IREDA IPO Lists Today with Potential 30% Premium

The much-anticipated Initial Public Offering (IPO) of Indian Renewable Energy Development Agency (IREDA) Limited is set to make its debut on stock exchanges today. As per the Bombay Stock Exchange (BSE) notification, IREDA shares will be listed and admitted to dealings in the ‘B’ Group of Securities, with trading commencing in a special pre-open session.

Also Read: IREDA IPO: Check Allotment Status, Listing Date, and Grey Market Premium Details Here

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Strong Investor Response & Optimistic Market Mood

IREDA’s IPO has garnered significant interest, particularly from Qualified Institutional Buyers (QIBs). Stock market experts highlight a buoyant mood in Dalal Street, enhancing prospects for the IPO. Predictions suggest an opening premium of ₹8.50 to ₹12.50 per share, translating to an anticipated listing gain of 25% to 30%.

Also Read: Tata Tech IPO Allotment Status: How to Check allotment Status on Link Intime and BSE

Grey Market Indications

The grey market, an unofficial but often accurate indicator, mirrors this optimism. The IREDA shares are reportedly commanding a ₹12 premium in the grey market, implying an opening price around ₹44 per share (issue price of ₹32 plus ₹12 premium).

Expert Views on Listing Gains

Prashanth Tapse, Senior VP at Mehta Equities, notes IREDA’s substantial response from investors and its potential as a leading PSU in renewable energy financing. He forecasts a healthy listing gain above 25%, citing the company’s potential upgrade from a Mini Ratna to a Navratna status.

Arun Kejriwal, Founder of Kejriwal Research and Investment Services, echoes this sentiment. He expects a 25% to 30% gain on listing, with a potential for further upside depending on post-listing trade volumes.

In summary, the IREDA IPO is positioned for a strong debut, buoyed by robust investor response and positive market sentiment. With expectations of substantial listing gains, the IPO marks a significant moment for the renewable energy sector in India.

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