IREDA IPO opens today and is poised to disrupt financial markets. In this article, we will discuss the latest news surrounding the IREDA IPO, explore the IPO opening date, share price details, and the rush of gray market premium (GMP).
Indian Renewable Energy Development Agency (IREDA), a Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has launched a Corporate Social Responsibility (CSR) portal for enhancing transparency in its CSR initiatives#india… pic.twitter.com/OwHMTr3Ll7
— DD News (@DDNewslive) November 11, 2023
In recent years, quality has become a matter of serious concern, always reaching hazardous levels that pose a major threat to the health of its residents and the people of Delhi. In this article, we will discuss the factors influencing the air quality crisis in Delhi and its consequences on public health, environment and economy of the Union Territory. The seriousness of the situation is the first step towards finding a permanent solution to deal with this serious problem.
IREDA IPO opens today
Starting today, the agency (IREDA) will be open until November 23, 2023, or Thursday of the current week. The PSU has fixed the IREDA IPO price band at 30 to 32 cents per equity share, and the book build issue is proposed to be listed on the BSE and NSE. The state-owned company intends to raise Rs. 2,150.21 crore through its initial public offering.
GMP latest news
Meanwhile, the gray market remains positive on the original offer on the opening day of the IRDEA IPO. According to market experts, shares of Renewable Energy Development Corporation of India Ltd are currently available at a premium of Rs 7 in the gray market.
IREDA IPO launch date
IREDA IPO opens today, the first public offering (IPO) of the government-owned Indian Renewable Energy Development Agency (IREDA), which will open for subscription on Tuesday (November 21), will continue till November 23. The company expects to raise Rs. 2,150.21 crore through the sale of shares.
IREDA IPO share price
IREDA IPO opens today, the public issue will be available for sale on November 21 and will remain open for bidding until November 23. PSU has set a book build issue price band of Rs 30 to Rs 32 per share.
Conclusion for IREDA IPO opens today
The IREDA IPO is an important milestone in the renewable energy sector. As investors consider participating in this offering, understanding the key dynamics becomes paramount. The interplay of pricing, market sentiment, and fund utilization will shape iRadar’s trajectory in the financial environment.
Also Read: Mera Bill Mera Adhikar: Upload GST Bill And Get A Chance to Win up to 1 Crore
FAQ
Is IREDA IPO worth buying?
According to analysts at Reliance Securities, IRDEA has enjoyed solid profitability, strong growth forecasts, and an experienced management team in recent years. The broker is advising you to ‘subscribe’ to this problem.
Under which ministry is the Indian Renewable Energy Development Agency?
The Indian Renewable Energy Development Agency Limited (IREDA) is a non-banking financial institution run by the Ministry of New and Renewable Energy (MNRE).
Is IREDA a Government Company?
With the tagline “Energy Forever”, Indian Renewable Energy Development Agency Limited is a public limited government company and a non-banking financial institution, established to establish new and renewable energy sources as well as energy efficiency/conservation-related initiatives.