The Indian Renewable Energy Development Agency IPO started on November 21, 2023, and ended on November 23, 2023. Shares were allocated on November 29, 2023, and refund processes began on November 30, 2023. On December 1, 2023, the shares were credited to investors demat accounts. Indian Renewable Energy Development Agency was officially listed on the stock exchange on December 4, 2023.
During the IPO, Indian Renewable Energy Development Agency offered shares at a price range of ₹30 to ₹32 per share, and the lot size was 460 shares. The total issue size was ₹2,150.21 crores, with ₹1,290.13 crores from new shares and ₹860.08 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Indian Renewable Energy Development Agency limited IPO Subscription Update Video
Indian Renewable Energy Development Agency IPO Subscription Status
The Indian Renewable Energy Development Agency IPO on November 23, 2023 was subscribed 38.80 times, with the retail category being subscribed 7.73 times, the NII (Non-Institutional Investor) category being subscribed 24.16 times, the QIB (Qualified-Institutional Buyers) category being subscribed 104.57 times.
| Category | Subscription |
| QIB | 104.57x |
| NII | 24.16x |
| Retail | 7.73x |
| Employee | 9.80x |
| Total | 38.80x |
Indian Renewable Energy Development Agency IPO Basic Details
| Company Name | Indian Renewable Energy Development Agency Limited |
| Domain of Company | Finance Company |
| Indian Renewable Energy Development Agency IPO GMP Today | ₹4 |
| Indian Renewable Energy Development Agency IPO Listing Gain | 12.50% |
| Indian Renewable Energy Development Agency IPO Open Date | November 21, 2023 |
| Indian Renewable Energy Development Agency IPO Close Date | November 23, 2023 |
| Indian Renewable Energy Development Agency IPO Allotment Date | November 29, 2023 |
| Indian Renewable Energy Development Agency IPO Listing Date | December 4, 2023 |
| Face Value | ₹10 per share |
| Price | ₹30 to ₹32 per share |
| Lot Size | 460 Shares |
| Issue Size | 671,941,177 shares of ₹10 (aggregating up to ₹2,150.21 Cr) |
| Fresh Issue | 403,164,706 shares of ₹10 (aggregating up to ₹1,290.13 Cr) |
| Offer for Sale | 268,776,471 shares of ₹10 (aggregating up to ₹860.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | The President of India (The Ministry of New & Renewable Energy, Government of India) |
About Indian Renewable Energy Development Agency Limited
Indian Renewable Energy Development Agency Limited, established in March 1987, is a government company. It’s like a special kind of government company called Mini Ratna (Category – I), and the Ministry of New and Renewable Energy (MNRE) keeps an eye on it. In the fiscal year 2021-22, they approved loans totaling about Rs. 23,921.06 crores and actually gave out around Rs. 16,070.82 crores.
IREDA is not new to this game. They’ve been around for 36 years, doing the money stuff for projects that use new and renewable energy or try to save energy. From the start of an idea to after it’s all up and running, IREDA helps out with money and services. They’re all about making things greener and more sustainable. And if you’re working with them, they promise to stick with you, helping and guiding you through your project.
As of June 30, 2023, they’ve got a big pile of Term Loans Outstanding, adding up to ₹ 472,066.63 million.
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Indian Renewable Energy Development Agency IPO FAQs
What is the start and end date of Indian Renewable Energy Development Agency IPO Subscription?
The Indian Renewable Energy Development Agency IPO started on November 21, 2023, and ended on November 23, 2023.
When does Indian Renewable Energy Development Agency IPO Subscription open?
The Indian Renewable Energy Development Agency IPO open on November 21, 2023.
When does Indian Renewable Energy Development Agency IPO Subscription close?
The Indian Renewable Energy Development Agency IPO Close on November 23, 2023.
What is the allotment date of Indian Renewable Energy Development Agency IPO?
The allotment date for Indian Renewable Energy Development Agency IPO is November 29, 2023.
When is the initial refund date of Indian Renewable Energy Development Agency IPO?
The initial Refund date for Indian Renewable Energy Development Agency IPO is November 30, 2023.
When were the shares credited to investors demat accounts for the Indian Renewable Energy Development Agency IPO?
The shares for the Indian Renewable Energy Development Agency IPO were credited to investors demat accounts on November 1, 2023.
When will Indian Renewable Energy Development Agency IPO be listed on the stock market?
Indian Renewable Energy Development Agency IPO stock market will be listed on November 4, 2023 at 10 am.
What was the price range of the Indian Renewable Energy Development Agency IPO shares?
The Indian Renewable Energy Development Agency IPO shares were offered at a price range of ₹30 to ₹32 per share.
What was the lot size for the Indian Renewable Energy Development Agency IPO shares?
The lot size for the Indian Renewable Energy Development Agency IPO shares was 460 shares.
What was the total issue size of the Indian Renewable Energy Development Agency IPO?
The total issue size of the Indian Renewable Energy Development Agency IPO was ₹2,150.21 crores.
How were the shares allocated among different types of investors for the Indian Renewable Energy Development Agency IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Indian Renewable Energy Development Agency IPO listed?
The Indian Renewable Energy Development Agency IPO was listed on both the NSE and BSE.
What is the Indian Renewable Energy Development Agency IPO Subscription Status?
Indian Renewable Energy Development Agency IPO is subscribed 104.57 Times.
