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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Indian Renewable Energy Development Agency Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹32
Per ShareLot Size
460 Shares
Minimum Investment
₹14,720
Issue Size
₹2,150.21 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
85%
Issue Type
Book Building
ISIN
INE202E01016
Indian Renewable Energy Development Agency Limited is a Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy. The Company is a "Public Financial Institution", registered as a Systemically Important Non-Deposit taking Non-Banking Financial Company, with Infrastructure Finance Company status. The Company has over 36 years of experience in promoting, developing and extending financial assistance for new and renewable energy projects, and energy efficiency and conservation projects. It provides a comprehensive range of financial products and related services, from project conceptualisation to post-commissioning, for renewable energy projects and other value chain activities, such as equipment manufacturing and transmission.
In Fiscal 2023, the outstanding credit of key power financing Non-Banking Financial Companies ("NBFCs") reached approximately Rs. 9,399 billion, at a CAGR of approximately 10% since Fiscal 2019. In Fiscal 2024, power financing NBFCs are expected to continue this growth momentum, driven by increase in power demand, rise in population, renewable integration and sustainability goals of India. Financing requirement for renewable energy sectors such as solar and wind are set to expand prominently in line with the Government's target of 500 GW installed non-fossil fuel-based power capacity by 2030.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
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
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
The Company was incorporated in Delhi as "Indian Renewable Energy Development Agency Limited", a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 11, 1987, issued by the Registrar of Companies, Delhi and Haryana ("RoC"). The Company received a certificate of commencement of business dated March 21, 1987, by the RoC. The Company was notified as a public financial institution 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. Further, the Reserve Bank of India ("RBI") granted a certificate of registration to our Company on January 23, 2008 permitting us to commence/carry on the business of non-banking financial institution without accepting public deposits, and classified as an investment and credit company, which was further reclassified as an infrastructure finance company on March 13, 2023.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.