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.
Promoters of IREDA – The President of India, Acting Through the Ministry of New and Renewable Energy, Government of India
IREDA IPO Details
| IREDA IPO Dates | 21 – 23 November 2023 |
| IREDA Issue Price | INR 30 – 32 per share |
| Fresh issue | 403,164,706 shares (INR 1,209.49 – 1,290.13 crore) |
| Offer For Sale | 268,776,471 shares (INR 806.33 – 860.08 crore) |
| Total IPO size | 671,941,177 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 Allocation | 35% |
| Listing On | BSE, NSE |
Indian Renewable Energy Development Agency Financial Performance
| Â | FY 2021 | FY 2022* | FY 2023* | H1 FY 2024* |
| Revenue | 2,654.81 | 2,859.90 | 3,481.98 | 2,319.83 |
| Expenses | 2,088.23 | 2,040.32 | 2,343.80 | 1,501.02 |
| Net income | 346.38 | 633.53 | 864.63 | 579.32 |
| Margin (%) | 13.05 | 22.15 | 24.83 | 24.97 |
*All Standalone data
Indian Renewable Energy Development Agency Offer News
- IREDA RHP
- Indian Renewable Energy Development Agency DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Indian Renewable Energy Development Agency Valuations & Margins
| FY 2021 | FY 2022* | FY 2023* | |
| EPS | 4.41 | 8.03 | 3.78 |
| PE ratio | – | – | 7.94 – 8.47 |
| RONW (%) | 12.56 | 15.33 | 15.43 |
| NAV | 38.18 | 23.06 | 25.98 |
| ROE (%) | 12.56 | 15.33 | 15.44 |
| EBITDA (%) | 76.52 | 81.46 | 90.49 |
| Debt/Equity | 8.01 | 5.24 | 6.77 |
IREDA IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 28 November 2023 | 10 | 700 | 3,800 |
| 27 November 2023 | 10 | 700 | 3,800 |
| 25 November 2023 | 11 | 750 | 3,900 |
| 24 November 2023 | 10 | 650 | 3,600 |
| 23 November 2023 | 7 | 600 | 3,000 |
| 22 November 2023 | 7 | – | – |
| 21 November 2023 | 8 | – | – |
| 20 November 2023 | 8 | – | – |
| 18 November 2023 | 7 | – | – |
| 17 November 2023 | 7 | – | – |
| 16 November 2023 | 4 | – | – |
| 15 November 2023 | 5 | – | – |
| 14 November 2023 | 5 | – | – |
IREDA IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 13,40,13,152 | 10,05,09,864 | 23,45,23,015 | 18,75,420 | 47,09,21,451 |
| 23 Nov 2023 | 104.57 | 24.16 | 7.71 | 9.71 | 38.79 |
| 22 Nov 2023 | 2.69 | 7.74 | 4.26 | 4.99 | 4.56 |
| 21 Nov 2023 | 1.34 | 2.73 | 1.97 | 2.11 | 1.96 |
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 Date | 21 November 2023 |
| IREDA IPO Closing Date | 23 November 2023 |
| Finalization of Basis of Allotment | 25 November 2023 |
| Initiation of refunds | 28 November 2023 |
| Transfer of shares to demat accounts | 29 November 2023 |
| IREDA IPO Listing Date | 29 November 2023 |
| Opening Price on NSE | INR 50 per share (up 56.25%) |
| Closing Price on NSE | INR 60 per share (up 87.5%) |
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:Â 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:Â +91 810 811 4949
Email:Â [email protected]
Website:Â 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:Â +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.
