Indian Renewable Energy Development Agency Limited
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₹13.5(42.19%)
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Indian Renewable Energy Development Agency Limited's has transitioned to a publicly listed entity following its IPO debut on Nov 29, 2023 at the NSE, BSE exchange. The public offering successfully raised 67,19,41,177 Shares, consisting of 40,31,64,706 Sharesin new capital and ₹860.08 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹30 to ₹32 and minimum application size of 460 shares. Market reception was evidenced through subscription activity between Nov 21, 2023 and Nov 23, 2023, reflecting investor appetite for the offering.
Allotment of shares was completed on Nov 25, 2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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The President of India acting through The Ministry of New & Renewable Energy, Government of India
Indian Renewable Energy Development Agency Limited
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