Indian Renewable Energy Development Agency Limited IPO
Indian Renewable Energy Development Agency Limited IPO is listed on BSE and NSE, priced at ₹30–₹32 per share. The stock debuted at ₹50, delivering a listing gain of 56.3%. The IPO had a lot size of ₹460 shares and a minimum investment of ₹14,720.
Indian Renewable Energy Development Agency Limited IPO
- IPO Dates
- Nov 21, 2023 – Nov 23, 2023
- Price band
- ₹30-32 per equity share
- Minimum Investment
- ₹14,720
- Issue size
- Total ₹2150.21 Cr : #Fresh Issue : 403,164,706 shares(aggregating up to ₹1,290.13 Cr) + #OFS : 268,776,471 shares of ₹10(aggregating up to ₹860.08 Cr)
- Lot size
- 460
- Allotment Date
- Nov 25, 2023
- Listing
- Nov 29, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Nov 21, 2023
Open Date
Completed
-
Nov 23, 2023
Close Date
Completed
-
Nov 25, 2023
Allotment Date
Completed
-
Nov 29, 2023
Listing Date
Completed
Price Summary
- Last closing
- 128.90 (302.81%)
- 52 week high
- 186.58
- 52 week low
- 108.65
- Last update
Indian Renewable Energy Development Agency Limited IPO Essentials
Indian Renewable Energy Development Agency Limited IPO Details
Indian Renewable Energy Development Agency Limited IPO is priced at ₹30-32 per share with a total issue size of Total ₹2150.21 Cr : #Fresh Issue : 403,164,706 shares(aggregating up to ₹1,290.13 Cr) + #OFS : 268,776,471 shares of ₹10(aggregating up to ₹860.08 Cr). The IPO has a lot size of 460 shares and is listed on BSE and NSE.
- Issue price
- ₹30-32 per equity share
- Lot size
- 460 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹2150.21 Cr :
#Fresh Issue : 403,164,706 shares(aggregating up to ₹1,290.13 Cr) +
#OFS : 268,776,471 shares of ₹10(aggregating up to ₹860.08 Cr) - Listing at
- BSE, NSE
- List price
- 50.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Bob Capital Markets Limited, SBI Capital Markets Limited
Indian Renewable Energy Development Agency Limited IPO Details
-
Retail Portion
35% (Number of Retail Applications: 5,09,833 Approx),
(Number of S-HNI Applications : 5,202 Approx),
(Number of B-HNI Applications : 10,405 Approx)
Indian Renewable Energy Development Agency Limited IPO Analytics
Indian Renewable Energy Development Agency Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Indian Renewable Energy Development Agency Limited IPO Subscription Status
Indian Renewable Energy Development Agency Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 134,013,152 |
100,509,864
67,006,576
33,503,288
|
234,523,015 | 1,875,420 | 470,921,451 |
|
Day 1
21-11-23 05:00 PM
|
1.34 x |
2.72x
2.75x
2.66x
|
1.96 x | 2.10 x | 1.95 x |
|
Day 2
22-11-23 05:00 PM
|
2.69 x |
7.74x
7.96x
7.30x
|
4.26 x | 4.99 x | 4.56 x |
|
Day 3
23-11-23 05:00 PM
|
104.57 x |
24.16x
26.99x
18.50x
|
7.73 x | 9.80 x | 38.80 x |
|
Total No. of Applications
|
category wise applications | ||
|---|---|---|---|
| 28,58,909 (Approx) | 5.61 | ||
Indian Renewable Energy Development Agency Limited Valuations
Earnings
- EPS (Post IPO)
- ₹3.78/-
- P/E Ratio
- 8.47
Returns
- RoNW
- 15.44%
Indian Renewable Energy Development Agency Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 50,446.98 | 36,708.41 | 30,293.39 |
| Revenue | 3,483.04 | 2,874.16 | 2,657.74 |
| Profit After Tax | 864.63 | 633.53 | 346.38 |
Indian Renewable Energy Development Agency Limited Company & Offer Insights
About Indian Renewable Energy Development Agency Limited
Indian Renewable Energy Development Agency Limited is a public limited government company. IREDA is a Mini Ratna (Category - I) government enterprise. It is administratively controlled by the Ministry of New and Renewable Energy (MNRE). In FY 2021-22, IREDA achieved the highest-ever loan sanctions of around Rs. 23921.06 crores and loan disbursements of around Rs. 16070.82 crores.
