Status
Listed
Price band
₹30–₹32
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
460 shares
Minimum money
₹14,720 for 1 lot
Issue size
₹2,150.21 crore
Dates
21 Nov 2023 – 23 Nov 2023
Official links
- Prospectus
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
Indian Renewable Energy Development Agency Ltd. (IREDA) IPO is listed. It opens on 21 Nov 2023 and closes on 23 Nov 2023. The price band is ₹30 to ₹32. One lot is 460 shares, and the minimum amount is ₹14,720. The issue size is ₹2,150.21 crore, with a fresh issue of ₹1,290.13 crore and an offer for sale of ₹860.08 crore. In FY23, total income was ₹3,483.04 crore and profit after tax was ₹864.63 crore. Total income was up 21.2% from ₹2,874.16 crore in FY22. Profit after tax was up 36.5% from ₹633.53 crore in FY22.
The total subscription for Indian Renewable Energy Development Agency Ltd. (IREDA) is 38.8 times.
Indian Renewable Energy Development Agency Ltd. (IREDA) listed at ₹50.
Indian Renewable Energy Development Agency (IREDA) is a government-owned lender to renewable energy projects. It finances solar, wind, hydro and other clean energy projects.
Dates
Opens
21 Nov 2023
Closes
23 Nov 2023
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
24 Nov 2023
Refunds
25 Nov 2023
Demat credit
28 Nov 2023
Listing
29 Nov 2023
Objects of the issue
- Augmenting capital base to meet future capital requirements and onwardlending
Subscription
Subscribed 38.8x overall. Final, as of 23 Nov 5 pm IST.
Total
38.8x
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹1,290.13 crore |
| Offer for sale | ₹860.08 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 35% |
| Large bids | 15% |
| Big funds | 50% |
Issue
- Face value
- ₹10
- Fresh issue
- ₹1,290.13 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹860.08 crore
- Exchanges
- BSE, NSE
- Registrar
- MUFG Intime India Pvt. Ltd.
Reservation
- Retail
- 35%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 50%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
Total income
Profit after tax
| Year | Total income | Profit |
|---|---|---|
| FY21 | ₹2,657.74 crore | ₹346.38 crore |
| FY22 | ₹2,874.16 crore | ₹633.53 crore |
| FY23 | ₹3,483.04 crore | ₹864.63 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY21 | ₹2,995.6 crore |
| FY22 | ₹5,268.11 crore |
| FY23 | ₹5,935.17 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY21 | 2,657.74 | 346.38 | 2,995.6 | — | — |
| FY22 | 2,874.16 | 633.53 | 5,268.11 | — | — |
| FY23 | 3,483.04 | 864.63 | 5,935.17 | — | — |
Listing
- Listing price
- ₹50
- Close on listing day
- ₹60
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- 56.25% versus ₹32
Frequently asked questions
When does this issue open?
It opens on 21 Nov 2023 and closes on 23 Nov 2023.
What is the lot size and the minimum amount?
One lot is 460 shares. The minimum amount is ₹14,720 for 1 lot.
When are allotment and listing?
Allotment is on 24 Nov 2023. Listing is on 29 Nov 2023.
What is the price band?
The price band is ₹30 to ₹32.
What is the issue size?
The issue size is ₹2,150.21 crore.
How many times was it subscribed?
The total subscription is 38.8 times, checked 23 Nov 2023, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is 56.25%.
This page is a calendar of dates and prices. It is not a recommendation to apply.