IREDA IPO: Bookings for the initial public offering (IPO) of the Indian Renewable Energy Development Authority (IREDA) closed on Thursday. According to the IREDA IPO subscription status, the public issue was subscribed 38.80 times, while its retail portion was subscribed 7.73 times. After the T+3 schedule, the most likely IREDA IPO allotment date is November 28, 2023 in case the allotment is not announced today. Similarly, the IREDA IPO listing date is likely to be on November 29, 2023, i.e. next Wednesday.
At the same time, after the strong IREDA IPO subscription status, the gray market has increased further to the public offering. According to market observers, shares of IREDA Ltd are available at premium prices ₹13 in the gray market today.
Market observers say that the IREDA IPO has received a strong response from investors and this may be the reason for the increase in sentiment in the gray market on the book-building issue. They said that IREDA ipo gmp has increased from ₹7 to ₹13 in the last week, which speaks volume about the buzz about IREDA IPO in the main market. They said the gray market has been bullish despite the rough sentiment on Dalal Road in the past week. They predicted further upside in the IREDA IPO if there is a rversal trend in Dalal Street when the Indian stock market opens on Tuesday after the stock market holiday fell on Monday.
However, stock market experts have maintained that GMP is not an appropriate indicator of IPO success or failure. They advised bidders and market investors to follow the fundamentals and rely on the company’s balance sheet. They went on to add that the gray market is completely unregulated and speculative as it has no connection to the company’s finances.
After three days of bidding from November 21 to November 23, 2023, the IREDA IPO subscription status indicated that the public issue was subscribed 38.80 times, while its retail portion was subscribed 7.73 times. QIBs lead from the front as the QIB segment was subscribed 104.57 times, the non-institutional investor or NII segment subscribed 24.16 times, while the employee segment was subscribed 9.80 times.
Once the share allotment is announced, bidders will be able to check the IREDA IPO allotment status online by logging on to the BSE website or on the website of the official registrar – Link Intime Private Limited. For more convenience, investors can login at BSE direct link — bseindia.com/investors/appli_check.aspx or at Link Intime portal direct — linkintime.co.in/mipo/ipoallotment.html and check IREDA IPO allotment status.
IREDA IPO BSE Allotment Status
1]Login with direct BSE link — bseindia.com/investors/appli_check.aspx;
Open Demat A/C With Zerodha
3]Enter the IREDA IPO application number;
4]Enter your PAN details;
5]Click on ‘I’m not a robot’; And
6]Click on the ‘Submit’ button.
Your IREDA IPO allocation status will be available on your computer screen or smartphone screen.
IREDA IPO Linkintime allocation status
1]Login directly to Intime website link – linkintime.co.in/MIPO/Ipoallotment.html;
3]Enter your PAN details; And
4]Click on ‘Search’ option.
Your IREDA IPO allotment status will soon be available on your computer screen or smartphone screen.
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