IRDEA is an experienced financial institution that has been actively promoting, developing, and extending financial assistance for new and renewable energy projects, as well as energy efficiency and conservation projects for over 36 years. The company offers a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities such as equipment manufacturing and transmission. IRDEA is committed to facilitating the transition towards a greener and more sustainable future, and as a reliable partner, the company ensure that its clients receive the best possible support and guidance throughout their projects.
As of June 30, 2023, the company has a diversified portfolio of Term Loans Outstanding, amounting to ₹ 472,066.63 million.
Indian Renewable Energy Development Agency Limited Promoter(s)
The President of India acting through The Ministry of New & Renewable Energy, Government of India are the company's promoters of Indian Renewable Energy Development Agency Limited.
Indian Renewable Energy Development Agency Limited IPO Issue Objectives
- •
- 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.
Indian Renewable Energy Development Agency Limited IPO - Anchor Investors
Indian Renewable Energy Development Agency raises Rs 643 crore from anchor investors ahead of IPO.
Marquee names participated in the anchor book included Goldman Sachs, Integrated Core Strategies (Asia), Societe Generale, GAM Star Emerging Equity, BNP Paribas Arbitrage, Moon Capital Trading, and Copthall Mauritius.
Domestic mutual funds and insurance firms that invested in the company through the anchor book include SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon Life India, Kotak Mutual Fund, Aditya Birla Sun Life Trustee, SBI Life Insurance Company, DSP Mutual Fund, Max Life Insurance Company, UTI Mutual Fund, Sundaram Mutual Fund, Baroda BNP Paribas, Kotak Mahindra Life Insurance, and LIC MF.
Indian Renewable Energy Development Agency Limited IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| IREDA | 1.11 | 8.47 | 15.44% | 3,483 |
| REC Limited | 1.38 | 6.90 | 20.4% | 39,486 |
| Power Finance Corporation | 1.10 | 5.71 | 20.3% | 77,568 |
Contact Information
Frequently Asked Questions
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Indian Renewable Energy Development Agency Limited IPO is a book-built IPO worth ₹Total ₹2150.21 Cr : #Fresh Issue : 403,164,706 shares(aggregating up to ₹1,290.13 Cr) + #OFS : 268,776,471 shares of ₹10(aggregating up to ₹860.08 Cr). The price band is ₹30–₹32 per share. The IPO opens on Nov 21, 2023 and closes on Nov 23, 2023. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Indian Renewable Energy Development Agency Limited IPO is ₹30 to ₹32 per share.
The lot size of Indian Renewable Energy Development Agency Limited IPO is 460 shares.
The minimum investment for Indian Renewable Energy Development Agency Limited IPO is approximately ₹14,720 based on the upper price band .
Indian Renewable Energy Development Agency Limited IPO opens on Nov 21, 2023 and closes on Nov 23, 2023.
The allotment date of Indian Renewable Energy Development Agency Limited IPO is Nov 25, 2023.
Indian Renewable Energy Development Agency Limited IPO is expected to be listed on Nov 29, 2023, on BSE and NSE .
Indian Renewable Energy Development Agency Limited IPO listed on Nov 29, 2023. It was issued at ₹50.0(NSE) and is currently around ₹128.90 as on 14-May-2026 3:30 PM, which is approximately 302.8% versus issue price. The 52-week high is ₹186.58.
Based on listing and post-listing performance, Indian Renewable Energy Development Agency Limited IPO delivered around 302.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Indian Renewable Energy Development Agency Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Indian Renewable Energy Development Agency Limited IPO valuation snapshot: P/E 8.47, EPS ₹3.78/-, P/B N/A, RoNW 15.44%, and market cap N/A.
To apply for Indian Renewable Energy Development Agency Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Indian Renewable Energy Development Agency Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Indian Renewable Energy Development Agency Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Indian Renewable Energy Development Agency Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Indian Renewable Energy Development Agency Limited IPO allotment status on IPO Ji for quick and easy access.