Indian Renewable Energy Development Agency Limited
Mainboard₹14,720 / 460 Shares
Indian Renewable Energy Development Agency Limited IPO Details
The Indian Renewable Energy Development Agency Limited IPO price band is set between ₹30-32 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 21 Nov, 2023 and closes on 23 Nov, 2023. Investors can check the allotment status on 25 Nov, 2023, while the listing date is tentatively scheduled for 29 Nov, 2023.
The total issue size is Total ₹2150.21 Cr :#Fresh Issue : 403,164,706 shares, aggregating up to ₹1,290.13 Cr. Stay tuned for the latest Indian Renewable Energy Development Agency Limited IPO review and GMP updates.
Indian Renewable Energy Development Agency Limited IPO Review, Rating & Analysis
Indian Renewable Energy Development Agency Limited IPO Review
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Indian Renewable Energy Development Agency Limited IPO Highlights
IPO Date
Nov 21, 2023 - Nov 23, 2023
Listing Date
29 Nov, 2023
Face Value
₹10 Per Equity Share
Price Band
₹30-32 per equity share
Lot Size
460 Shares
Fresh Issue
403,164,706 Shares
Offer for Sale
268,776,471 shares of ₹10
Listing At
BSE, NSE
Indian Renewable Energy Development Agency Limited IPO Lot Size
The minimum market lot for Indian Renewable Energy Development Agency Limited IPO is 460 shares with an application amount of ₹14,720. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 460 | ₹14,720 |
| Retail (Max) | 13 | 5980 | ₹1,91,360 |
| S-HNI (Min) | 14 | 6440 | ₹2,06,080 |
| S-HNI (Max) | 67 | 30820 | ₹9,86,240 |
| B-HNI (Min) | 68 | 31280 | ₹10,00,960 |
Indian Renewable Energy Development Agency Limited IPO Timeline
Issue Price
₹30-32 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Bob Capital Markets LimitedSBI Capital Markets LimitedIssue Size
Total ₹2150.21 Cr :#Fresh Issue : 403,164,706 shares(aggregating up to ₹1,290.13 Cr) +
#OFS : 268,776,471 shares of ₹10(aggregating up to ₹860.08 Cr)
Indian Renewable Energy Development Agency Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 50446.98 | 3483.04 | 864.63 | - | - | - |
| 31 Mar 22 | 36708.41 | 2874.16 | 633.53 | - | - | - |
| 31 Mar 21 | 30293.39 | 2657.74 | 346.38 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- The President of India acting through The Ministry of New & Renewable Energy, Government of India
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 75% |
About Company
Indian Renewable Energy Development Agency Limited is a public limited government company. IREDA is a Mini Ratna (Category - I) government enterprise. It is administratively controlled by the Ministry of New and Renewable Energy (MNRE). In FY 2021-22, IREDA achieved the highest-ever loan sanctions of around Rs. 23921.06 crores and loan disbursements of around Rs. 16070.82 crores.
IRDEA is an experienced financial institution that has been actively promoting, developing, and extending financial assistance for new and renewable energy projects, as well as energy efficiency and conservation projects for over 36 years. The company offers a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities such as equipment manufacturing and transmission. IRDEA is committed to facilitating the transition towards a greener and more sustainable future, and as a reliable partner, the company ensure that its clients receive the best possible support and guidance throughout their projects.
As of June 30, 2023, the company has a diversified portfolio of Term Loans Outstanding, amounting to ₹ 472,066.63 million.
Indian Renewable Energy Development Agency Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|
5.61 times
Frequently Asked Questions about Indian Renewable Energy Development Agency Limited IPO
When will Indian Renewable Energy Development Agency Limited IPO open for subscription?
The Indian Renewable Energy Development Agency Limited IPO opens on 21 Nov, 2023 and closes on 23 Nov, 2023.
What is the investors portion for Indian Renewable Energy Development Agency Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is .
How to apply for Indian Renewable Energy Development Agency Limited IPO?
You can apply for Indian Renewable Energy Development Agency Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Indian Renewable Energy Development Agency Limited IPO?
The issue size of Indian Renewable Energy Development Agency Limited IPO is approx ₹Total ₹2150.21 Cr :#Fresh Issue : 403,164,706 shares(aggregating up to ₹1,290.13 Cr) +#OFS : 268,776,471 shares of ₹10(aggregating up to ₹860.08 Cr) crores.
What is the price band of Indian Renewable Energy Development Agency Limited IPO?
The price band for Indian Renewable Energy Development Agency Limited IPO is ₹30 to ₹32 per equity share.
What is the lot size of Indian Renewable Energy Development Agency Limited IPO?
The minimum bid (lot size) for Indian Renewable Energy Development Agency Limited IPO is N/A shares with an investment of approx ₹14,720 .
What is the allotment date of Indian Renewable Energy Development Agency Limited IPO?
The allotment date for Indian Renewable Energy Development Agency Limited IPO is 25 Nov, 2023.
What is the listing date of Indian Renewable Energy Development Agency Limited IPO?
The listing date for Indian Renewable Energy Development Agency Limited IPO is expected to be 29 Nov, 2023.
What is the GMP of Indian Renewable Energy Development Agency Limited IPO?
The latest Grey Market Premium (GMP) for Indian Renewable Energy Development Agency Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.