IREDA IPO subscription is to open on Nov 21, 2023 and will close on Nov 23, 2023, the price band of the IREDA IPO is fixed at ₹ 30 – ₹ 32.
Table of Contents
About IREDA
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. In September 2023, IREDA has been upgraded from Schedule B to Schedule A in the list of CPSEs by the Department of Public Enterprises (“DPE”). IREDA were also conferred with the Mini Ratna (Category I) status in June 2015 by the DPE. Since Fiscal 2021, IREDA has consistently been rated ‘Excellent’ by the MNRE in course of evaluation of the performance in achieving key targets
IREDA is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (“RE”) projects, and energy efficiency and conservation (“EEC”) projects. IREDA provide a comprehensive range of financial products and related services, from project conceptualisation to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.
Objects of the Issue
- To undertake the existing business activities; and
- To undertake the activities proposed to be funded from the Net Proceeds.
IREDA Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 504,469.83 | 367,084.05 | 302,933.91 |
| Total income | 34,830.44 | 28,741.55 | 26,577.44 |
| Total Expenses | 23,437.96 | 20,403.15 | 20,882.28 |
| Profit After Tax | 8,646.28 | 6,335.28 | 3,463.81 |
IREDA IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 671,941,177 Equity Shares aggregating to ₹ [.] million. The Offer consists of Offer for Sale of up to 268,776,471 Equity Shares and Fresh Issue of 403,164,706 Equity Share of ₹ 10 (aggregating up to ₹ [.] million) |
| Issue Open Date | 21-Nov-23 |
| Issue Close Date | 23-Nov-23 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 30 – ₹ 32 |
| Face Value | ₹ 10 |
| Market Lot | 460 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 460 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | IREDA |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
IREDA IPO DRHP & RHP
IREDA IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 460 | 14,720 |
| Maximum | 13 | 5980 | 191,360 |
IREDA IPO Lead Managers
- IDBI Capital Markets & Securities Limited
- BOB Capital Markets Limited
- SBI Capital Markets Limited
IREDA IPO Registrar
IREDA IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 21-Nov-23 |
| Bid / Offer Closes on | 23-Nov-23 |
| Finalisation of Basis of Allotment | 28-Nov-23 |
| Initiation of refunds | 28-Nov-23 |
| Credit of the Equity Shares | 29-Nov-23 |
| Listing Date | 01-Dec-23 |
Company Corporate Office
3rd Floor, August Kranti Bhavan,
Bhikaji Cama Place,
New Delhi – 110 066
Website: www.ireda.in
Company Registered Office
India Habitat Centre, East Court,
Core 4A, 1st Floor, Lodhi Road,
New Delhi – 110 003
Company Promoters
The President of India
Acting through the Ministry of New and Renewable Energy
Government of India
IREDA IPO – FAQS
What is the IREDA IPO Price?
The IREDA IPO price band is ₹ 30 – ₹ 32 per share
When IREDA IPO will open?
The IREDA IPO opens on Nov 21, 2023 and closes on Nov 23, 2023
What is the lot size of IREDA IPO?
The IREDA IPO lot size is 460 Equity Shares and the minimum order quantity is 460 Equity Shares
Who is the Registrar for IREDA IPO?
The Registrar for IREDA IPO is Link Intime India Private Limited
How to apply in IREDA IPO through UPI?
Check the step by step process here – Click here
How to apply in IREDA IPO through Zerodha?
Check the step by step process here – Click here
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