Page 5 - Mini Ratna News Today

"We believe the listing premium is justified on the back of the company being tagged as leading PSU player in renewable energy financing and advisory services and a possible upgradation from a Mini Ratna to a Navratna company in near future which increases financial autonomy, allowing it to accelerate faster in the competition," said Prashant Tapse of Mehta Equities.

IREDA IPO | The public issue of 67.19 crore equity shares comprises a fresh issue of 40.31 crore shares worth Rs 1,290.13 crore, and an offer-for-sale (OFS) of 26.87 crore shares worth Rs 860.08 crore by the Government of India.

Incorporated in 1987, Indian Renewable Energy Development Agency is a government company, which has a miniratna status government enterprise.

IREDA, an NBFC, will launch its IPO on November 21 and plans to raise ₹2,150 crore. The offer includes a fresh issue of ₹1,290.13 crore and an offer for sale of ₹860.08 crore.

Explore the details of the Indian Renewable Energy Development Agency Ltd.'s maiden public issue, opening today for subscription.Get insights on the lot size, GMP and much more at news18.com

Foreign institutional investors net sold shares worth Rs 477.76 crore, while domestic institutional investors offloaded Rs 565.48 crore worth of stocks on November 17, provisional data from the National Stock Exchange showed.

Tata Technologies and IREDA are coming out with their IPOs in the next few days. If you want to choose between the two, here is everything about Tata Technologies VS IREDA IPO.

About 50% of IREDA IPO will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.

IREDA IPO | The IPO comprises a fresh issue of 40.31 crore equity shares worth Rs 1,290.13 crore by the company, and an offer-for-sale of 26.87 crore shares worth Rs 860.08 crore by the Government of India

Two other major IPOs to look out for are Mini Ratna company Indian Renewable Energy Development Agency, and Fedbank Financial Services. As for the Nifty50, analysts expect the index to remain in a consolidation phase until it decisively breaches the 19,850 mark. On Friday, the index ended 0.2% down at 19,731.80 points.