Скачать или смотреть IREDA listed at a 56.25% premium over listing price.

Solid Start! IREDA shares list at 56% premium over IPO price.

Ahead of the listing, IREDA shares traded at a premium of Rs 12.25 in the unlisted market. The IPO received an overwhelming response from investors, having been oversubscribed by 38.8 times, reflecting investor sentiment about the company's strong fundamentals and growth potential. Analysts believe India has ambitious renewable energy goals and IREDA is well positioned as the largest green financing NBFC to tap into the rapidly expanding sector growth

The stock debuted at Rs 50 on both NSE and BSE compared with the IPO price of Rs 32.

IREDA extended its gains by 11.4% to Rs 55.7 from its listing price of Rs 50. At the same time, from the issue price, the stock was up 74%.