The IREDA date has been confirmed from November 21 and ended on November 23. Read the post to learn about IREDA IPO GMP.
The IREDA original public immolation( IPO) is listed to begin on November 21 and end on November 23. With the new issue of 40.32 crore shares and the offer for trade of over to shares at a price of 10 each, IREDA IPO hopes to raise about ₹ 2,150.21 crore through its IPO. HNI is 15%, QIB is 50%, and the retail share is 35%.
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Key Details Of IREDA IPO:
Bidding Dates
November 21 – 23
Price Range
₹30 to ₹32
Face Value
₹10 per share
GMP
₹12
IREDA GMP
The Cello World Limited IPO GMP Today is ₹12.
IREDA IPO Overview
IREDA, with the stock law 544026, made its debut on the stock exchange on November 29, 2023. The original public immolation( IPO) entered an inviting response with a subscription rate of 38.80 times. On the same day, the last Grey Market Premium( GMP) for IREDA IPO was streamlined to ₹ 12 at 0927 AM. rested on this GMP, the awaited profit/ loss for the IPO stood at 37.50. The IPO of IREDA was issued at a price of ₹ 32.00 per share. The Cello World Limited IPO GMP Today is ₹12. Still, when it was listed on the stock exchange, the price soared to ₹50.00, representing a significant increase of 56.25 compared to the allotment price.
IREDA IPO Date & Price Band Details
| IPO Open: | November 21, 2023 |
| IPO Close: | November 23, 2023 |
| IPO Size: | ₹2,150.21 crore |
| Fresh Issue: | 40.32 crore shares |
| Offer for Sale: | Approx 268,776,471 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹30 to ₹32 per equity |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
IREDA IPO Market Lot
The IREDA IPO minimum market lot is [.] shares with ₹[.] application amount. Retail investors can apply for up to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
IREDA IPO Allotment & Listing Dates
The IREDA IPO date is November 21, and the close date is November 23. The IREDA IPO allotment will be finalized in 2023, and the IPO listing will be in 2023.
| Anchor Investors Allotment: | 2023 |
| IPO Open Date: | November 21, 2023 |
| IPO Close Date: | November 23, 2023 |
| Basis of Allotment: | 2023 |
| Refunds: | 2023 |
| Credit to Demat Account: | 2023 |
| IPO Listing Date: | 2023 |
IREDA Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2021 | ₹2658 | ₹2088 | ₹346.38 |
| 2022 | ₹2874 | ₹2040 | ₹633.53 |
| 2023 | ₹3483 | ₹2344 | ₹864.63 |
| 2024 3M | ₹1143 | ₹704 | ₹294.58 |
IREDA IPO Valuation – FY2023
| Earning Per Share (EPS): | ₹1.29 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.43% |
| Net Asset Value (NAV): | ₹25.98 per Equity Share |
Company Profile
The IPO of Indian Renewable Energy Development Agency( IREDA) Limited is listed to take place from 21st November to 23rd November 2023. IREDA operates as a Mini-Ratna corporation under the Ministry of New and Renewable Energy (MNRE). The IPO includes an offer for sale (OFS) of equity shares worth approximately ₹860.08 crore and a new issue of shares worth ₹1,290.13 crore. The total IPO value is ₹2,150.21 crore. The shares will be dispersed on November 29th, after the initial public offering (IPO), which will be listed on public exchanges on December 4th. The shares have a lot size of 460 and prices range from ₹30 to ₹32 per share. The book-running lead directors for this initial public offering (IPO) include IDBI Capital Markets & Securities Limited,
BoB Capital Markets Limited, and SBI Capital Markets Limited. Link Intime India Private Limited is serving as the register.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 81 0811 4949 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | IREDA Limited |
| Phone number | +91 11 24682214 |
| Email ID | [email protected] |
| Website | https://www.ireda.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
IREDA FAQs
When IREDA IPO will open?
The IREDA IPO opens on November 21, 2023 and closes on November 23, 2023.
What is the lot size of IREDA IPO?
IREDA IPO lot size is 460 Shares, and the minimum amount required is ₹14,720.
When is IREDA IPO allotment?
The finalization of Basis of Allotment for IREDA IPO will be done on Friday, November 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, November 28, 2023. Check the IREDA IPO allotment status.
When is IREDA IPO listing date?
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