The initial public offering (IPO) of the state-owned Indian Renewable Energy Development Agency (IREDA), which ended on Thursday, November 23, share allotment was finalized on Saturday, November 25.
Investors who have applied for the issue can check the attractiveness status of the IREDA IPO on the registrar’s portal, specifically managed by Link Intime India Private Limited.
IREDA IPO GMP today
Analysts note a robust investor response to IREDA’s IPO, suggesting that the increase in gray market sentiment can be attributed to the strong reception of the book-building issue.
IREDA IPO GMP or gray market premium is available at a premium of ₹10 per share on November 26 the same as yesterday, which means there is no change in GMP, according to investorgain.com.
This also indicates that the share price of IREDA was trading at a premium of
₹10 per share on Sunday. “Grey market premium” indicates the willingness of investors to pay more than the issue price.
Considering the upper end of the IPO price band and the current premium in the gray market, the estimated list price of IREDA IPO is ₹42 per which is 31.25 percent higher than the IPO price of ₹32.
Investors who have applied for the IPO can check the attractiveness status of the IREDA IPO on the registrar’s portal, managed by Link Intime India Private Limited.
Investors can ascertain the number of allotted shares they have received by referring to the basis of allotment. Refund processes for individuals who have not been allocated shares will begin on Thursday, November 30. Those who have been allotted shares will find them credited to their demat accounts on Friday, December 1. IREDA’s IPO listing date has been set for Monday, December 4. stock markets BSENSE.
How to check IREDA IPO allotment status at Link Intime India Pvt Ltd?
1) Login at direct Link Intime link — linkintime.co.in/MIPO/Ipoallotment.html
2) Select IREDA IPO;
3) Enter your PAN details; and
4) Click on the ‘Search’ option.
Your IREDA IPO allotment status is soon available on the computer screen or on the Smartphone screen.
How to check allotment status of IREDA IPO on BSE?
1) Login at direct BSE link — bseindia.com/investors/appli_check.aspx;
2) Select IREDA IPO;
3) Enter IREDA IPO application number;
4) Enter your PAN details;
5) Click on ‘I’m not a robot’; and
6) Click the ‘Submit’ button.
Your IREDA IPO allocation status will be available on the computer screen or on the Smartphone screen.
IREDA IPO subscription status
After three days of offering, IREDA IPO subscription status suggests that the public issue has been subscribed 38.80 times while its retail portion has been subscribed 7.73 times. QIBs led from the front as QIB portion was subscribed 104.57 times, Non-Institutional Investors or NII portion was subscribed 24.16 times, while employee portion was subscribed 9.80 times.
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Updated: 26 Nov 2023, 09:48 IST
(tagsTo Translate)IREDA IPO