The Indian Mini Ratna Renewable Energy company IREDA IPO (Indian Renewable Energy Development Agency) will be hit the market 21 November 2023 and closes on 23 November 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹2150.21 crore through IPO. The company will issue fresh shares of ₹1,290.13 crores through this IPO and will issue shares through offer for sale of ₹860.08 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
The company has reserved 75% for QIB, 15% for NII and 10% for Retail Investor in this IPO.
Indian Renewable Energy Development Agency Limited are a wholly owned Government of India (“GoI”) enterprise under the administrative control of the Ministry of New and Renewable Energy. The company registered with the Reserve Bank of India (the “RBI”) as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFCND-SI”), with Infrastructure Finance Company (“IFC”) status. In September 2023, the company has been upgraded from Schedule B to Schedule A in the list of CPSEs by the Department of Public Enterprises (“DPE”). The company was also conferred with the Mini Ratna (Category I) status in June 2015 by the DPE. You can check IREDA IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The company is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (“RE”) projects, and energy efficiency and conservation (“EEC”) projects. We 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. You can check IREDA IPO subscription status here.
Object Of the Issue :
- Gross proceeds from the Fresh Issue.
- Less: Fresh Issue related expenses
Company Strengths :
- Track record of growth, geared towards high quality assets, diversified asset book and stable profitability.
- Strategic role in Government of India initiatives in the Renewable Energy sector.
- Established and trusted brand name operating in a rapidly expanding sector.
- Digitized process for borrower centricity and operational scalability, with presence across India.
- Comprehensive data-based credit appraisal process and risk-based pricing, with efficient post-disbursement project monitoring and recovery processes.
- Access to diversified and cost-effective long-term sources of borrowing with a judicious approach towards asset-liability management.
- Experienced senior management with in-depth sector expertise and professionally qualified employee base.
IREDA IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹864.63 Cr ₹32 EQ 3.78 8.46x 15.44 % 15.44 % – % 6.77 ₹25.98 ₹51,208.36 Cr ₹8600.05 Cr 100.00 % 75.00 % |
| Team Review : | ✔ Apply For Long Term |
IREDA IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 21 November 2023 |
| IPO Close : | 23 November 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹30 –32 ₹ Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹2150.21. Cr {671,941,177 Shares} |
| Fresh Issue : | ₹1290.13 Cr {403,164,706 Shares} |
| Offer For Sale : | ₹860.08. Cr {268,776,471 Shares} |
IREDA IPO Market Lot :
IREDA IPO Minimum Market lot is 1 Lot with 13 shares with ₹14,720 Application amount. The retail investors can apply up to 13 lots with 5980 Shares or ₹191,630 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 460 | ₹14,720 |
| Retail Maximum : | 13 | 5980 | ₹191,360 |
| S-HNI Minimum : | 14 | 6,440 | ₹206,080 |
| S-HNI Maximum : | 67 | 30,820 | ₹986,240 |
| B- HNI Minimum : | 68 | 31,280 | ₹1,000,960 |
IREDA IPO Reservation :
IREDA IPO Total Reservation of 671,941,177 shares are to be bid for the public issue by IREDA IPO with 335,970,588 for QIB and 100,791,176 for NII 235,179,412 For RII.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 335,970,588 | ₹1075.10 Cr |
| NII : | 15% | 100,791,176 | ₹322.53 Cr |
| RII : | 35% | 235,179,412 | ₹752.57 Cr |
| Total : | 100% | 671,941,177 | ₹2150.20 Cr |
IREDA IPO EPS & RoNW :
The IREDA company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹3.78 | 15.43 | ₹25.98 |
| 2022 | ₹8.03 | 15.33 | ₹23.06 |
| 2021 | ₹4.41 | 12.56 | ₹38.18 |
IREDA IPO Peer Comparison PE :
The IREDA, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | REC Limited | 7.71 |
| 2. | Power Finance Corporation | 4.79 |
IREDA IPO Dates :
IREDA IPO Date is 21 November 2023 and closes on 23 November 2023. The allotment will be finalized on 01 December 2023 and the IPO may list on 04 December 2023.
| Anchor Date : | 20 November 2023 |
| Open Date : | 21 November 2023 |
| Close Date : | 23 November 2023 |
| Allotment Date : | 29 November 2023 |
| Refund Date : | 30 November 2023 |
| Share Credit Date : | 01 December 2023 |
| Listing Date : | 04 December 2023 |
IREDA IPO Form :
There are two ways to apply in IREDA IPO. You can apply for IREDA IPO through ASBA available in your bank account. You have to go to your online bank login and select IREDA IPO in the Invest section and apply through your bank account. Another option is you can apply for IREDA IPO through IPO form download through NSE and BSE. See the IREDA IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
IREDA Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹3,483.04 | ₹2,343.80 | ₹864.63 |
| 2022 | ₹2,874.16 | ₹2,040.31 | ₹633.53 |
| 2021 | ₹2,657.74 | ₹2,088.23 | ₹346.38 |
Company Promoters :
■ Pradip Kumar Das
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
IREDA IPO Lead Managers :
■ IDBI Capital Markets & Securities Limited
■ BOB Capital Markets Limited
■ SBI Capital Markets Limited
IREDA IPO Registrar :
Link Intime India Private Limited
C 101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083, Maharashtra, India
C 101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli West, Mumbai 400 083, Maharashtra, India
Telephone: +91 81 0811 4949
E-mail: [email protected]
Investor Grievance E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check IREDA IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Indian Renewable Energy Development Agency Ltd
India Habitat Centre
East Court, Core 4A,
1stFloor, Lodhi Road, New Delhi–110003
Telephone: +91 11 2468 2206 / 2468 2219
E-mail: [email protected]
Website: www.ireda.in
IREDA IPO FAQs :
What is IREDA IPO?
IREDA IPO is Mainboard IPO. They are going to raise ₹2150.21 Crores via IPO. The issue is priced at ₹30-₹32 per equity share. The IPO is to be listed on NSE, BSE.
When IREDA IPO will open?
The IPO is to open on 21 Nov – 23 Nov for QIB, NII & RII.
What is IREDA IPO Size?
IREDA IPO size is ₹2150.21 Crores.
What is the Fresh issue size of IREDA IPO?
The Fresh issue size of IREDA IPO ₹1290.13 Cr.
What is the Offer For Sale size of IREDA IPO?
The Offer For Sale size of IREDA IPO ₹860.08 Cr.
What is IREDA IPO Price Band?
IREDA IPO Price Band is ₹30-₹32 Per share.
What is IREDA IPO Minimum and Maximum Lot Size?
The minimum 460 Shares with ₹14,720 amount while the maximum 5980 shares with ₹191,360.
What is IREDA IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is IREDA IPO Allotment Date?
IREDA IPO allotment date is 29 November 2023.
What is IREDA IPO Listing Date?
IREDA IPO listing date is 04 December 2023. The IPO to list on NSE, BSE.
How to Apply the IREDA IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “IREDA IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the IREDA IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “IREDA IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the IREDA IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “IREDA IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the IREDA IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “IREDA IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| IREDA IPO GMP: Click Here IREDA IPO Subscription: Click Here IREDA IPO Allotment: Click Here IREDA IPO Listing: Click Here IREDA IPO Web Story: Click Here |
All IREDA IPO-related links are available here. If you want to know the details then click on Click Here Link.
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