Open Date
21 Nov 2023
23 Nov 2023
460 shares
₹2,150.21 Cr
Lot Size
IPO Size
Listing At
BSE NSE
Listing Date
Price Range
₹30 to ₹32
Close Date
Allotment Date
29 Nov 2023
04 Dec 2023
Established in 1987, the Indian Renewable Energy Development Agency is a Government of India enterprise and falls under the Ministry of New and Renewable Energy (MNRE). IREDA works as a Public Financial Institution and is registered with the Reserve Bank of India as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFCND-SI”), with Infrastructure Finance Company (“IFC”) status. IREDA was also conferred with the Mini Ratna (Category I) status in June 2015.
The company will utilise the funds raised from fresh issues for capital requirements and onward lending.
The book-running lead managers to the offer are: IDBI Capital Market Services Limited BOB Capital Markets Limited SBI Capital Markets Limited
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