between November 21 and November 23, was finalised on Saturday, November 25. The preliminary public providing (IPO) of Indian Renewable Energy Development Agency (IREDA) acquired a whopping 38.80 occasions subscription, getting bids for 18,27,24,58,560 shares as in opposition to 47,09,21,451 shares on provide.
IREDA IPO: Step-By-Step Guide To Check Allotment Status
Here’s how one can test IREDA IPO allotment standing through BSE web site:
1) Go to the official BSE web site through the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Indian Renewable Energy Development Agency Limited’ within the dropbox.
4) Enter your utility quantity, or the Permanent Account Number (PAN).
5) Then, click on on the ‘I am not a robot’ to confirm your self and hit ‘Search’ possibility.
Your share utility standing will seem in your display screen.
You also can go to direct Link Intime portal — linkintime.co.in/mipo/ipoallotment.html and test IREDA IPO allotment standing.
IREDA IPO GMP Today
According to market observers, unlisted shares of IREDA have been buying and selling Rs 10 larger within the gray market as in contrast with its challenge worth. The Rs 10 gray market premium or GMP means the gray market is anticipating a 31.25 per cent itemizing acquire from the general public challenge. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
The worth vary for the provide stood at Rs 30-32 a share.
IREDA IPO Subscription Status
The IPO acquired 38.8 occasions subscription. The class for Qualified Institutional Buyers (QIBs) acquired a whopping 104.57 occasions subscription. The quota for non-institutional traders obtained subscribed 24.16 occasions and the portion for Retail Individual Investors (RIIs) acquired 7.73 occasions subscription. The IPO has a contemporary challenge of as much as 40,31,64,706 fairness shares and a suggestion on the market of as much as 26,87,76,471 fairness shares.
The worth vary for the provide was Rs 30-32 a share. Indian Renewable Energy Development Agency mobilised Rs 643 crore from anchor traders.
This is the primary public challenge by a public sector enterprise after Life Insurance Corporation’s IPO in May final 12 months. Proceeds from the contemporary challenge might be used for augmenting IREDA’s capital base to satisfy its future capital necessities and onward lending.
IREDA is a mini Ratna agency with administrative controls with the Ministry of New and Renewable Energy. The organisation presents a complete array of economic merchandise (fund- and non-fund-based mostly) related companies, from mission inception to publish-completion, for renewable vitality tasks and associated actions like tools manufacturing and transmission.
SBI Capital Markets, IDBI Capital Markets and Securities and BOB Capital Markets have been the managers to the provide. Shares of the corporate might be listed on the BSE and NSE.
