
Industrial & Financial Services · NSE / BSE
Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned public limited company, established in March 1987. It operates under the Ministry of New and Renewable Energy (MNRE) and holds the Mini Ratna (Category - I) status. In the financial year 2021-22, IREDA achieved record-breaking loan sanctions of approximately ₹23,921.06 crores and loan disbursements of around ₹16,070.82 crores. With over 36 years of experience, IREDA has been a key player in promoting and financing renewable energy projects, energy efficiency, and conservation initiatives. The company provides a wide range of financial products and services, supporting projects from inception to completion. This includes funding for renewable energy generation, equipment manufacturing, and transmission infrastructure. Committed to driving a greener and more sustainable future, IREDA ensures its clients receive expert guidance and financial support throughout their projects. As of June 30, 2023, its diversified portfolio of outstanding term loans stands at ₹472,066.63 million.
Price Band
₹30 – ₹32
Issue Size
₹2150 Cr
Lot Size
460 shares
GMP
+42.2%
Est. Listing
₹45.5
at current GMP
Subscribed
38.80x
overall
Open
21 Nov 2023
Close
23 Nov 2023
Allotment
25 Nov 2023
Refund
26 Nov 2023
Demat Credit
27 Nov 2023
Listing
29 Nov 2023
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹32
Band: ₹30 – ₹32
Estimated Listing Price
₹45.5
Upper price + GMP
Lot Size
460 shares
Min investment ₹14,720
Estimated Profit / Lot
₹6,210
460 × ₹13.5
Grey Market Premium trend
+₹13.5
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹13.5 | 42.2% | ₹45.5 |
| 30 Oct 2026 | +₹13.5 | 42.2% | ₹45.5 |
| 29 Oct 2026 | +₹12 | 38.0% | ₹44 |
GMP is unofficial market data. Not a guarantee of listing performance.
Indian Renewable Energy Development Agency Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹2,150.21 Crores. The shares are offered at a price band of ₹30 to ₹32 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 460 shares (approx. ₹14,720 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-11-27, while un-allotted funds or UPI block mandates will be released on 2023-11-26.
The latest grey market premium for Indian Renewable Energy Development Agency Limited IPO is ₹13.5, which indicates an expected listing price of ₹45.5.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.