Indian Renewable Energy Development Agency Limited
- IPO Date21 Nov, 2023 to 23 Nov, 2023
- Listing Date04 Dec, 2023
- Face Value₹10 per share
- Issue Price₹30 to ₹32 per share
- Lot Size460 Shares
- Minimum Investment₹14,720
- Listing AtBSE, NSE
- Total Issue Size67,19,41,177 Shares
(aggregating up to ₹2150.21 Cr) - Fresh Issue40,31,64,706 Shares
(aggregating up to ₹1290.13 Cr)
- Offer for Sale26,87,76,471 Shares
(aggregating up to ₹860.08 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue22,84,60,000
- Shareholding post issue-
IPO Dates
Closing Date
23 Nov, 2023
Initiation of Refunds
01 Dec, 2023
Listing Date
04 Dec, 2023
21 Nov, 2023
Opening Date
29 Nov, 2023
Basis of Allotment
01 Dec, 2023
Credit of Shares
Indian Renewable Energy Development Agency Limited Lot Size
Investors can bid for a minimum of 460 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 460 | ₹14,720 |
| Retail (Max) | 13 | 5980 | ₹1,91,360 |
| S-HNI (Min) | 14 | 6440 | ₹2,06,080 |
| S-HNI (Max) | 67 | 30820 | ₹9,86,240 |
| B-HNI (Min) | 68 | 31280 | ₹10,00,960 |
Indian Renewable Energy Development Agency Limited Promoter Holding
The promoters of the company are The President of India acting through The Ministry of New & Renewable Energy, Government of India.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Indian Renewable Energy Development Agency Limited COMPANY INFORMATION
IREDA IPO is a book built issue of Rs 2,150.21 crores. The issue is a combination of fresh issue of 40.32 crore shares aggregating to Rs 1,290.13 crores and offer for sale of 26.88 crore shares aggregating to Rs 860.08 crores. IREDA IPO opens for subscription on November 21, 2023 and closes on November 23, 2023. The allotment for the IREDA IPO is expected to be finalized on Wednesday, November 29, 2023. IREDA IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 4, 2023. IREDA IPO price band is set at ₹30 to ₹32 per share. The minimum lot size for an application is 460 Shares. The minimum amount of investment required by retail investors is ₹14,720. The minimum lot size investment for sNII is 14 lots (6,440 shares), amounting to ₹206,080, and for bNII, it is 68 lots (31,280 shares), amounting to ₹1,000,960. Idbi Capital Market Services Limited, Bob Capital Markets Limited and SBI Capital Markets Limited are the book running lead managers of the IREDA IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to IREDA IPO RHP for detailed information.
IREDA IPO is a book built issue of Rs 2,150.21 crores. The issue is a combination of fresh issue of 40.32 crore shares aggregating to Rs 1,290.13 crores and offer for sale of 26.88 crore shares aggregating to Rs 860.08 crores.
IREDA IPO opens for subscription on November 21, 2023 and closes on November 23, 2023. The allotment for the IREDA IPO is expected to be finalized on Wednesday, November 29, 2023. IREDA IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 4, 2023.
IREDA IPO price band is set at ₹30 to ₹32 per share. The minimum lot size for an application is 460 Shares. The minimum amount of investment required by retail investors is ₹14,720. The minimum lot size investment for sNII is 14 lots (6,440 shares), amounting to ₹206,080, and for bNII, it is 68 lots (31,280 shares), amounting to ₹1,000,960.
Idbi Capital Market Services Limited, Bob Capital Markets Limited and SBI Capital Markets Limited are the book running lead managers of the IREDA IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to IREDA IPO RHP for detailed information.
FAQs About Indian Renewable Energy Development Agency Limited
Indian Renewable Energy Development Agency Limited will open on 21 Nov, 2023 and close on 23 Nov, 2023. Investors must apply within this period to participate.
The Indian Renewable Energy Development Agency Limited price band is set between ₹30.00 and ₹32.00 per share. The minimum lot size is 460, requiring an investment of at least ₹14720.00.
The Indian Renewable Energy Development Agency Limited shares are expected to be listed on 04 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Indian Renewable Energy Development Agency Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Indian Renewable Energy Development Agency Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.