{"id":5230,"date":"2023-11-16T14:21:24","date_gmt":"2023-11-16T08:51:24","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5230"},"modified":"2023-11-17T17:09:13","modified_gmt":"2023-11-17T11:39:13","slug":"ireda-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/ireda-ipo\/","title":{"rendered":"IREDA IPO Details - Complete Overview of Indian Renewable Energy Development Agency Limited IPO"},"content":{"rendered":"\n

IREDA IPO Price: <\/strong>\u20b930 - \u20b932
IPO Date Range:<\/strong> Nov 21, 2023 - Nov 23, 2023<\/p>\n\n\n\n

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\n
\"IREDA<\/figure>\n<\/div>\n\n\n\n
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Foundation & Business Essence:<\/h2>\n\n\n\n

Established in March 1987, the Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned public limited company. Recognized as a Mini Ratna (Category - I) enterprise, IREDA is under the administrative purview of the Ministry of New and Renewable Energy (MNRE).<\/p>\n<\/div>\n<\/div>\n\n\n\n

Product Portfolio:<\/h2>\n\n\n\n

IREDA's financial products cover a wide spectrum of sectors, including solar power, wind power, hydropower, transmission, biomass, industrial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, energy efficiency, green mobility, and emerging technologies such as biofuel and green hydrogen. <\/p>\n\n\n\n

Indian Renewable Energy Development Agency Limited offers a range of fund-based and non-fund-based products, encompassing long-term, medium-term, and short-term loans, top-up loans, bridge loans, takeover financing, and loans against securitization of future cash flows. <\/p>\n\n\n\n

Additionally, IREDA extends a line of credit to other Non-Banking Financial Companies (NBFCs) for on-lending to Renewable Energy (RE) and Energy Efficiency and Conservation (EEC) projects.<\/p>\n\n\n\n

Objectives Of Indian Renewable Energy Development Agency Limited:<\/h2>\n\n\n\n

IREDA's primary goals include:<\/p>\n\n\n\n

    \n
  1. Providing financial assistance for designated projects and initiatives aimed at generating electricity and\/or energy from new and renewable sources, along with fostering energy conservation through enhanced energy efficiency.<\/li>\n\n\n\n
  2. Sustaining its role as a prominent organization by delivering efficient and effective financing for projects related to renewable energy and energy efficiency\/conservation.<\/li>\n\n\n\n
  3. Augmenting IREDA's presence in the renewable energy sector through innovative financing approaches.<\/li>\n\n\n\n
  4. Enhancing service efficiency for customers by continually refining systems, processes, and resource utilization.<\/li>\n\n\n\n
  5. Aspiring to be a competitive institution by prioritizing and achieving customer satisfaction in its operations.<\/li>\n<\/ol>\n\n\n\n

    Bidding Starts In<\/h2>\n\n\n\n
    -<\/div>
    DAYS<\/div><\/div>
    -<\/div>
    HOURS<\/div><\/div>
    -<\/div>
    MINUTES<\/div><\/div>
    -<\/div>
    SECONDS<\/div><\/div><\/div>\n\n\n\n
    APPLY NOW<\/span><\/path><\/svg>

    Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

    IREDA IPO Specifics:<\/h2>\n\n\n\n
    IPO Date<\/td>November 21, 2023 to November 23, 2023<\/td><\/tr>
    Listing Date<\/td>Monday, December 4, 2023<\/td><\/tr>
    Face Value<\/td>\u20b910 per share<\/td><\/tr>
    Price Band<\/td>\u20b930 to \u20b932 per share<\/td><\/tr>
    Lot Size<\/td>460 shares<\/td><\/tr>
    Total Issue Size<\/td>671,941,177 shares
    (aggregating up to \u20b92,150.21 Cr)<\/td><\/tr>
    Fresh Issue<\/td>403,164,706 shares
    (aggregating up to \u20b91,290.13 Cr)<\/td><\/tr>
    Offer For Sale<\/td>268,776,390 shares
    (aggregating up to \u20b9860.08 Cr)<\/td><\/tr>
    Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
    Listing At<\/td>BSE, NSE<\/td><\/tr>
    Share holding pre issue<\/td>2,284,600,000<\/td><\/tr>
    Share holding post issue<\/td>2,687,764,706<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    IREDA IPO Lot Size<\/h2>\n\n\n\n

    Investors have the opportunity to bid on a minimum of 460 shares, with the option to increase their bid in multiples of this amount. The table below outlines the range of investments available to both retail investors and high-net-worth individuals (HNIs) in terms of shares and corresponding amounts.<\/p>\n\n\n\n

    Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
    Retail (Min)<\/td>1<\/td>460<\/td>\u20b914,720<\/td><\/tr>
    Retail (Max)<\/td>13<\/td>5,980<\/td>\u20b9 191,360<\/td><\/tr>
    S-HNI (Min)<\/td>14<\/td>6,440<\/td>\u20b9 206,080<\/td><\/tr>
    S-HNI (Max)<\/td>67<\/td>30,820<\/td>\u20b9 986,240<\/td><\/tr>
    B-HNI (Min)<\/td>68<\/td>31,280<\/td>\u20b91,000,960 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    IREDA IPO Reservation<\/h2>\n\n\n\n
    QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
    Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
    NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    IREDA IPO Timetable (Important Dates)<\/h2>\n\n\n\n
    IPO Open Date<\/td>Tuesday, November 21, 2023<\/td><\/tr>
    IPO Close Date<\/td>Thursday, November 23, 2023<\/td><\/tr>
    Basis of Allotment<\/td>Wednesday, November 29, 2023<\/td><\/tr>
    Initiation of Refunds<\/td>Thursday, November 30, 2023<\/td><\/tr>
    Credit of Shares to Demat<\/td>Friday, December 1, 2023<\/td><\/tr>
    Listing Date<\/td>Monday, December 4, 2023<\/td><\/tr>
    Cut-off time for UPI mandate confirmation<\/td>5 PM on November 23, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Don't Miss Out!<\/h2>
    <\/div>

    Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

    \n
    APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

    IREDA Limited IPO Financial Information<\/h2>\n\n\n\n

    The Indian Renewable Energy Development Agency Limited (IREDA) experienced a notable surge in revenue, marking a substantial 21.18% increase. Furthermore, the profit after tax (PAT) saw a robust growth of 36.48% during the fiscal year ending on March 31, 2023, compared to the corresponding period ending on March 31, 2022.<\/p>\n\n\n\n

    Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 Sept 2023<\/th><\/tr><\/thead>
    Assets<\/td>30,293.39<\/td>36,708.41<\/td>50,446.98<\/td>51,208.36<\/td><\/tr>
    Revenue<\/td>2,657.74<\/td>2,874.16<\/td>3,483.04<\/td>2,320.46<\/td><\/tr>
    Profit After Tax<\/td>346.38<\/td>633.53<\/td>864.63<\/td>579.32<\/td><\/tr>
    Net Worth<\/td>2,995.60<\/td>5,268.11<\/td>5,935.17<\/td>6,580.61<\/td><\/tr>
    Reserves & Surplus<\/td>1,386.12<\/td>1,776.05<\/td>2,310.96<\/td>2,550.36<\/td><\/tr>
    Total Borrowing<\/td>24,000<\/td>27,613.07<\/td>40,165.23<\/td>39,850.19<\/td><\/tr><\/tbody><\/table>
    Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

    Key Performance Indicator - IREDA IPO<\/h2>\n\n\n\n
    KPI<\/th>Values<\/th><\/tr><\/thead>
    P\/E (x)<\/td>8.47<\/td><\/tr>
    Market Cap (Rs Cr) <\/td>8600.85<\/td><\/tr>
    ROE<\/td>15.44%<\/td><\/tr>
    Debt\/ Equity<\/td>6.77<\/td><\/tr>
    EPS (Rs)<\/td>3.78<\/td><\/tr>
    RoNW<\/td>15.44%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Objects of the Issue:<\/strong><\/h2>\n\n\n\n

    The Offer comprises both the Fresh Issue and the Offer for Sale. It's important to note that the company will not directly receive any proceeds from the Offer for Sale; instead, these funds will be directed to the Promoter Selling Shareholder and will not be considered as part of the Net Proceeds.<\/p>\n\n\n\n

    The net proceeds, on the other hand, are earmarked for specific objectives, including:<\/p>\n\n\n\n

      \n
    1. Strengthening the capital base to meet future financial requirements and support lending activities.<\/li>\n\n\n\n
    2. Anticipating the advantages of listing Equity Shares on Stock Exchanges, such as enhancing the brand image among current and potential customers and establishing a public market for the Equity Shares in India.<\/li>\n<\/ol>\n\n\n\n

      Prospectus Links:<\/strong><\/h2>\n\n\n\n

      Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. IREDA IPO DRHP<\/a> and IREDA IPO RHP<\/a>.<\/p>\n\n\n\n

      Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
      <\/div><\/div>\n\n\n
      \n
      \n
      \n

      What is an IPO?<\/h3>\n
      \n\n

      An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      Why do companies go public with an IPO?<\/h3>\n
      \n\n

      Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      What is the price range for the \"IREDA Limited\" IPO?<\/h3>\n
      \n\n

      The price range for the\"IREDA Limited\" IPO is \u20b930 to \u20b932 per share.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      When will the \"IREDA Limited\" IPO be listed on the stock exchange?<\/h3>\n
      \n\n

      The \"IREDA Limited\" IPO is expected to be listed on Monday, 4 December 2023.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      How to apply for an IPO with Lakshmishree?<\/h3>\n
      \n\n

      To apply for an IPO with Lakshmishree:
      Go to www.lakshmishree.com\/ipo
      Select the desired IPO and fill in the required details.
      Confirm your application and make the payment.
      Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
      \n\n

      Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

      IREDA IPO Price: \u20b930 - \u20b932IPO Date Range: Nov 21, 2023 - Nov 23, 2023 Foundation & Business Essence: Established in March 1987, the Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned public limited company. Recognized as a Mini Ratna (Category - I) enterprise, IREDA is under the administrative purview of the Ministry […]<\/p>\n","protected":false},"author":1,"featured_media":5252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5230"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5230\/revisions"}],"predecessor-version":[{"id":5288,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5230\/revisions\/5288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5252"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}