Business Standard

Indian Renewable Energy Development Agency Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

2,150.21 cr

Price Range (₹)

32

Lot Size

460

Min Investment (₹)

14,720.00

Listing Exchange

MumbaiNSE

Open Date

21-Nov-2023

Close Date

23-Nov-2023

Listing Date

29-Nov-2023

Indian Renewable Energy Development Agency Ltd News

    The Shares of Indian Renewable Energy Development Agency Ltd have now been listed.

    Indian Renewable Energy Development Agency Ltd IPO Details

    Initial public offer of 671,941,177* equity shares of face value of Rs. 10 each (Equity Shares) of Indian Renewable Energy Development Agency Limited (the Company or the Issuer) for cash at a price of Rs. 32 per equity share (including a premium of Rs. 22 per equity share) (Offer Price) aggregating to Rs. 2150.21 crores*, comprising a fresh issue of 403,164,706* equity shares aggregating to Rs. 1290.13 crores* by the company (the Fresh Issue) and an offer for sale of 268,776,471* equity shares aggregating to Rs. 860.09 crores* by the president of india, acting through the ministry of new and renewable energy, government of india (Promoter Selling Shareholder) (Offer for Sale, and together with the fresh issue, the Offer). This offer included a reservation of 1,875,420* equity shares aggregating to Rs. 6.00 crores* (constituting 0.07% of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as Net Offer. The offer and the net offer would constitute 25.00% and 24.93%, respectively, of the post-offer paid-up equity share capital. The offer price is Rs. 32 per equity share and is 3.20 times the face value of the equity shares. * Subject to finalisation of basis of allotment

    Objective of issue

    Listing of the Equity Shares on the Stock Exchanges.

    Indian Renewable Energy Development Agency Ltd Contact Details

    Indian Renewable Energy Development Agency Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - equityinvestor2023@ireda.in

    Website - https://www.ireda.in/home