Indian Renewable Energy Development Agency Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹30 - ₹32
- Lot size
- 460 shares
- Issue amount
- ₹2,150.21 cr
- Total subscription
- 38.8×
- Opens
- 21 Nov 2023
- Closes
- 23 Nov 2023
- Allotment
- 25 Nov 2023
- Listing
- 29 Nov 2023
Offer at a glance
Issue overview
- Issue size
- 67,19,41,177 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹13,800
- Fresh issue
- ₹1,290.13 cr
- Offer for sale
- ₹860.08 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,720
- Issue type
- Book Built Issue IPO
- Shares before issue
- 2,28,46,00,000
- Shares after issue
- 2,68,77,64,706
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 460 | ₹14,720 |
| sHNI | 14 | 6,440 | ₹2,06,080 |
| bHNI | 68 | 31,280 | ₹10,00,960 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 428.84 | 44,843.32 |
| RETAIL | 750.47 | 5,799.28 |
| NIB | 321.63 | 7,770.51 |
| HNIs 2+ | 107.21 | 1,983.89 |
| HNIs 10+ | 214.42 | 5,786.62 |
| EMPLOYEES | 6 | 58.79 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 3.78 |
| ROE | 15.44 |
| ROCE | 0 |
| RONW | 15.44 |
| PRE IPO(PE) | 8.47 |
| POST IPO(PE) | 7.42 |
Values and labels as reported in the issue data.
Company information
Company profile
Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned public limited company, established in March 1987. It operates under the Ministry of New and Renewable Energy (MNRE) and holds the Mini Ratna (Category - I) status. In the financial year 2021-22, IREDA achieved record-breaking loan sanctions of approximately ₹23,921.06 crores and loan disbursements of around ₹16,070.82 crores. With over 36 years of experience, IREDA has been a key player in promoting and financing renewable energy projects, energy efficiency, and conservation initiatives. The company provides a wide range of financial products and services, supporting projects from inception to completion. This includes funding for renewable energy generation, equipment manufacturing, and transmission infrastructure. Committed to driving a greener and more sustainable future, IREDA ensures its clients receive expert guidance and financial support throughout their projects. As of June 30, 2023, its diversified portfolio of outstanding term loans stands at ₹472,066.63 million.
Promoters
The President of India acting through The Ministry of New & Renewable Energy, Government of India
Read the latest IPO market update.
Registrar & documents
Lead manager
Bob Capital Markets Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
India Habitat Centre East Court, Core 4A, 1stFloor, Lodhi Road, New Delhi–110003
+91 11 24682206
[email protected]Company website ↗Understanding IREDA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.