Indian Renewable Energy Development Agency Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 335,032,878 (50%) | — | ₹107,211 Cr |
| NII (HNI) | — | 100,509,864 (15%) | — | ₹32,163 Cr |
| Retail | — | 234,523,015 (35%) | — | ₹75,047 Cr |
| Employee | — | 1,875,420 (0%) | — | ₹60 Cr |
| Σ Total | — | 671,941,177 (100%) | — | ₹2,150,212 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 460 | ₹14,720 |
| Retail (Max) | 13 | 5,980 | ₹191,360 |
| S-HNI (Min) | 14 | 6,440 | ₹206,080 |
| B-HNI (Min) | 67 | 30,820 | ₹986,240 |
Financial Statements Amount in Crore
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 2,320 | 3,483 | 2,874 |
| Profit After Tax | 579 | 865 | 634 |
| Net Worth | 6,581 | 5,935 | 5,268 |
| Total Assets | 51,208 | 50,447 | 36,708 |
| Reserves & Surplus | 2,550 | 2,311 | 1,776 |
| Total Borrowing | 39,850 | 40,165 | 27,613 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Augmenting the capital base to meet future capital requirements and onwardlending. –
- The Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India. –
Company Overview
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 out of which 152 are professionally qualified with engineering, finance, legal, human resource and IT background.