Firm’s Capital Markets Partner, Murtaza Zoomkawala attended the listing ceremony of Indian Renewable Energy Development Agency Limited (IREDA) at NSE India.
The IPO was subscribed 38.80 times. The shares of IREDA debuted at a premium of 56% over their issue price before rallying further to 87.5% over the issue price by the end of trading hours.
Many congratulations to the IREDA team, the Department of Investment and Public Asset Management (DIPAM), the Ministry of New and Renewable Energy (MNRE), the BRLMs, and all other parties involved for the successful listing.