Big profit for IREDA IPO investors, shares listed with 56% jump, check like this whether you got the share or not
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IREDA IPO Listing: Shares of public sector company Indian Renewable Energy Development Agency Limited (IREDA) were listed on Wednesday with a jump of more than 56 percent from the issue price of Rs 32. The shares were listed at Rs 50, up 56.25 per cent from the issue price, on both BSE and NSE. Later on both the indices it increased by 74 percent to Rs 55.70. The market valuation of the company in early trade was Rs 14,460.17 crore. IREDA’s initial public offering (IPO) was subscribed 38.80 times last Thursday. The price range for the IPO was fixed at Rs 30-32 per share. This will be the first public issue of a public sector enterprise after the Life Insurance Corporation of India launched its IPO in May last year. IREDA is a “Miniratna” company under the Ministry of New and Renewable Energy.
How to check allotment status on registered portal
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Go to the registered portal. After clicking on the available link, you will see five links where the status can be checked.
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By clicking on one of the links, select JSW Infrastructure Limited from the dropdown menu in the IPO section.
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Select any one of the three options to check allotment status, i.e. Application Number, Demat Account or PAN.
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If you have chosen the first option, type the application number and captcha code, then click on ‘Submit’.
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If you have opted to check status through Demat account number, type it and enter the captcha code before clicking on ‘Submit’.
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For the third option, enter your PAN number and type the captcha code. Click on ‘Submit’.
How to check allotment status on BSE and NSE
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For BSE, visit the allotment page on the official site. Now select ‘Equity’ under the ‘Issue Type’ section. Select IPO from the dropdown option under ‘Issue Name’.
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Enter your PAN or application number to check the status.
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Go to the website of National Stock Exchange.
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Select the ‘Click to Sign Up’ option and register yourself with your PAN. Now login using username, password and captcha code. Check your IPO allotment status on the new page that opens.
what is ipo
Full name of IPO Initial Public Offering Is. It is a financial process in which a private company decides to issue an offer of its stock to investors in the open market. This is the first time for the company when it goes to sell its shares in the open market. When a company issues an IPO, it publicizes its shares and gives investors the opportunity to buy its shares. Through IPO, the company makes its stock available to investors through public and news media so that they can buy it. Through IPO, the company mostly tries to attract new investors for its stock and through this the company collects most of the capital to fulfill its development and financial plans. This is an attractive option for investors because it offers them the opportunity to own a public company.
Gray market is the market for second hand IPO.
Gray market can be called in simple words the second hand market of IPO. This means that after the IPO is issued, instead of buying directly from the stock market, you buy the IPO from an investor who has already invested in the company. The biggest problem in this gray market is that the sellers, brokers and traders working in it are not registered anywhere. There are no rules and regulations in this market. Business is done only on trust and personal interaction. At the same time, if money gets stuck, you have to do the recovery yourself.
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