The IREDA 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 IREDA on the stock exchange occurred on December 4, 2023.
The IREDA 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.
IREDA Limited IPO Basic Details
|Company Name||Indian Renewable Energy Development Agency Limited|
|Domain of Company||Finance Company|
|IREDA IPO Open Date||November 21, 2023|
|IREDA IPO Close Date||November 23, 2023|
|IREDA IPO Allotment Date||November 29, 2023|
|IREDA 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)
IREDA IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|20 November 2023||₹6||18.75%||–||–|
|19 November 2023||₹4||12.50%||–||–|
|18 November 2023||₹4||12.50%||–||–|
|17 November 2023||₹4||12.50%||–||–|
|16 November 2023||₹4||12.50%||–||–|
IREDA 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.
IREDA IPO More Details Click Here
IREDA IPO FAQs
When is IREDA IPO open?
IREDA IPO will open on 21 November 2023.
When is IREDA IPO Close?
IREDA IPO will be closed on 23 November 2023.
What is IREDA IPO GMP Today?
The IREDA IPO GMP aka Grey Market Premium is ₹6.
What is IREDA IPO Kostak Rates Today?
The IREDA IPO Kostak Rate is ₹000.
What is IREDA IPO Subject to Sauda Price Today?
The IREDA IPO subject to sauda rates is ₹000.
IREDA IPO Expected Returns?
The IREDA expected return is 18.75%.
How much will be the listing gain in IREDA IPO?
IREDA IPO will get listing gain of 18.75%. (Approx.)