Indian Renewable Energy Development Agency (IREDA) is a wholly owned Government of India (“GoI”) enterprise under the administrative control of the Ministry of New and Renewable Energy (the “MNRE”). The Company was notified as a“Public Financial Institution” (“PFI”) under Section 4A of the Companies Act, 1956 by the Department of Company Affairs, Ministry of Law, Justice and Company Affairs, Government of India on October 17, 1995 and is registered with the Reserve Bank of India (the “RBI”) as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFC-ND-SI”), with Infrastructure Finance Company (“IFC”) status.
IREDA is a financial institution with over 36 years of experience in the business of promoting, developing, and 241 extending financial assistance for new and renewable energy (“RE”) projects, and energy efficiency and conservation (“EEC”) projects. They provide a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.
As of June 30, 2023, they had a diversified portfolio of Term Loans Outstanding, amounting to ₹472,066.63 million, as outlined in “Competitive Strengths – Track record of growth, geared towards high-quality assets, diversified asset book, and stable profitability” as per the DRHP filed. The company financed projects across multiple RE sectors such as solar power, wind power, hydropower, transmission, biomass including bagasse and industrial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC, and green-mobility. They also offer financial products and schemes for new and emerging RE technologies such as biofuel, green hydrogen and its derivatives, battery energy storage systems, fuel cells, and hybrid RE projects. They offer a comprehensive suite of financial products and services including various fund-based and non fund-based products. Some of our key fund-based products for RE developers are long-term, medium-term, and short-term loans (for projects, manufacturing, and equipment financing), top-up loans, bridge loans, takeover financing, and loans against securitization of future cash flows. They also provide line of credit to other NBFCs for on-lending to RE and EEC projects.
Objects of the Issue
- Gross proceeds of the Fresh Issue
- Less: Fresh Issue related expenses*
- Net Proceeds
IREDA IPO Review (Apply or Not)
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IREDA IPO Date & Price Band Details
|IPO Open:||November 21, 2023|
|IPO Close:||November 23, 2023|
|IPO Size:||Approx ₹2150 Crores|
|Fresh Issue:||Approx ₹1290 Crores|
|Offer for Sale:||Approx 268,776,471 shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹30 to ₹32 Per Share|
|IPO Listing on:||BSE & NSE|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors List:||Click Here|
IREDA IPO Market Lot
The IREDA IPO minimum market lot is 460 shares with ₹14,720 application amount. The retail investors can apply up-to 13 lots with 5980 shares or ₹191,360 amount.
IREDA IPO Allotment & Listing Dates
The IREDA IPO date is November 21 and the close date is November 23. The IREDA IPO allotment will be finalized on November 25 and the IPO listing on November 29
|Anchor Investors Allotment:||November 20, 2023|
|IPO Open Date:||November 21, 2023|
|IPO Close Date:||November 23, 2023|
|Basis of Allotment:||November 25, 2023|
|Refunds:||November 26, 2023|
|Credit to Demat Account:||November 28, 2023|
|IPO Listing Date:||November 29, 2023|
IREDA IPO Form
How to apply for the IREDA IPO? You can apply for IREDA IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IREDA IPO in the Invest section. The other option is you can apply for IREDA IPO via IPO forms downloaded via NSE and BSE. Check out the IREDA forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
IREDA Company Financial Report
|₹ in Crores|
IREDA IPO Valuation – FY2023
Check IREDA IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
|Earning Per Share (EPS):||₹1.29 per Equity Share|
|Price/Earning P/E Ratio:||N/A|
|Return on Net Worth (RoNW):||15.43%|
|Net Asset Value (NAV):||₹25.98 per Equity Share|
- REC Limited
- Power Finance Corporation
- THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF NEW AND RENEWABLE ENERGY, GOVERNMENT OF INDIA
IREDA IPO Registrar
Link Intime India Private Limited
Telephone: +91 81 0811 4949
E-mail: [email protected]
IREDA IPO Allotment Status Check
Check IREDA IPO allotment status on Linkintime website allotment URL. Click Here
IREDA IPO Lead Managers aka Merchant Bankers
- BOB Capital Markets Limited
- SBI Capital Markets Limited
- IDBI Capital Markets & Securities Limited
India Habitat Centre, East Court,
Core 4A, 1stFloor, Lodhi Road,
New Delhi –110003, India
Telephone: +91 11 24682214
E-mail: [email protected]
IREDA IPO FAQs
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Note: The IREDA IPO price band and date are officially announced. The IPO grey market premium (IREDA IPO Premium) will be added to the IPO grey market page as it will start).
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