The IREDA stock, which began the trading day at a 56% premium to the issue price at ₹50 a share, ultimately ended the day locked at the upper circuit – at ₹59.99 apiece.
Waaree Energies IPO opens on Monday. Price band, GMP among 10 things to know before subscribing
Market analysts report that Waaree Energies’ current GMP stands at Rs 1,340, reflecting an 89% premium to the issue price. The offering consists of a