Indian Renewable Energy Development Agency Ltd
Price Range
₹30 - ₹32
Min. Quantity
460
Closes on
23 November 2023
Min. investment
₹14,720/5,980 Shares
Indian Renewable Energy Development Agency Ltd IPO Timeline
Indian Renewable Energy Development Agency Limited (IREDA) was incorporated on March 11, 1987 as a Public Limited Company and obtained the Certificate of Commencement of Business dated March 21, 1987. The Company was notified as a Public Financial Institution on October 17, 1995, by the Department of Company Affairs, Ministry of Finance, GoI. Further, the Reserve Bank of India granted a Certificate of Registration to the Company on January 23, 2008, permitting to carry on the business of Non-Banking Financial Company without accepting public deposits.
| Event | Date |
|---|---|
| Indian Renewable Energy Development Agency Ltd IPO Opening Date | 21 November 2023 |
| Indian Renewable Energy Development Agency Ltd IPO Closing Date | 23 November 2023 |
| Basis of Allotment | 28 November 2023 |
| Initiation of Refunds | 28 November 2023 |
| Credit of Shares to Demat | 29 November 2023 |
| Indian Renewable Energy Development Agency Ltd IPO Listing Date | 29 November 2023 |
Indian Renewable Energy Development Agency Ltd IPO Details
| Indian Renewable Energy Development Agency Ltd IPO Date | 21 November 2023 to 23 November 2023 |
| Indian Renewable Energy Development Agency Ltd IPO Face Value | ₹10 per share |
| Indian Renewable Energy Development Agency Ltd IPO Price | ₹30 to ₹32 per share |
| Indian Renewable Energy Development Agency Ltd IPO Lot Size | 460 |
| Issue Size | Shares of ₹10 (aggregating up to ₹2,150.21 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹1290.13 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹860.08 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 13,40,13,152 of the Net Offer |
| Retail Shares Offered | Not less than 23,45,23,015 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 10,05,09,864 of the Net Offer |
| Company Promoters | The President of India |
Indian Renewable Energy Development Agency Ltd IPO Lot Size
The Indian Renewable Energy Development Agency Ltd IPO lot size is 460 shares. A retail-individual investor can apply for up to 13 lots (5,980 shares or ₹1,91,360).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 460 | ₹14,720 |
| Maximum | 13 | 5,980 | ₹1,91,360 |
- Strengths
- Risks
- Opportunities
- Track record of growth, geared towards high quality assets, diversified asset book and stable profitability.
- Strategic role in Government of India initiatives in the Renewable Energy sector.
- Established and trusted brand name operating in a rapidly expanding sector.
- Digitized process for borrower centricity and operational scalability, with presence across India.
- Comprehensive data-based credit appraisal process and risk-based pricing, with efficient post-disbursement project monitoring and recovery processes.
- Access to diversified and cost-effective long-term sources of borrowing with a [judicious approach] towards asset-liability management.
- Experienced senior management with in-depth sector expertise and professionally qualified employee base.
Company Financials
Indian Renewable Energy Development Agency Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 62,600.42 | 4,965.29 | 1252.23 |
| 03-2023 | 50,447 | 3,483.04 | 864.63 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of the Equity Shares on the Stock Exchanges
Indian Renewable Energy Development Agency Ltd IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 75% |
Indian Renewable Energy Development Agency Ltd IPO Subscription Status (Bidding Detail)
The Indian Renewable Energy Development Agency Ltd IPO is subscribed 38.8 times on 23 November 2023 05:00:00 PM. The public issue subscribed 7.73 times in the retail category, 104.57 times in the QIB category, and 24.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 104.57 | 24.16 | 7.73 | 9.8 | 38.8 |
Indian Renewable Energy Development Agency Ltd IPO Prospectus
Indian Renewable Energy Development Agency Ltd IPO Listing Date
| Listing Date | 29 November 2023 |
| BSE Script | 544026 |
| NSE Symbol | IREDA |
| Listing In | BSE, NSE |
| ISIN | INE202E01016 |
| IPO Price | ₹32 |
| Face Value | ₹10 |
Company Contact Information
India Habitat Centre 1st FloorEast Court Core-4 A Lodhi Road,New Delhi-110003
Phone: +91 11 2468 2214
Email: equityinvestor2023@ireda.in
Website: https://www.ireda.in/home
Indian Renewable Energy Development Agency Ltd IPO Registrar
Indian Renewable Energy Development Agency Ltd IPO Lead Manager(s)
- IDBI Capital Markets & Securities Ltd
- BOB Capital Markets Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Indian Renewable Energy Development Agency Ltd IPO?
I have pre-applied for Indian Renewable Energy Development Agency Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.