IREDA IPO Overview
You are at right place to check all the details regarding IREDA IPO. The dates for IREDA IPO is announced. The IPO will open on November 21, 2023 and will close on November 23, 2023. The IPO price band is fixed at Rs [.] to Rs [.] Per Share. The company aims to to raise around [.] via this IPO. You can find complete information about IREDA IPO in this post.
The lot size for the application is [.] shares and hence minimum amount that you would need for this IPO (by retail investors) is Rs[.].
About IREDA IPO:
Indian Renewable Energy Development Agency (IREDA) is a wholly owned Government of India (“GoI”) enterprise under the administrative control of the Ministry of New and Renewable Energy (the “MNRE”).
The Company was notified as a“Public Financial Institution” (“PFI”) under Section 4A of the Companies Act, 1956 by the Department of Company Affairs, Ministry of Law, Justice and Company Affairs, Government of India on October 17, 1995 and is registered with the Reserve Bank of India (the “RBI”) as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFC-ND-SI”), with Infrastructure Finance Company (“IFC”) status.
IREDA is a financial institution with over 36 years of experience in the business of promoting, developing, and 241 extending financial assistance for new and renewable energy (“RE”) projects, and energy efficiency and conservation (“EEC”) projects. They provide 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.
As of June 30, 2023, they had a diversified portfolio of Term Loans Outstanding, amounting to ₹472,066.63 million, as outlined in “Competitive Strengths – Track record of growth, geared towards high-quality assets, diversified asset book, and stable profitability” as per the DRHP filed. The company 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.
They also offer financial products and schemes for new and emerging RE technologies such as biofuel, green hydrogen and its derivatives, battery energy storage systems, fuel cells, and hybrid RE projects. They offer a comprehensive suite of financial products and services including various fund-based and non fund-based products. Some of our key fund-based products for RE developers are long-term, medium-term, and short-term loans (for projects, manufacturing, and equipment financing), top-up loans, bridge loans, takeover financing, and loans against securitization of future cash flows. They also provide line of credit to other NBFCs for on-lending to RE and EEC projects.
Objects of the Issue
- Gross proceeds of the Fresh Issue
- Less: Fresh Issue related expenses*
- Net Proceeds
IREDA IPO Review (Apply or Not?)
- To be updated soon
IREDA Brokrage House Reviews:
- Religare Broking : To be updated soon
- Capital Market : To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
- ICICI DIrect: To be updated soon
IREDA IPO Date & Price Band Details
| IPO Open: | November 21, 2023 |
| IPO Close: | November 23, 2023 |
| IPO Size: | Approx [.] Crores |
| Fresh Issue: | Approx [.] shares |
| Face Value: | Rs10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| IPO Lot Size | [.] Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
IREDA IPO Market Lot
The IREDA IPO minimum market lot is [.] shares with ₹[.]application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.].
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | ₹[.] | |
| Retail Maximum | 13 | ₹[.] | |
| S-HNI Minimum | 14 | ₹[.] | |
| B-HNI Minimum | 68 | ₹[.] |
IREDA IPO Allotment & Listing Dates
The IREDA IPO date is November 21 and the close date is November 23. The IREDA IPO allotment will be finalized on [.] 2023 and the IPO listing on[.] 2023.
| Anchor Investors Allotment: | [.] , 2023 |
| IPO Open Date: | November 21, 2023 |
| IPO Close Date: | November 23, 2023 |
| Basis of Allotment: | [.] , 2023 |
| Refunds: | [.] , 2023 |
| Credit to Demat Account: | [.] , 2023 |
| IPO Listing Date: | [.] , 2023 |
IREDA Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | Rs2,657.74 | Rs2088 | Rs346.38 |
| 2022 | Rs2,874.16 | Rs2040 | Rs633.53 |
| 2023 | Rs3,483.04 | Rs2344 | Rs864.63 |
IREDA IPO Valuation
Below is the financial details of IREDA for the year FY2023.
| Earning Per Share (EPS): | Rs3.78 per Equity Share |
| ROE | 15.44% |
| Return on Net Worth (RoNW): | 15.44% |
| Debt/Equity: | 6.77 |
Company Promoters:
- THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF NEW AND RENEWABLE ENERGY, GOVERNMENT OF INDIA
Competitor Companies:
- REC Limited
- Power Finance Corporation
IREDA IPO Registrar
Link Intime India Private Limited
Telephone: +91 81 0811 4949
E-mail: indianrenergy@linkintime.co.in
Website: www.linkintime.co.in
IREDA Wires IPO Lead Managers
- BOB Capital Markets Limited
- SBI Capital Markets Limited
- IDBI Capital Markets & Securities Limited
IREDA IPO Allotment Status Check
Allotment status of IREDA IPO can be checked on Linkintime website : Click here
Company Address of IREDA :
IREDA Limited
India Habitat Centre, East Court,
Core 4A, 1stFloor, Lodhi Road,
New Delhi –110003, India
Telephone: +91 11 24682214
E-mail: equityinvestor2023@ireda.in
Website: www.ireda.in
IREDA IPO FAQs
When IREDA IPO will open and close?
The IPO is to open on November 21, 2023 for QIB, NII, and Retail Investors and closes on November 23,2023
What is IREDA IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
What is the IREDA IPO Allotment Date?
IREDA IPO allotment date is [.] 2023.
What is the IREDA IPO Listing Date?
IREDA IPO listing date is [.], 2023. The IPO is to list on BSE and NSE.
How to Apply the IREDA IPO through Zerodha?
You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “IREDA ”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.