IREDA (Indian Renewable Energy Development Agency Limited) IPO details (21 – 23 Nov), (Price ₹30 to ₹32)
Listing date and Listing Price of IREDA IPO:
- IREDA IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of IREDA IPO on NSE – Click Here
- Listing Price of IREDA IPO on BSE – Click Here
Grey Market premium (GMP) price of IREDA IPO:
Grey Market premium (GMP) price of IREDA IPO is Rs. __. Grey Market premium (GMP) of IREDA IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
IREDA IPO Allotment link status on Link Intime:
- Check the allotment status of IREDA IPO on the below link given by Link Intime.
- IREDA IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
IREDA IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
IREDA IPO subscription status details:
| QIB (Qualified Institl. Bidders) | NIB (Non-institutional Investor) | RII (Retail Individual Investor) | Employee category | Total No. of times applied | |
| No. of shares offered | |||||
| Day 1 | |||||
| Day 2 | |||||
| Day 3 |
IREDA IPO highlights:
| IREDA IPO bid Opens on | 21 Nov 2023 |
| IREDA IPO bid Closes on | 23 Nov 2023 |
| Issue type | 100% Book Building |
| IREDA IPO issue size | ₹ 2,150.21 Cr |
| Face value of each equity share | Rs. 10 |
| IREDA IPO Price band | Rs 30 to Rs 32 per share |
| IREDA IPO market lot | 460 equity shares and multiples |
| IREDA IPO minimum order quantity | 460 equity shares |
| Pre IPO equity share of promoters of IREDA | __ % |
| Post IPO paid-up equity share of promoters of IREDA | __ % |
| QIB portion reservation in IREDA IPO | 50 % |
| NIB portion reservation in IREDA IPO | 15 % |
| Retail portion reservation in IREDA IPO | 35 % |
| Retail individual bidder can apply in IREDA IPO | up to 2 lakh (200,000) – Maximum 13 Lot |
| Retail individual discount in IREDA IPO | NA |
| Employees can apply in IREDA IPO | NA |
| Employees Reservation in IREDA IPO | NA |
| Employees Discount in IREDA IPO | NA |
| Listing of IREDA at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of IREDA | NA |
| Registrar of IREDA IPO issue | Link Intime India Private Limited |
IREDA IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of IREDA IPO are mentioned below.
| IREDA IPO opens on | 21.11.2023 |
| IREDA IPO Closes on | 23.11.2023 |
| Allotment basis date of IREDA IPO | 29.11.2023 |
| Money refund date of IREDA IPO | 30.11.2023 |
| Shares of IREDA in Demat Account | 01.12.2023 |
| IREDA IPO listing date on NSE, BSE | 04.12.2023 |
How much shares of IREDA IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 2,150.21 Crore | |
| Fresh Issue size | – | ₹ 1,290.13 Crore |
| Offer for Sale (OFS) | – | ₹ 860.08 Crore |
| Employee Reservation | – | – |
IPO Red Herring Prospectus (RHP) of IREDA:
Click here for IPO RHP of IREDA on SEBI website.
Business of IREDA: (Source – RHP)
We are a wholly owned Government of India (“GoI”) enterprise under the administrative control of the Ministry of New and Renewable Energy (the “MNRE”). Our Company was notified as a “Public Financial Institution” (“PFI”) under Section 4A of the Companies Act, 1956 by the Department of Company Affairs, Ministry of Law, Justice and Company Affairs, Government of India on October 17, 1995 and is registered with the Reserve Bank of India (the “RBI”) as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFCND-SI”), with Infrastructure Finance Company (“IFC”) status. In September 2023, we have been upgraded from Schedule B to Schedule A in the list of CPSEs by the Department of Public Enterprises (“DPE”). We were also conferred with the Mini Ratna (Category I) status in June 2015 by the DPE. Since Fiscal 2021, we have 221 consistently been rated ‘Excellent’ by the MNRE in course of evaluation of our performance in achieving key targets.
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