Indian Renewable Energy Development Agency IPO GMP Today

The Indian Renewable Energy Development Agency IPO commenced on November 21, 2023, and concluded on November 23, 2023. The allotment of shares took place on November 29, 2023, and the initiation of refunds began on November 30, 2023. The shares were credited to the demat accounts of investors on December 1, 2023. Finally, the listing of Indian Renewable Energy Development Agency on the stock exchange occurred on December 4, 2023.

The Indian Renewable Energy Development Agency IPO was priced at ₹30 to ₹32 per share, with a lot size of 460 shares. The total issue size was ₹2,150.21 crores, comprising a fresh issue of ₹1,290.13 crores and an offer for sale of ₹860.08 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Indian Renewable Energy Development Agency Limited IPO Basic Details

Indian Renewable Energy Development Agency IPO GMP Today:

Indian Renewable Energy Development Agency IPO Details:

Founded in March 1987, the Indian Renewable Energy Development Agency Limited (IREDA) is a public company backed by the government. It’s not just any government enterprise; it holds the esteemed title of being a Mini Ratna (Category – I) government enterprise. The Ministry of New and Renewable Energy (MNRE) keeps things in check administratively.

Now, let’s talk numbers. In the fiscal year 2021-22, IREDA hit a milestone by approving loans totaling around Rs. 23,921.06 crores and disbursing about Rs. 16,070.82 crores.

IREDA isn’t a newcomer in the financial scene; it’s been around for a solid 36 years. What’s its forte? Promoting, developing, and financially supporting new and renewable energy projects, along with projects focused on energy efficiency and conservation. The company covers everything from the initial project idea to post-commissioning, offering an array of financial products and services. Whether you’re into renewable energy projects or part of the value chain like equipment manufacturing and transmission, IREDA has your back.

Beyond the numbers and projects, IREDA has a vision. It’s all about steering the ship towards a greener, more sustainable future. Acting as a steadfast partner, IREDA ensures its clients get the best support and guidance throughout their projects.

Fast forward to June 30, 2023, and the company proudly holds a diverse portfolio of Term Loans Outstanding, totaling ₹472,066.63 million. That’s IREDA in a nutshell – making strides in the renewable energy landscape for over three decades.

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