IREDA IPO GMP, Price, Date, Allotment

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Last updated on November 28, 2023

IREDA IPO GMP

IREDA IPO Description – IREDA is a financial institution with over 36 years of experience in promoting, developing, and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. The company provides 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.

IREDA is a wholly-owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). The company is a Systemically Important Non-Deposit-taking Non-Banking Finance Company with Infrastructure Finance Company (IFC) status. IREDA was also conferred with the Mini Ratna (Category I) status in June 2015.

As of 30 June 2023, it had a diversified portfolio of Term Loans Outstanding, amounting to INR 47,207 crore. The company has financed projects across multiple RE sectors such as solar power, wind power, hydropower, transmission, biomass including bagasse and industrial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC, and green-mobility.

Indian Renewable Energy Development Agency IPO

Promoters of IREDA – The President of India, Acting Through the Ministry of New and Renewable Energy, Government of India


IREDA IPO Details

IREDA IPO Dates21 – 23 November 2023
IREDA Issue PriceINR 30 – 32 per share
Fresh issue403,164,706 shares (INR 1,209.49 – 1,290.13 crore)
Offer For Sale268,776,471 shares (INR 806.33 – 860.08 crore)
Total IPO size671,941,177 shares (INR 2,015.82 – 2,150.21 crore)
Minimum bid (lot size)460 shares (INR 14,720)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Indian Renewable Energy Development Agency Financial Performance

 FY 2021FY 2022*FY 2023*H1 FY 2024*
Revenue2,654.812,859.903,481.982,319.83
Expenses2,088.232,040.322,343.801,501.02
Net income346.38633.53864.63579.32
Margin (%)13.0522.1524.8324.97
Figures in INR Crores unless specified otherwise
*All Standalone data

Indian Renewable Energy Development Agency Offer News


Indian Renewable Energy Development Agency Valuations & Margins

FY 2021FY 2022*FY 2023*
EPS4.418.033.78
PE ratio7.94 – 8.47
RONW (%)12.5615.3315.43
NAV38.1823.0625.98
ROE (%)12.5615.3315.44
EBITDA (%)76.5281.4690.49
Debt/Equity8.015.246.77
*Compiled by IPO Central from Prospectus

IREDA IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
28 November 2023107003,800
27 November 2023107003,800
25 November 2023117503,900
24 November 2023106503,600
23 November 202376003,000
22 November 20237
21 November 20238
20 November 20238
18 November 20237
17 November 20237
16 November 20234
15 November 20235
14 November 20235

IREDA IPO Subscription – Live Updates

CategoryQIBNIIRetailEmployeeTotal
Shares Offered13,40,13,15210,05,09,86423,45,23,01518,75,42047,09,21,451
23 Nov 2023104.5724.167.719.7138.79
22 Nov 20232.697.744.264.994.56
21 Nov 20231.342.731.972.111.96

IREDA IPO Allotment Status

IREDA IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.


IREDA IPO Dates & Listing Performance

IREDA IPO Opening Date21 November 2023
IREDA IPO Closing Date23 November 2023
Finalization of Basis of Allotment25 November 2023
Initiation of refunds28 November 2023
Transfer of shares to demat accounts29 November 2023
IREDA IPO Listing Date29 November 2023
Opening Price on NSEComing soon
Closing Price on NSEComing soon

IREDA IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Ajconglobal – Subscribe
Aditya Birla Capital – Subscribe
Antique Stock Broking –
Arihant Capital –
Ashika Research – Not Rated
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – May Apply
Cholamandalam Securities – Subscribe
Canara Bank Securities – Subscribe for listing gains and long term
Choice Broking – Subscribe
Dalal & Broacha – Subscribe
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
Jainam Broking
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal – Subscribe
Nirmal Bang – Subscribe
Reliance Securities – Subscribe
Religare Broking –
Samco Securities – Subscribe for listing gains
Systematix – Not Rated
SMC Global – 2/5
SBICAP Securities – Not Rated
Swastika Investmart – Subscribe
Ventura Securities – Subscribe


Indian Renewable Energy Development Agency Offer Lead Manager

SBI CAPITAL MARKETS LIMITED
1501, 15th floor, A&B Wing
Parinee Crescenzo, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, Maharashtra
Phone: +91 22 4006 9807
Email: [email protected]
Website: www.sbicaps.com


Indian Renewable Energy Development Agency Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in


IREDA Contact Details

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED
3rd Floor, August Kranti Bhavan, Bhikaji Cama Place, New Delhi – 110 066
Phone: +91 11 2671 7400 / 2671 7412
Email: [email protected]
Website: www.ireda.in


IREDA IPO FAQs

How many shares in Indian Renewable Energy Development Agency IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in IREDA Public Offer?

The best way to apply in IREDA public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is IREDA IPO GMP today?

IREDA IPO GMP today is INR 10 per share.

What is IREDA kostak rate today?

IREDA kostak rate today is INR 700 per application.

What is IREDA Subject to Sauda rate today?

IREDA Subject to Sauda rate today is INR 3,800 per application.

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