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IPO Status: Listed [21st Nov 2023 to 23rd Nov 2023]
Indian Renewable Energy Development Agency Limited is launching its big IPO at NSE and BSE Exchange. You can apply in this IPO application from its subscription period 21 Nov to 23 Nov 2023 and The face value of each share is Rs 10. This IPO price band is ranging from Rs 30 to 32 per shere and The lot size is Rs 460 sheres.
Keep visiting this website to get the latest details of Indian Renewable Energy Development Agency Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 21st Nov 2023 |
| IPO Issue Closing Date: | 23rd Nov 2023 |
| IPO Issue Price: | ₹30.00-32.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹2150.21 Cr |
| Offer for Sale: | ₹860.08 Cr |
| Fresh Issue: | ₹1290.13 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 75% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544026 |
| NSE Code: | IREDA |
Get important updates regarding IREDA IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Nov 2023 |
| Refunds Initiation* | 25th Nov 2023 |
| Credit of Shares to Demat* | 28th Nov 2023 |
| IPO Listing Date* | 29th Nov 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹30.00-32.00 |
| Market Lot: | 460 Shares |
| 1 Lot Amount: | ₹14720 |
| Min Small HNI Lots(2-10 Lakh): | 6440 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 31280 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-11-2023 | 32.00 | 12 | 4400/61600 | ₹44 (37.5%) | 29-Nov-2023 9:27 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
The Indian Renewable Energy Development Agency Limited was established in 1987 and is a wholly owned Government of India (“GoI”) company under the administrative control of the Ministry of New and Renewable Energy (“MNRE”). . The company has funded projects in various renewable energy sectors such as solar energy, wind energy, hydropower, transmission, biomass including bagasse and industrial cogeneration, energy from waste, ethanol, compressed biogas, hybrid renewable energy, EEC and green mobility. They also offer financial products and programmes for new and emerging RE technologies such as biofuel, green hydrogen and its derivatives, battery storage systems, fuel cells and hybrid RE projects.
Some of their key fund-based products for RE developers are long-term, medium-term and short-term loans (for projects, production and equipment financing), top-up loans, bridge loans, acquisition financing and loans against securitization of future cash flows. They also provide credit lines to other NBFCs for on-lending to RE and EEC projects. In addition, it provides loans to government entities and offers financing programmes for RE suppliers, manufacturers and contractors.
| Incorporation | Sector | IPO Issue Size | Website |
| 1987 | Renewable Energy | ₹2150.21 Cr | https://www.ireda.in/ |
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:-
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 134,013,152 (28.46%) | 100,509,864 (21.34%) | 234,523,015 (49.8%) | 1,875,420 | 470,921,451 | |
| 1 | 21st Nov 2023 19:04 | 1.34x | 2.74x | 2.02x | 2.13x | 1.98x |
| 2 | 22nd Nov 2023 19:04 | 2.69x | 7.76x | 4.32x | 5.01x | 4.59x |
| 3 | 23rd Nov 2023 17:41 | 104.57x | 24.16x | 7.73x | 9.80x | 38.80x |
Indian Renewable Energy Development Agency Limited's revenue increased by 21.18% and profit after tax (PAT) rose by 36.48% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 51,208.36 | 50,446.98 | 36,708.41 | 30,293.39 |
| Revenue | 2,320.46 | 3,483.04 | 2,874.16 | 2,657.74 |
| Profit After Tax | 579.32 | 864.63 | 633.53 | 346.38 |
| Net Worth | 6,580.61 | 5,935.17 | 5,268.11 | 2,995.60 |
| Reserves and Surplus | 2,550.36 | 2,310.96 | 1,776.05 | 1,386.12 |
| Total Borrowing | 39,850.19 | 40,165.23 | 27,613.07 | 24,000.00 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Indian Renewable Energy Development Agency Limited | 3.78 | 3.78 | 25.98 | 15.44 | Consolidated | |
| REC Limited | 42.28 | 42.28 | 220.72 | 5.81 | 20.41 | Consolidated |
| Power Finance Corporation | 60.19 | 60.19 | 424.16 | 4.52 | 20.34 | Consolidated |
Last Updated on 03-Dec-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase IREDA IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply IREDA IPO with Zerodha.
Alternate approch to apply in IREDA IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
IREDA IPO Review and Important Updates
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To subscribe or apply in IREDA IPO, you can use the following methods:
| IREDA IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in IREDA IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in IREDA IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in IREDA IPO. Most of the Syndicate Banks provide access to apply in IREDA IPO via ASBA process. You must have your net banking access, DP ID information to apply in IREDA IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in IREDA IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
IREDA IPO Review and Important Updates
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Applying in IREDA IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download IREDA IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply IREDA IPO, please refer article >> Link
IREDA IPO Review and Important Updates
Steps to download the online application form for IREDA IPO
Or
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IREDA IPO is going to be list on 29-11-2023. NSE Code for IREDA is IREDA. BSE Code for IREDA is 544026.
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IREDA IPO Allotment Date is 24-11-2023.
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IREDA IPO share allotment date?IREDA IPO allotment date?
