Indian Renewable Energy Development Agency Limited IPO
Indian Renewable Energy Development Agency Limited IPO
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Indian Renewable Energy Development Agency Limited's has transitioned to a publicly listed entity following its IPO debut on 29-11-2023 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 21-11-2023 and 23-11-2023, reflecting investor appetite for the offering.
Allotment of shares was completed on 25-11-2023, 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 IPO About Company
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."
Indian Renewable IPO Strength Factors
NA
Indian Renewable IPO Risk Factors
NA
Indian Renewable IPO Lead Manager(s)
- Bob Capital Markets Limited
- SBI Capital Markets Limited
Indian Renewable IPO Promoter(s)
The President of India acting through The Ministry of New & Renewable Energy, Government of India
Indian Renewable IPO FAQs
Indian Renewable Energy Development Agency Limited IPO subscribed 38.8 times. The public issue subscribed 7.73 times in the retail category,104.57times in QIB, and 26.99 times in the HNI (10+) category byApril 4, 2025 9:07:25 AM (Day 4).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Indian Renewable IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Indian Renewable IPO FAQs
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