Would you like to invest with IREDA IPO?

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IRDEA is a Mini Ratna Public Enterprise managed by the Ministry of New and Renewable Energy.

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IREDA IPO which will open for registration on 21st November, its last date will be 23rd November.

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IREDA had secured Rs 643.2 crore from anchor investors including Goldman Sachs, SBI Banking and Financial Services Fund, HDFC Mutual Fund and other funds.

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Based on the reports of market analysts, shares of the companies are demanding an increase of about $7 in the market for gray goods (GMP) today.

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Based on market factors “The IPO is priced at a P/BV (price-book value) of 1.23 times based on NAV of Rs 25.98, indicating fair valuation.

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The net proceeds of the offer will be used to enhance the capital base to meet future capital requirements as well as further borrowings.

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