IREDA public issue to open on November 21; sets price band at Rs 30-32 share
时间:2024-06-26 13:20:58 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.
上一篇:Budget 2024 expectation- Govt’s stance on AI – Will govt’s ‘AI push’ be visible in Budget document-
猜你喜欢
- Bulls drive Sensex higher, Nifty ends F&O expiry session above 16900, 17000 may be on the cards soon
- Bulls may pull Nifty towards 17800, crucial support at 17300; 5 things to know before market opening bell
- Boeing faces fresh scrutiny after Alaska Airlines incident – Here’s what has happened so far
- Billionaire investor Bill Ackman explains why share market is imploding- Investors lose confidence in US Fed
- Bikaji Foods shares makes strong market debut, stock lists at 7
- BSE, NSE readying mechanism to mitigate cyber attack risks- SEBI chief
- Nifty reclaims and sustains above 20000; What lies ahead-
- BharatNet- Tejas, TCS seek fair shot
- Bihar education department cracks down on government teachers offering private tuitions