IREDA IPO: Know How To Check IREDA IPO Share Allotment Status, Latest GMP, And Other Details Here

Subscription for the initial public offering (IPO) of state-owned firm Indian Renewable Energy Development Agency (IREDA) concluded on November 23 (Thursday). The Rs 2,150-crore IREDA IPO opened for subscription on November 23, 2023. The price band for the issue was fixed at Rs 30-32 a share.

As per IREDA IPO subscription status, the public was subscribed 38.80 times overall, whereas its retail portion was subscribed 7.73 times. In the wake of T+3 schedule, the IREDA IPO allotment date is likely to be November 28, 2023, in case the share allotment is not announced today. Meanwhile, IREDA IPO shares are most likely to be listed on November 29, 2023.

Investors who participated in the IPO are eagerly awaiting the basis of the allotment of IPO shares, which was likely to be finalized by Friday, November 24.

The public issue comprised a fresh issue of Rs 1,290 crore worth of shares by the company and an offer-for-sale (OFS) of Rs 860 crore by the government.

In the Qualified institutional buyers (QIBs) category, the offer was subscribed 104.57 times the reserved quota, and high net worth individuals was subscribed 24.16 times. Apart from these three categories, employees picked shares 9.8 times the quota.

Given the overwhelming response shown by the investors to the public issue, equity shares of the IPO will be allocated to investors on a proportionate basis. The attractive pricing (at 1.0x 1HFY24 P/BV (on an annualized and diluted basis)) and the growing importance of renewable energy (RE) are some of the factors why the issue saw huge demand.

Investors who participated in the offer can check their share allotment status either on the BSE website or the portal of the IPO registrar (Link Intime India).

Here's How To Check IREDA IPO Share Allotment Status On BSE:

a) Choose issue type 'equity' and issue name 'Indian Renewable Energy Development Agency Limited' in the dropdown,
b) Enter 'application number' or 'PAN number',
c) Check box (I am not a robot), and finally click on the 'search' button

How to check the IREDA IPO allotment status on the IPO registrar portal Linkintime?

a) Login at direct Link Intime web link - linkintime.co.in/MIPO/Ipoallotment.html;
b) Select 'Indian Renewable Energy Development Agency Limited - IPO'
c) Select and accordingly enter either 'PAN number', or 'application number', or 'DP client ID'
d) Finally click on the 'search' option

IREDA IPO GMP today:

According to market observers, IREDA Ltd shares are available at a premium of Rs 13 in the grey market today.