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Indian Renewable Energy Development Agency Ltd.

Indian Renewable Energy Development Agency Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹32
₹32
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹32
Based on GMP
Min. Investment
₹14,720
1 lot × 460 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
21 Nov 2023
Close Date
23 Nov 2023
Allotment
24 Nov 2023
Listing Date
29 Nov 2023
Exchange
NSE & BSE
Price Band
₹32
Listing Price
See chart
Allotment Status
Price Band
₹32
Per share
Face Value
₹10 per share
 
Lot Size
460 Shares
per lot
Issue Size
67,19,41,177 shares (aggregating up to ₹2,150.21 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,720
1 lot
Post-IPO Holding
2,68,77,64,706 shares
Promoters
P/E (Pre)
8.47x
 
P/E (Post)
7.42x
 
EPS (Pre)
₹3.78
 
UPI Deadline
2023-11-23
Mandate
Anchor AllotmentMon, 20 Nov 2023
Basis of AllotmentFri, 24 Nov 2023
Refund InitiationSat, 25 Nov 2023
Demat CreditTue, 28 Nov 2023
Listing DayWed, 29 Nov 2023
UPI Mandate Deadline2023-11-23
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares40,31,64,706 shares (aggregating up to ₹1,290.13 Cr)
Offer for Sale26,87,76,471 shares of ₹10 (aggregating up to ₹860.08 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Indian Renewable Energy Development Agency Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 23 Nov 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
671,941,177
100% ₹2,150.21
IPO Shares Offered
Indian Renewable Energy Development Agency Ltd. IPO total issue size: ₹2,150.21 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 671,941,177 ₹2,150.21
100.00%
* Based on upper price band ₹32 per share
Lot Size & Investment
Lot Size
460
Shares per Lot
Issue Price
₹32.00
Upper Band
Min Investment
₹14,720
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2920₹29,440
Retail (Max — 13 Lots)135,980₹191,360
S-HNI (Min — 14 Lots)146,440₹206,080
B-HNI (Min — 68 Lots)6831,280₹1,000,960
* Issue Price ₹32 × Lot Size 460 shares
IPO Schedule
Anchor
20 Nov 2023
✓ Done
IPO Open
21 Nov 2023
✓ Done
IPO Close
23 Nov 2023
✓ Done
Allotment
24 Nov 2023
✓ Done
Refunds
25 Nov 2023
✓ Done
Demat Credit
28 Nov 2023
✓ Done
Listing Day
29 Nov 2023
✓ Done
Indian Renewable Energy Development Agency Ltd. — Live Price LIVE
₹32.00
INR · BSE
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Issue ₹32.00 Live Price
About Indian Renewable Energy Development Agency Ltd.
Incorporated in March 1987, Indian Renewable Energy Development Agency Limited is a public limited government company.IREDA 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. IREDA 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 on March 31, 2023, our Term Loans Outstanding stood at ₹ 470,755.21 million, compared to ₹ 278,539.21 million as on March 31, 2021, increasing at a CAGR of 30.00%, and as of September 30, 2022 and September 30, 2023, our Term Loans Outstanding were ₹ 337,833.59 million and ₹ 475,144.83 million, respectively.As of September 30, 2023, the company have 175 employees out of which 152 are professionally qualified with engineering, finance, legal, human resource and IT background.
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.
Indian Renewable Energy Development Agency Ltd. Financials (Amount in Crore)
Revenue from Operations
₹2,874.2
31 Mar 2022
₹3,483.0
31 Mar 2023
₹2,320.5
30 Sep 2023
Profit After Tax (PAT)
₹633.5
31 Mar 2022
₹864.6
31 Mar 2023
₹579.3
30 Sep 2023
Particulars30 Sep 202331 Mar 202331 Mar 2022
Revenue from Operations 2320.46 3483.04 2874.16
EBITDA N/A N/A N/A
Profit After Tax (PAT) 579.32 864.63 633.53
Net Worth 6580.61 5935.17 5268.11
Total Assets 51208.36 50446.98 36708.41
Reserves & Surplus 2550.36 2310.96 1776.05
Borrowings 39850.19 40165.23 27613.07
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
15.44%
RoNW
15.44%
Debt/Equity
6.77
Issue Structure & Shareholding
Total Shares Offered67,19,41,177 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter HoldingN/A
Post-Issue Promoter Holding2,68,77,64,706 shares
P/BV RatioN/A
RoE15.44%
RoCEN/A
Debt / Equity6.77
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
IDBI Capital Markets Services Ltd.
BOB Capital Markets Ltd.
SBI Capital Markets Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Indian Renewable Energy Development Agency Ltd. IPO subscribed?

Indian Renewable Energy Development Agency Ltd. IPO is subscribed 1.00 times by Nov 23, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Indian Renewable Energy Development Agency Ltd. IPO retail subscription status?

The Indian Renewable Energy Development Agency Ltd. IPO retail category is subscribed 1.00 times as of 23 Nov 2023. The retail portion is oversubscribed.

How to subscribe Indian Renewable Energy Development Agency Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 21 Nov 2023 and closes 23 Nov 2023. Min investment: ₹14,720 (1 lot = 460 shares). UPI mandate: 2023-11-23.

How many times Indian Renewable Energy Development Agency Ltd. IPO subscribed?

The Indian Renewable Energy Development Agency Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Indian Renewable Energy Development Agency Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Nov 2023. Refunds: on 25 Nov 2023.

When Indian Renewable Energy Development Agency Ltd. IPO will be listed?

The Indian Renewable Energy Development Agency Ltd. IPO listing date is 29 Nov 2023, Wednesday. Listed on: NSE & BSE. Issue price: ₹32. Estimated listing: ₹32. GMP: NIL.

When Indian Renewable Energy Development Agency Ltd. IPO close?

The Indian Renewable Energy Development Agency Ltd. IPO closes on 23 Nov 2023, Thursday. UPI mandate: 2023-11-23. Allotment: 24 Nov 2023. Listing: 29 Nov 2023.