Indian Renewable Energy Development Agency Limited (IREDA) IPO Detail
Company PromotersThe President of India acting through The Ministry of New & Renewable Energy, Government of India.
|IPO Opening Date||Nov 21, 2023|
|IPO Closing Date||Nov 23, 2023|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹30 - 32 per equity share|
|Market Lot||460 Shares|
|Min Order Quantity||460 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹2,150.21 Cr|
|Fresh Issue||₹1,290.13 Cr|
|Offer for Sale||₹860.08 Cr|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Indian Renewable Energy Development Agency Limited (IREDA) IPO open date is Nov 21, 2023, and the close date is Nov 23, 2023. The issue may list on Nov 29, 2023.
|IPO Open Date||Nov 21, 2023|
|IPO Close Date||Nov 23, 2023|
|Basis of Allotment Date||Nov 24, 2023|
|Initiation of Refunds||Nov 25, 2023|
|Credit of Shares to Demat Account||Nov 28, 2023|
|IPO Listing Date||Nov 29, 2023|
IPO Lot Size
The Indian Renewable Energy Development Agency Limited (IREDA) IPO market lot size is 460 shares. A retail-individual investor can apply for up to 13 lots (5980 shares or ₹191360).
IPO Promoter Holding
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||75%|
For the year/period ended (₹ in Cr.)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:The Offer comprises the Fresh Issue and the Offer for Sale. The company will not receive any proceeds from the Offer for Sale. Further, the proceeds of the Offer for Sale shall be received by the Promoter Selling Shareholder and will not form part of the Net Proceeds. The company intends to utilize the net proceeds for the following objects:-
(i)Augmenting the capital base to meet future capital requirements and onwardlending.
(ii)The Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India.
Indian Renewable Energy Development Agency Limited (IREDA) IPO Registrar:
Link Intime India Private Ltd
Indian Renewable Energy Development Agency Limited (IREDA) IPO Lead Manager(s):
Bob Capital Markets Limited SBI Capital Markets Limited
Company Contact Information:
Indian Renewable Energy Development Agency Limited (IREDA)
India Habitat Centre
East Court, Core 4A,
1stFloor, Lodhi Road, New Delhi–110003