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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹2150.21 Cr |
| Fresh Issue | ₹1290.13 Cr |
| Offer for Sale | ₹860.08 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹30.00-32.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| BSE Code | 544026 |
| NSE Code | IREDA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | SBI Capital Markets Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 460 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting our capital base to meet future capital requirements and onwardlending |
| 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 | ||||
| KPI | |
|---|---|
| ROE | 15.44% |
| Debt / Equity | 6.77% |
| RoNW | 15.44% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.78 | |
| P/E (x) | 8.47 | 7.42 |
| Promoter Holding | 100% | 75% |
| Market Cap | ₹8600.85 Cr. | |
