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IREDA IPO buy, sell or hold after listing

 IREDA IPO after listing buy, sell or hold:

IREDA is an Indian government company which not only finances government projects but also finances private sector companies. IREDA finances renewable projects. In such a situation, there are already many companies in the Indian stock market which work in this sector like PFC & REC Ltd. IREDA's IPO price band has attracted investors due to IREDA IPO IPO subscribed 38.80 times on day 3 Which was very good that Tata Technologies' IPO was also in the market during this week IPO which has received very good response like this Investors have also invested money in IREDA's IPO. Let us tell you that IREDA IPO's retail investor’s portion was subscribed 7.73 times & NII portion was subscribed 24.16 times along with this, QIB portion was booked 104.57 times. The employees of the company have also shown confidence in the growth of their company, due to which the Employee portion has been subscribed 9.80 times.

Let us now understand what investors should do in this stock after the listing of IREDA IPO.

We had talked about subscribing to IREDA IPO to all our website followers. We had told that the stock of this company is getting a premium of Rs. 1000 in the grey market, however, the premium in the grey market keeps on increasing and this is never the final listing price.

                                                            Image source: wikipedia-google images

As per the RHP, the President of India acting through the Ministry of New and renewable energy & Government of India. The Promoter, along with its 7 nominees, it is presently holding  100 % of the pre-offer paid-up equity share capital of the company.

In such a situation, we do not see any risk in IREDA company at present. Quoting sources, it has also been revealed that the management and corporate governance of the company is very good and the management of this company works like a private organisation in which the focus is always on the target. It is not an easy task for any government company to launch its IPO in the market, but the management of IREDA has done a great job and has brought the IPO of its company in the Indian market in a very short time.

Our personal view on IRDA IPO After listing:

If seen, now this IPO has started getting better response in the grey market also and the premium in the grey market has become 11rs which is 34.38% higher than the IPO price of 32. The company's management had also told in the media that whatever funds will be collected from the IPO will be used to enhance the brand image among existing and potential customers & expansion of the company. Looking at all these factors, we feel the growth story of the IREDA is good and we would recommend to remain in IREDA shares for long term even after listing and long term investors can start accumulating IREDA stock even after listing if they get a chance. So you can keep. IREDA shares in your portfolio for long term investment and not for trading.


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