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November 21, 2023 - November 23, 2023

IREDA IPO FAQ

IREDA IPO Date & Price

The IREDA IPO opens on November 21, 2023 and closes on November 23, 2023.

IREDA IPO timetable / schedule is as below:
  • Bid/Offer Opens On: November 21, 2023
  • Bid/Offer Closes On: November 23, 2023
  • Finalization of Basis of Allotment: November 24, 2023
  • Initiation of refunds: November 25, 2023
  • Credit of Equity Shares: November 28, 2023
  • Listing Date: November 29, 2023

IREDA IPO price is set at ₹32 per equity share.

IREDA IPO will close for subscription at 5 PM on November 23, 2023. But most brokers stop accepting application between 1 PM to 3 PM.

The IREDA IPO starts on November 21, 2023. The issue ends on November 23, 2023.

IREDA IPO Issue Size and Subscription Status

The IREDA IPO size is 671941177 Equity Shares of ₹10 aggregating up to ₹2,150.21 Cr.

Indian Renewable Energy Development Agency Ltd is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for IREDA IPO shares through the banks (using ASBA) or through the broker (using UPI).

IREDA IPO Offer Size

Qualified Institutional Buyers (QIB)134,013,152 Shares
Non-Institutional Investors (NII)100,509,864 Shares
Retail Individual Investor (RII)234,523,015 Shares
Employee Reservations1,875,420 Shares
Other Reservations0 Shares
Total Issue Size470,921,451 Shares

IREDA IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)104.57 times times
Non-Institutional Investors (NII)24.16 times times
Retail Individual Investor (RII)7.73 times times
Employee Reservations9.80 times times
Other Reservations times
Total Issue Size38.80 times times

Click here to check the IREDA IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in IREDA IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check IREDA IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

IREDA IPO Allotment and Listing

The IREDA IPO allot status will be available online on November 24, 2023. Check the IREDA IPO Allotment Status here.

Click here to check IREDA IPO Allotment Status.

IREDA IPO listing Date is November 29, 2023. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The IREDA IPO listing date and time is published by the exchange in a circular.

Click here to view the IREDA IPO Basis of Allotment.

It is hard to say at what price IREDA IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The IREDA IPO shares will list on November 29, 2023 at BSE, NSE.

IREDA IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about IREDA IPO which could help you with questions like IREDA IPO buy or not? You should also read IREDA IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

IREDA IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the IREDA IPO performance. The performance reports are available 1 day after listing.