Indian Renewable Energy Development Agency – IREDA IPO Details

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.

IREDA logo


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)

ParticularsFor the year ended (₹ in million)
Total Assets504,469.83367,084.05302,933.91
Total income34,830.4428,741.5526,577.44
Total Expenses23,437.9620,403.1520,882.28
Profit After Tax8,646.286,335.283,463.81

IREDA IPO Price – Details

DescriptionIPO Details
Public IssueInitial 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 Date21-Nov-23
Issue Close Date23-Nov-23
Issue TypeBook Building
IPO Price Band₹ 30 – ₹ 32
Face Value₹ 10
Market Lot460 Equity Shares and in multiples thereof
Minimum Order Quantity460 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
ListingNSE, BSE
IPO Market Timings10.00 a.m. to 5.00 p.m.



ApplicationLotsNo of SharesAmount (Rs)

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

Bid / Offer Opens on21-Nov-23
Bid / Offer Closes on23-Nov-23
Finalisation of Basis of Allotment28-Nov-23
Initiation of refunds28-Nov-23
Credit of the Equity Shares29-Nov-23
Listing Date01-Dec-23

Company Corporate Office

3rd Floor, August Kranti Bhavan,
Bhikaji Cama Place,
New Delhi – 110 066

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


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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