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Open
21 Nov 2023
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Close
23 Nov 2023
3
Allotment
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Listing
Wed, Nov 29, 2023
Price Band
₹30 to ₹32
Issue Size
67,19,41,177 shares (agg. up to ₹2,150 Cr)
Lot Size
460 Shares
Listing Date
Wed, Nov 29, 2023
Latest GMP
₹12
Est. Gain
37.5%
✦ AI Insight
GMP Trend
29-11-2023₹12Est. ₹44+37.5%
28-11-2023₹12Est. ₹44+37.5%
27-11-2023₹11Est. ₹43+34.38%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 27.35x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 51,208.36 | 50,446.98 | 36,708.41 | 30,293.39 |
| Total Income | 2,320.46 | 3,483.04 | 2,874.16 | 2,657.74 |
| Profit After Tax | 579.32 | 864.63 | 633.53 | 346.38 |
| NET Worth | 6,580.61 | 5,935.17 | 5,268.11 | 2,995.60 |
| Reserves and Surplus | 2,550.36 | 2,310.96 | 1,776.05 | 1,386.12 |
| Total Borrowing | 39,850.19 | 40,165.23 | 27,613.07 | 24,000.00 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting our capital base to meet future capital requirements and onwardlending |
About IREDA IPO
Incorporated in March 1987, Indian Renewable Energy Development Agency Limited is a public limited government company. IREDA is an experienced financial institution that has been actively promoting, developing, and extending financial assistance for new and renewable energy projects, as well as energy efficiency and conservation projects for over 36 years. The company offers 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 committed to facilitating the transition towards a greener and more sustainable future, and as a reliable partner, the company ensure that its clients receive the best possible support and guidance throughout their projects. As on March 31, 2023, our Term Loans Outstanding stood at ₹ 470,755.21 million, compared to ₹ 278,539.21 million as on March 31, 2021, increasing at a CAGR of 30.00%, and as of September 30, 2022 and September 30, 2023, our Term Loans Outstanding were ₹ 337,833.59 million and ₹ 475,144.83 million, respectively. As of September 30, 2023, the company have 175 employees
Contact Details
Indian Renewable Energy Development Agency Ltd. AddressIndia Habitat CentreEast Court, Core 4A1stFloor, Lodhi RoadNew Delhi, New Delhi, 110003+91 11 24682206equityinvestor2023@ireda.inVisit Website