Indian Renewable Energy Development Agency Ltd. makes a strong debut on the bourses with scrip got listed at Rs 50.00 on the Bombay Stock Exchange, a 56.25 per cent premium to its issue price of Rs 32.00. On the National Stock Exchange, the stock was listed at Rs 50.00.
The company, which raised 67.19 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 6,719.41 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Nov 21 to Nov 23.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
IDBI Capital Markets & Securities Limited,BOB Capital Markets Ltd.,SBI Capital Markets Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 66,174.20, up 204.16 points, or 0.30 per cent.