The IREDA 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. IREDA was officially listed on the stock exchange on December 4, 2023.
During the IPO, IREDA 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.
IREDA Limited IPO Subscription Update Video
IREDA IPO Subscription Status
The IREDA 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 |
IREDA IPO Basic Details
| Company Name | Indian Renewable Energy Development Agency Limited |
| Domain of Company | Finance Company |
| IREDA IPO GMP Today | ₹4 |
| IREDA IPO Listing Gain | 12.50% |
| 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) |
About IREDA Limited
Indian Renewable Energy Development Agency Limited (IREDA), 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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IREDA IPO FAQs
What is the start and end date of IREDA IPO Subscription?
The IREDA IPO started on November 21, 2023, and ended on November 23, 2023.
When does IREDA IPO Subscription open?
The IREDA IPO open on November 21, 2023.
When does IREDA IPO Subscription close?
The IREDA IPO Close on November 23, 2023.
What is the allotment date of IREDA IPO?
The allotment date for IREDA IPO is November 29, 2023.
When is the initial refund date of IREDA IPO?
The initial Refund date for IREDA IPO is November 30, 2023.
When were the shares credited to investors demat accounts for the IREDA IPO?
The shares for the IREDA IPO were credited to investors demat accounts on November 1, 2023.
When will IREDA IPO be listed on the stock market?
IREDA IPO stock market will be listed on November 4, 2023 at 10 am.
What was the price range of the IREDA IPO shares?
The IREDA IPO shares were offered at a price range of ₹30 to ₹32 per share.
What was the lot size for the IREDA IPO shares?
The lot size for the IREDA IPO shares was 460 shares.
What was the total issue size of the IREDA IPO?
The total issue size of the IREDA IPO was ₹2,150.21 crores.
How were the shares allocated among different types of investors for the IREDA 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 IREDA IPO listed?
The IREDA IPO was listed on both the NSE and BSE.
What is the IREDA IPO Subscription Status?
IREDA IPO is subscribed 104.57 Times.
