In today’s briefing:
- IREDA IPO Trading – Strong Insti Demand Boosts Overall Subscription Rates
IREDA IPO Trading – Strong Insti Demand Boosts Overall Subscription Rates
- IREDA (1845911D IN) raised around US$258m in its India IPO, after the deal was priced at INR32/share. It will begin trading tomorrow on 29th Nov 2023.
- Indian Renewable Energy Development Authority (IREDA) is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE).
- We have looked at various aspects of the deal in our previous note. In this note, we talk about demand and trading dynamics.
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