Indian Renewable Energy Development Agency Limited
ListedMainboardIndustrial & 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
₹13.5
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 12 days ago
Overall Subscription
38.80x
Total Demand
QIB Multiplier
104.57x
Institutions & Funds
NII / HNI
24.16x
High Net-Worth
Retail (RII)
7.73x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 134,013,152 | 14,013,536,140 | 104.57x |
| NIB | 100,509,864 | 2,428,282,960 | 24.16x |
| HNIs(10L +) | 67,006,576 | 1,808,317,500 | 26.99x |
| HNIs (2-10L) | 33,503,288 | 619,965,460 | 18.50x |
| RETAIL | 234,523,015 | 1,812,274,420 | 7.73x |
| EMPLOYEES | 1,875,420 | 18,371,940 | 9.80x |
| Total | 571,431,315 | 20,700,748,420 | 38.80x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 511,259 | 3,952,032 | 7.73x |
| HNIs (10L +) | 3,270 | 79,003 | 24.16x |
| HNIs (2-10L) | 15,651 | 378,128 | 24.16x |
| Total Applications | 530,180 | 4,409,163 | 8.32x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.