IREDA IPO GMP History
IREDA IPO has been listed on November 29, 2023 at a listing price of ₹50, against the issue price of ₹32 — a gain of ₹18 (+56.25%). The GMP peaked at ₹11 on 25 November 2023 and reached a low of ₹4 on 16 November 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
IREDA IPO raised ₹2150.21 Cr. through its IPO at a price band of ₹30 to ₹32 per share, with a lot size of 460 shares. The IPO was open for subscription from 21 Nov 2023 to 23 Nov 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:18 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 28 Nov 2023 | ₹ 10 | — | 31% | — | — |
| 27 Nov 2023 | ₹ 10 | ▼ | 31% | — | — |
| 25 Nov 2023 | ₹ 11 | ▲ | 34% | — | — |
| 24 Nov 2023 | ₹ 10 | ▲ | 31% | — | — |
| 23 Nov 2023 | ₹ 7 | — | 22% | — | — |
| 22 Nov 2023 | ₹ 7 | ▼ | 22% | — | — |
| 21 Nov 2023 | ₹ 8 | — | 25% | — | — |
| 20 Nov 2023 | ₹ 8 | ▲ | 25% | — | — |
| 18 Nov 2023 | ₹ 7 | — | 22% | — | — |
| 17 Nov 2023 | ₹ 7 | ▲ | 22% | — | — |
| 16 Nov 2023 | ₹ 4 | ▼ | 12% | — | — |
| 15 Nov 2023 | ₹ 5 | — | 16% | — | — |
| 14 Nov 2023 | ₹ 5 | — | 16% | — | — |
IREDA IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 21 Nov 2023
- Close 23 Nov 2023
- Allotment 24 Nov 2023
- Refund/credit 25 Nov 2023
- Listing 29 Nov 2023
IREDA IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹32 |
|---|---|
| GMP-based estimate (pre-listing) | ₹42 (+31.3%) |
| Listing gain / loss | +₹18 per share |
| Listing date | 29 Nov, 2023 |
| Actual listing price | ₹50 (+56.25%) |
Is IREDA IPO GMP reliable?
Grey market premium for IREDA IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the IREDA IPO full review for a fundamentals-based assessment before making any grey market trades.
IREDA IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for IREDA IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About IREDA IPO
Indian Renewable Energy Development Agency Limited was incorporated in Delhi on 11 March 1987. It is a Government of India enterprise under the Ministry of New and Renewable Energy, and a Public Financial Institution registered as a systemically important non-deposit taking NBFC with Infrastructure Finance Company status.
For over 36 years it has promoted, developed and financed new and renewable energy projects and energy efficiency and conservation projects. It offers financial products and services from project conception to post-commissioning, including for equipment manufacturing and transmission.
As per the RHP, IREDA is the largest pure-play green financing NBFC in India. Its promoter is the President of India, acting through the Ministry of New and Renewable Energy.
The IPO was Rs 2,150.21 crore, with Rs 1,290.13 crore of fresh issue and Rs 860.08 crore of offer for sale by the government. The fresh money was meant to augment the capital base for future lending.
Frequently asked
What is the GMP of IREDA IPO?
The current Grey Market Premium (GMP) of IREDA IPO is ₹ 10.
What is the Kostak Price of IREDA IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for IREDA IPO is not available.
What is the Subject to Sauda Price of IREDA IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of IREDA IPO?
IREDA IPO listed on November 29, 2023 at ₹50, against the issue price of ₹32 — a gain of +56.25%.
How did the GMP of IREDA IPO trend before listing?
The GMP of IREDA IPO was stable in its final days before listing. The GMP peaked at ₹11 on 25 November 2023. View the day-wise table above for the complete GMP history.
Explore IREDA IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
