IREDA IPO Date, Review, Price, Allotment Details

IREDA IPO Details: IREDA IPO date is fixed, the IPO is to hit the market on November 21 and will close on November 23. IREDA IPO to raise around ₹2150 crores via IPO that comprises fresh issue of ₹1290 and offer for sale up to 268,776,471 Shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
IREDA IPO

Table of Contents

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)

  • Apply

Brokerage Firm IPO Review

  • BP Equities (BP Wealth): Apply
  • Choice Equity Broking Pvt Ltd: Apply
  • Nirmal Bang: Apply
  • Reliance Securities: Apply
  • Swastika Investmart Ltd: Apply

IREDA IPO Date & Price Band Details

IPO Open:November 21, 2023
IPO Close:November 23, 2023
IPO Size:Approx ₹2150 Crores
Fresh Issue:Approx ₹1290 Crores
Offer for Sale:Approx 268,776,471 shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹30 to ₹32 Per Share
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
Anchor Investors List:Click Here

IREDA IPO Market Lot

The IREDA IPO minimum market lot is 460 shares with ₹14,720 application amount. The retail investors can apply up-to 13 lots with 5980 shares or ₹191,360 amount.

ApplicationLot SizeSharesAmount
Retail Minimum1460₹14,720
Retail Maximum135980₹191,360
S-HNI Minimum146,440₹206,080
B-HNI Minimum6831,280₹1,000,960

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 November 25 and the IPO listing on November 29

Anchor Investors Allotment:November 20, 2023
IPO Open Date:November 21, 2023
IPO Close Date:November 23, 2023
Basis of Allotment:November 25, 2023
Refunds:November 26, 2023
Credit to Demat Account:November 28, 2023
IPO Listing Date:November 29, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

IREDA IPO Form

How to apply for the IREDA IPO? You can apply for IREDA IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IREDA IPO in the Invest section. The other option is you can apply for IREDA IPO via IPO forms downloaded via NSE and BSE. Check out the IREDA forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


IREDA Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹2658₹2088₹346.38
2022₹2874₹2040₹633.53
2023₹3483₹2344₹864.63
2024 3M₹1143₹704₹294.58

IREDA IPO Valuation – FY2023

Check IREDA IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹1.29 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):15.43%
Net Asset Value (NAV):₹25.98 per Equity Share

Peer Group

  • REC Limited
  • Power Finance Corporation

Company Promoters

  • THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF NEW AND RENEWABLE ENERGY, GOVERNMENT OF INDIA

IREDA IPO Registrar

Link Intime India Private Limited
Telephone: +91 81 0811 4949
E-mail: [email protected]
Website: www.linkintime.co.in

IREDA IPO Allotment Status Check

Check IREDA IPO allotment status on Linkintime website allotment URL. Click Here

IREDA IPO Lead Managers aka Merchant Bankers

  • BOB Capital Markets Limited
  • SBI Capital Markets Limited
  • IDBI Capital Markets & Securities Limited

Company Address

IREDA Limited
India Habitat Centre, East Court,
Core 4A, 1stFloor, Lodhi Road,
New Delhi –110003, India
Telephone: +91 11 24682214
E-mail: [email protected]
Website: www.ireda.in

IREDA IPO FAQs

What is IREDA IPO?

IREDA IPO is a main-board IPO. They are going to raise ₹2150 Crores via IPO. The issue is priced at ₹30 to ₹32 pr equity share. The IPO is to be listed on BSE & NSE.

When IREDA IPO will open?

The IPO is to open on November 21, 2023 for QIB, NII, and Retail Investors.

What is IREDA IPO Investors Portion?

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

How to Apply the IREDA IPO?

You can apply for IREDA IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the IREDA IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. 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 on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the IREDA IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “IREDA”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the IREDA IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “IREDA”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is IREDA IPO Size?

IREDA IPO size is ₹2150 crores.

What is IREDA IPO Price Band?

IREDA IPO Price Band is ₹30 to ₹32.

What is the IREDA IPO Allotment Date?

IREDA IPO allotment date is November 25, 2023.

What is the IREDA IPO Listing Date?

IREDA IPO listing date is November 29, 2023. The IPO is to list on BSE and NSE.

Note: The IREDA IPO price band and date are officially announced. The IPO grey market premium (IREDA IPO Premium) will be added to the IPO grey market page as it will start).

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