Indian Renewable Energy Development Agency Limited IPO (IREDA IPO)

indian renewable energy development agency limited

The Indian Renewable Energy Development Agency Limited (IREDA) is a public limited government company that promotes, develops, and extends financial assistance for renewable energy and energy efficiency/conservation projects. It was established on March 11, 1987 under the Companies Act, 1956. IREDA is a non-banking financial institution under the administrative control of the Ministry of New and Renewable Energy (MNRE).
IREDA’s motto is “ENERGY FOR EVER”. It is a Mini Ratna (Category–I) Government of India Enterprise. For the fiscal year 2023, IREDA’s standalone revenue from operations increased 21.75% to ₹3,481.97 crore.
IREDA’s contact number is +91-11-26766700.

IREDA IPO Timeline

IPO Open Date21 Nov 2023
IPO Close Date23 Nov 2023
Allotment Date28 Nov 2023
IPO Listing Date29 Nov 2023


Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 30 to Rs.32 Per Equity Share
Market Lot460 Share
Issue SizeApprox. Rs. 2150 Crore.


Minimum1460Rs. 14720
Maximum135980Rs. 191360
Small HNI (Minimum)146440Rs. 206080
Big HNI (Minimum)6731280Rs. 1000960

IREDA IPO Details Allotment Status

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets50446.9836708.4130293.39
Total Revenue3483.042874.162657.74
Profit After Tax579.32633.53346.38
for accurate figures follow the company financials.

Company Promoters:

The promoters of the company are The President of India acting through The Ministry of New & Renewable Energy, Government of India.

Purpose of the issue

  • 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.

Registrar & Company Details

Company Contact InformationIPO Registrar
Indian Renewable Energy Development Agency Limited

India Habitat Centre
East Court, Core 4A,
1stFloor, Lodhi Road, New Delhi–110003
Phone: +91 11 24682206
Link Intime India Private Ltd

Phone: +91-22-4918 6270

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