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IREDAEQ / NSE, BSEListed
Indian Renewable Energy Development Agency

Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned public limited company, established in March 1987. It operates under the Ministry of New and Renewable Energy (MNRE) and holds the Mini Ratna (Category - I) status. In the financial year 2021-22, IREDA achieved record-breaking loan sanctions of approximately ₹23,921.06 crores and loan disbursements of around ₹16,070.82 crores. With over 36 years of experience, IREDA has been a key player in promoting and financing renewable energy projects, energy efficiency, and conservation initiatives. The company provides a wide range of financial products and services, supporting projects from inception to completion. This includes funding for renewable energy generation, equipment manufacturing, and transmission infrastructure. Committed to driving a greener and more sustainable future, IREDA ensures its clients receive expert guidance and financial support throughout their projects. As of June 30, 2023, its diversified portfolio of outstanding term loans stands at ₹472,066.63 million.

₹30 - ₹3238.8x sub
Listed Price₹50.00
Listing Gain+56.25%

IPO Schedule & Timeline

Book Built Issue IPO
Open21 Nov 2023
Close23 Nov 2023
Allotment25 Nov 2023
Listing29 Nov 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail23,45,23,015 shares
34.9%
Nii(hni)10,05,09,864 shares
14.96%
QIB13,40,13,152 shares
19.94%
Employees18,75,420 shares
0.28%

Minimum Application Lots

Retail1 Lot (460 shares)
₹14,720
sHNI14 Lots (6,440 shares)
₹2,06,080
bHNI68 Lots (31,280 shares)
₹10,00,960

Company Promoters

The President of India acting through The Ministry of New & Renewable EnergyGovernment of India

Company Background

Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned public limited company, established in March 1987. It operates under the Ministry of New and Renewable Energy (MNRE) and holds the Mini Ratna (Category - I) status. In the financial year 2021-22, IREDA achieved record-breaking loan sanctions of approximately ₹23,921.06 crores an...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (30 Jun 2023)₹1143.5 Cr
Growth-57.0%
Revenue Trend (₹ in Crores)
0.01.3k2.7k4.0kMar 2021Mar 2022 Mar 2023 30 Jun 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
30 Jun 20231,143.50294.5851,208.3639,941.73
Mar 2023 3,483.04864.6350,446.9840,165.23
Mar 2022 2,874.16633.5336,708.4127,613.07
Mar 20212,657.74346.3830,293.3924,000.00

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values3.7815.44%0%8.477.42

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
25 Nov 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
29 Nov 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Indian Renewable Energy Development Agency. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization25 Nov 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date29 Nov 2023Trading commences on exchange

How to Check Indian Renewable Energy Development Agency Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Indian Renewable Energy Development Agency from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Indian Renewable Energy Development Agency IPO

Complete issue overview for Indian Renewable Energy Development Agency (IREDA) IPO. The issue features an equity share price band of ₹30 – ₹32 per share with a minimum retail lot size of 460 Shares (minimum application amount of ₹14,720). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions