IREDA public issue to open on November 21; sets price band at Rs 30-32 share
时间:2024-06-26 06:40:04 阅读(143)
State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday fixed a price band of Rs 30-32 per share for its Rs 2,150-crore initial public offering (IPO). The maiden public issue will open for subscription on November 21 and conclude on November 23 and the anchor book of the offer will be opened for a day on November 20, according to a public announcement. This would be the first public issue by a public sector enterprise after Life Insurance Corporation’s IPO in May last year.
IREDA would issue up to 40.31 crore fresh shares to mobilize around Rs 1,290 crore at the upper end of the price band. Besides, Government of India, currently the sole shareholder, will offer up to 26.88 crore shares in an offer for sale (OFS) in a bid to collect Rs 860 crore. Proceeds from the fresh issue will be used for augmenting IREDA’s capital base to meet its future capital requirements and onward lending.
IREDA is a ‘miniratna’ firm under Ministry of New and Renewable Energy. The organization offers a comprehensive array of financial products (fund and non-fund-based) associated services, from project inception to post-completion, for renewable energy projects and related activities like equipment manufacturing and transmission. BOB Capital Markets, SBI Capital Markets, and IDBI Capital Markets & Securities are the book-running managers for the issue. Shares of the company will be listed on the BSE and NSE.
猜你喜欢
- Titan share price soars nearly 1% after Q4FY23 net profit jumps 50%; Should you buy, sell or hold Titan stock-
- Share Market Highlights- Nifty settles above 18500, Sensex up 100 pts; Bank Nifty above 43900, Adani Enterprises, BPCL fall
- Share Market Highlights- Nifty settles below 19300, Sensex below 64580; Bank Nifty sheds over 570 points
- Share Market Highlights- Nifty settles above 18800, Sensex jumps 440 pts; Bank Nifty above 44100, HDFC Life, HDFC Bank gain
- Things to keep in mind while renewing your life and health insurance policies
- Share Market Highlights- Sensex ends 284 pts higher, Nifty above 16600; Infosys, Bajaj Finance lead gains
- Wall Street drops, Treasury yields gyrate on Fed Chairman Powell’s remarks
- Share Market Highlights- Nifty settles at a fresh high; closes above 20260, Sensex over 67480, Bank Nifty adds 330 points
- Tea production falls by 6