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.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : CONCOR signs MoU with Gati Shakti Vishwavidyalaya, Vadodara
The 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 : NMDC Swarojgar Yojana Sparks Self-Employment Revolution in Kondagaon, Chhattisgarh
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 : MRPL Outshines Bright with Four Excellence AwardsNews Must Read
- CONCOR signs MoU with Gati Shakti Vishwavidyalaya, Vadodara
- Delhi Metro Rail completes 22 years of operations
- ONGC Executive Director, Sanjay Bhatt superannuates
- Oil India plans to Launch Subsidiary for Green Energy Ventures
- NTPC signs tripartite MoU to build green hydrogen infrastructure in Odisha
- BEL contributes Rs. 1.89 Cr to Kerala Flood Relief
- Defense Stock, Bharat Electronics shares surges over 1.12% amid securing project worth Rs 973 crore
- IREDA Sanctions Over Rs. 3,000 Crore; CMD Commits Support for State 10 GW RE Target
- Defence Ministry awards major order to L&T
- Sensex opens with over 800 points, Nifty trading up 1.15% with positive market trend