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Indian Renewable Energy Development Agency IPO Details 2023

IPO Status: Listed [21st Nov 2023 to 23rd Nov 2023]

Rated 3/5 by Team InvestorGain

Indian Renewable Energy Development Agency Limited is launching its big IPO at NSE and BSE Exchange. You can apply in this IPO application from its subscription period 21 Nov to 23 Nov 2023 and The face value of each share is Rs 10. This IPO price band is ranging from Rs 30 to 32 per shere and The lot size is Rs 460 sheres.

Keep visiting this website to get the latest details of Indian Renewable Energy Development Agency Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.


IPO Issue Opening Date: 21st Nov 2023
IPO Issue Closing Date: 23rd Nov 2023
IPO Issue Price: ₹30.00-32.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: Not less than 35% of the Net Issue
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹2150.21 Cr
Offer for Sale: ₹860.08 Cr
Fresh Issue: ₹1290.13 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 75%
Allotment Status: Allotment Status
BSE Code: 544026

IREDA IPO Important Dates

Get important updates regarding IREDAIPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

IPO Activity Date
Basis of Allotment Date* 24th Nov 2023
Refunds Initiation* 25th Nov 2023
Credit of Shares to Demat* 28th Nov 2023
IPO Listing Date* 29th Nov 2023

* - Tentative Dates


IPO Activity Date
Issue Price ₹30.00-32.00
Market Lot: 460 Shares
1 Lot Amount: ₹14720
Min Small HNI Lots(2-10 Lakh): 6440 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 31280 shares (68 lots)


GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
29-11-202332.00124400/61600₹44 (37.5%)29-Nov-2023 8:27
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - IREDA

The Indian Renewable Energy Development Agency Limited was established in 1987 and is a wholly owned Government of India (“GoI”) company under the administrative control of the Ministry of New and Renewable Energy (“MNRE”). . The company has funded projects in various renewable energy sectors such as solar energy, wind energy, hydropower, transmission, biomass including bagasse and industrial cogeneration, energy from waste, ethanol, compressed biogas, hybrid renewable energy, EEC and green mobility. They also offer financial products and programmes for new and emerging RE technologies such as biofuel, green hydrogen and its derivatives, battery storage systems, fuel cells and hybrid RE projects. 

Some of their key fund-based products for RE developers are long-term, medium-term and short-term loans (for projects, production and equipment financing), top-up loans, bridge loans, acquisition financing and loans against securitization of future cash flows. They also provide credit lines to other NBFCs for on-lending to RE and EEC projects. In addition, it provides loans to government entities and offers financing programmes for RE suppliers, manufacturers and contractors.

IREDA IPO Strengths

  • Non-fund-based products include letters of comfort, letters of commitment, payment-on-order instruments and surety programs
  • Track record of growth, geared towards high quality assets and diversified asset book and stable profitability
  • Strategic role in Government of India initiatives in the Renewable Energy sector
  • Established and trusted brand name operating in a rapidly expanding sector
  • Digitized process for borrower centricity and operational scalability, with presence across India
  • Comprehensive data-based credit appraisal process and risk-based pricing, with efficient post-disbursement project monitoring and recovery processes
  • Experienced senior management with in-depth sector expertise and professionally qualified employee base
Incorporation Sector IPO Issue Size Website
1987 Renewable Energy ₹2150.21 Cr

IREDA IPO Objective

The Offer comprises the Fresh Issue and the Offer for Sale. The company will not receive any proceeds from the Offer for Sale. Further, the proceeds of the Offer for Sale shall be received by the Promoter Selling Shareholder and will not form part of the Net Proceeds. The company intends to utilize the net proceeds for the following objects:-

  1. Augmenting the capital base to meet future capital requirements and onwardlending.
  2. 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.
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IREDA IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 134,013,152 Shares
  • Non-Institutional Investors: 100,509,864 Shares
  • Retail Individual Investor: 234,523,015 Shares
  • Employees Quota: 1,875,420 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered134,013,152 (28.46%)100,509,864 (21.34%)234,523,015 (49.8%)1,875,420470,921,451
121st Nov 2023 19:041.34x2.74x2.02x2.13x1.98x
222nd Nov 2023 19:042.69x7.76x4.32x5.01x4.59x
323rd Nov 2023 17:41104.57x24.16x7.73x9.80x38.80x

IREDA Financials for past 3 Years

Past performance and financial results of IREDA.

