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IREDA IPO to open for subscription, ONGC, Coal India among ex-dividend stocks in Top News on November 21: Stock market, Nifty outlook, Q2 Results, e-Sprinto to unveil Rapo, Roamy E-scooters in focus. ....
IREDA is looking to raise Rs 2,150.21 crore via its primary stake sale, which includes a fresh share sale component of Rs 1,290.13 crore and OFS of 268,776,471 shares of up to Rs 860.08 crore. ....
IREDA IPO consists of a fresh issue of up to 40.3 crore equity shares and an offer for sale (OFS) of up to 26.8 crore equity shares by the government. About 50% of the IPO will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. ....