Two companies — Indian Renewable Energy Development Agency (IREDA) and Tata Technologies — will raise over Rs 5,000 crore through initial public offerings (IPO) next week.
The Rs 2,150 crore IPO of IREDA, which is under the administrative control of Ministry of New and Renewable Energy (MNRE), will open for subscription on November 21. The PSU miniratna would be offering its shares in the range of Rs 30-32 per share. The lot size stands at 460 equity shares. The three-day bidding process will conclude on November 23. It is also India’s largest pure-play green financing NBFC in India.
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