IREDA makes stellar debut at a 56% premium
General

IREDA makes stellar debut at a 56% premium

Shares of Indian Renewable Energy Development Agency Limited made a remarkable debut on the exchange listing at a 56% premium

  • By ICN Bureau | November 30, 2023

The scrip listed Rs 50 per share on BSE and NSE respectively, at a premium of 56.25%. The company's share price closed at Rs 59.99 per share on the BSE, a 87.47% premium, and at Rs 60 per share on the NSE, a 87.50% premium.

As per NSE, the total quantity traded stood at 5798.10 lakh shares, on BSE the total Quantity stood at 381.55 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 3393.13 crore.

Pradip Kumar Das, CMD, Indian Renewable Energy Development Agency Limited said "I extend my heartfelt gratitude to all the investors who have placed their trust in Indian Renewable Energy Development Agency Limited. Your support fuels our commitment to drive renewable energy growth and sustainability. We embark on this new chapter with enthusiasm, aiming to create lasting value for our stakeholders. Thank you for joining us on this transformative journey towards a greener future."

The Market Capitalization of the Company at today's closing price stood at Rs. 16123.90 crore as per BSE and Rs. 16126.59 crore as per NSE.

The company had offered Rs 2150 crore issue for subscription from November 21 to November 23. This garnered substantial interest, and the offer was subscribed 38.80 times. Qualified Institutional Buyer Portion was subscribed 104.57 times, Non-Institutional Investors Portion subscribed 24.16 times, whereas Employee Portion was subscribed 9.76 times and Retail Portion was subscribed 7.72 times.

Register Now to Attend Gujarat Chem & Petchem Conference 2025 on May 8-9th 2025, at Hyatt Place, Bharuch

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2025 on June 18-19th 2025, The Leela Mumbai

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization