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Indian Renewable Energy Development Agency Limited IPO
Issue Size (Net)
up to Rs.2,150.21 Cr
Price Band
Rs.30 to Rs.32 per share
Issue Opens
November 21, 2023
Issue Closes
November 23, 2023

Company Highlights

1.Company Information

Incorporated in March 1987,Indian Renewable Energy Development Agency Limitedis a public limited government company. IREDA is a Mini Ratna (Category - I) government enterprise. It is administratively controlled by the Ministry of New and Renewable Energy (MNRE). In FY 2021-22, IREDA achieved the highest-ever loan sanctions of around Rs. 23921.06 crores and loan disbursements of around Rs. 16070.82 crores.

IRDEA is an experienced financial institution that has been actively promoting, developing, and extending financial assistance for new and renewable energy projects, as well as energy efficiency and conservation projects for over 36 years. The company offers 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. IRDEA is committed to facilitating the transition towards a greener and more sustainable future, and as a reliable partner, the company ensure that its clients receive the best possible support and guidance throughout their projects.

As of June 30, 2023, the company has a diversified portfolio of Term Loans Outstanding, amounting to ₹ 472,066.63 million.

2. Objects of the Issue
1.Augmenting the capital base to meet future capital requirements and onwardlending.

2.The Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India.

2.IREDA IPO Registrar
Link Intime India Private Ltd

Phone:+91-22-4918 6270

Email: indianrenergy@linkintime.co.in

Website: https://linkintime.co.in/mipo/ipoallotment.html

Indian Renewable Energy Development Agency Limited Financial Information (Restated Standalone)

Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-sep-23
51208.36
2320.46
579.32
6580.61
2550.36
39850.19
31-Mar-23
50446.98
3483.04
864.63
5935.17
2310.96
40165.23
31-Mar-22
36708.41
2874.16
633.53
5268.11
1776.05
27613.07
31-Mar-21
30293.39
2657.74
346.38
2995.60
1386.12
24000.00
Amount in Rs. Crore

IREDA IPO Details

Issue Opening Date
November 21, 2023
Issue Closing Date
November 23, 2023
Face Value
Rs.10 per share
Price
Rs.30 to Rs.32 per share
Lot Size
460 Shares
Issue Size
671,941,177 shares (aggregating up to Rs.2,150.21 Cr)
Offer for Sale
268,776,471 shares of Rs.10 (aggregating up to Rs.860.08 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

IREDA IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Tuesday, November 21, 2023
Closing Date
Thursday, November 23, 2023
Basis of Allotment
Wednesday, November 29, 2023
Initiation of Refunds
Thursday, November 30, 2023
Credit of Shares to Demat
Friday, December 1, 2023
Listing Date
Monday, December 4, 2023
Cut-off time for UPI mandate confirmation
5 PM on November 23, 2023

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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