Indian Renewable Energy Development Agency Limited Financial Information (Restated Standalone)

Indian Renewable Energy Development Agency Limited's revenue increased by 21.18% and profit after tax (PAT) rose by 36.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax579.32864.63633.53346.38
Net Worth6,580.615,935.175,268.112,995.60
Reserves and Surplus2,550.362,310.961,776.051,386.12
Total Borrowing39,850.1940,165.2327,613.0724,000.00
Amount in ₹ Crore

Company Address

Indian Renewable Energy Development Agency Limited
India Habitat Centre, East Court,
Core 4A, 1stFloor, Lodhi Road,
New Delhi,Delhi-110 003
Phone: +91 11 24682206
Email: [email protected]

IREDA IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]
IREDA IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for IREDA? Should I apply in IREDA IPO?

Last Updated on 02-Dec-2023 23:32:53


Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase IREDA IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply IREDA IPO with Zerodha.

Alternate approch to apply in IREDA IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

IREDA IPO Review and Important Updates

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Apply in IREDA IPO online

To subscribe or apply in IREDA IPO, you can use the following methods:

IREDA IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in IREDA IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in IREDA IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in IREDA IPO. Most of the Syndicate Banks provide access to apply in IREDA IPO via ASBA process. You must have your net banking access, DP ID information to apply in IREDA IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in IREDA IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

IREDA IPO Review and Important Updates

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Applying in IREDA IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download IREDA IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply IREDA IPO, please refer article >> Link

IREDA IPO Review and Important Updates

Steps to download the online application form for IREDA IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 460 and max 5980 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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IREDA IPO is going to be list on 29-11-2023. NSE Code for IREDA is IREDA. BSE Code for IREDA is 544026.

Other relevant questions:

When IREDA IPO will be listing? IREDA IPO NSE listing date?IREDA IPO date of listing.IREDA IPO BSE listing date?


IREDA IPO Allotment Date is 24-11-2023.

Other relevant questions:

IREDA IPO share allotment date?IREDA IPO allotment date?


User Reviews

7. Mayank Doshi Nov 25 2023 10:35:18 AM Reply
Allotment out??
7.1. Paras Surelia Nov 25 2023 12:48:08 PM
Yes Allotment is out!
6. mukesh sanklecha Nov 25 2023 09:53:19 AM Reply
Ireda is proportionate allotment... Does it mean that shni with just above 2 lacs or bhni just above 10 lacs stands little chance of allotment?
5. Tanmay Jain Nov 24 2023 05:57:51 PM Reply
Have one doubt can any one guide ?

BHNI subscription is 26.99 times but 5 mese 1 lagegi

SHNI subscription is 18.50 times but 15 mese 1 lagegi

5.1. Tanmay Jain Nov 24 2023 05:59:54 PM
Want explanation why this happens
5.2. CA Sachin Nov 25 2023 09:46:45 AM
Hello Tanmay Sir,
This is not just one factor, many things need to consider in this calculation. Just wait for BOA which will have more clearlity. Lots of factor come in picture, like Rejection, ratio for each bucket and so on.
4. Venkateswarlu Anchula Nov 08 2023 11:46:50 PM Reply
Indian Renewable Energy Development Agency IPO expected listing gain.
3. Navin Pratap Yadav Nov 08 2023 11:46:50 PM Reply
Please confirm Indian Renewable Energy Development Agency IPO GMP (grey market premium) and kostak.
2. Pulichselvi Nov 08 2023 11:46:50 PM Reply
Indian Renewable Energy Development Agency IPO good or bad.
1. RAJKARAN SINGH  Nov 08 2023 11:46:50 PM Reply
Indian Renewable Energy Development Agency IPO whether to invest or not.