The Indian Renewable Energy Development Agency Limited (IREDA) is a public limited government company that promotes, develops, and extends financial assistance for renewable energy and energy efficiency/conservation projects. It was established on March 11, 1987 under the Companies Act, 1956. IREDA is a non-banking financial institution under the administrative control of the Ministry of New and Renewable Energy (MNRE).
IREDA’s motto is “ENERGY FOR EVER”. It is a Mini Ratna (Category–I) Government of India Enterprise. For the fiscal year 2023, IREDA’s standalone revenue from operations increased 21.75% to ₹3,481.97 crore.
IREDA’s contact number is +91-11-26766700.
IREDA IPO Timeline
| Particular | Date |
| IPO Open Date | 21 Nov 2023 |
| IPO Close Date | 23 Nov 2023 |
| Allotment Date | 28 Nov 2023 |
| IPO Listing Date | 29 Nov 2023 |
IREDA IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 30 to Rs.32 Per Equity Share |
| Market Lot | 460 Share |
| ISIN Code | |
| Listing At | NSE &ANDBSE |
| Issue Size | Approx. Rs. 2150 Crore. |
IREDA IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 460 | Rs. 14720 |
| Maximum | 13 | 5980 | Rs. 191360 |
| Small HNI (Minimum) | 14 | 6440 | Rs. 206080 |
| Big HNI (Minimum) | 67 | 31280 | Rs. 1000960 |
IREDA IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 50446.98 | 36708.41 | 30293.39 |
| Total Revenue | 3483.04 | 2874.16 | 2657.74 |
| Profit After Tax | 579.32 | 633.53 | 346.38 |
Company Promoters:
The promoters of the company are The President of India acting through The Ministry of New & Renewable Energy, Government of India.
Purpose of the issue
- The Offer comprises the Fresh Issue and the Offer for Sale. The company will not receive any proceeds from the Offer for Sale. Further, the proceeds of the Offer for Sale shall be received by the Promoter Selling Shareholder and will not form part of the Net Proceeds. The company intends to utilize the net proceeds for the following objects:-
- (i)Augmenting the capital base to meet future capital requirements and onwardlending.
- (ii)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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Indian Renewable Energy Development Agency Limited India Habitat Centre East Court, Core 4A, 1stFloor, Lodhi Road, New Delhi–110003 Phone: +91 11 24682206 Email: equityinvestor2023@ireda.in Website: https://www.ireda.in/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: esaf.ipo@damcapital.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
