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IPO

IPO Details


Indian Renewable Energy Development Agency Ltd
Registered Office: India Habitat Centre 1st Floor, East Court Core-4 A Lodhi Road, New Delhi - 110003, New Delhi
Phone: +91 11 2468 2214
Email: equityinvestor2023@ireda.in
Website: https://www.ireda.in/home
Initial public offer of 671,941,177* equity shares of face value of Rs. 10 each (Equity Shares) of Indian Renewable Energy Development Agency Limited (the Company or the Issuer) for cash at a price of Rs. 32 per equity share (including a premium of Rs. 22 per equity share) (Offer Price) aggregating to Rs. 2150.21 crores*, comprising a fresh issue of 403,164,706* equity shares aggregating to Rs. 1290.13 crores* by the company (the Fresh Issue) and an offer for sale of 268,776,471* equity shares aggregating to Rs. 860.09 crores* by the president of india, acting through the ministry of new and renewable energy, government of india (Promoter Selling Shareholder) (Offer for Sale, and together with the fresh issue, the Offer). This offer included a reservation of 1,875,420* equity shares aggregating to Rs. 6.00 crores* (constituting 0.07% of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as Net Offer. The offer and the net offer would constitute 25.00% and 24.93%, respectively, of the post-offer paid-up equity share capital. The offer price is Rs. 32 per equity share and is 3.20 times the face value of the equity shares. * Subject to finalisation of basis of allotment
Issue Money Payable On
Opens On Closes On Application Allotment
21-Nov-2023 23-Nov-2023 ₹ 32.00 ₹ 0.00
Minimum Application for shares in Nos : 460 Further Multiples of : 460
(₹)Cr. Lead Managers to the Issue
Project Cost 0.00 BOB Capital Markets Ltd
Project Financed through Current Offer 2,150.21
Post Issue Equity Share Capital 2,687.76
Issue Price ₹32.00
Projects
Listing of the Equity Shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

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