IPO IPO-Synopsis
Indian Renewable Energy Development Agency Ltd

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Registered Office: India Habitat Centre 1st Floor,East Court Core-4 A Lodhi Road , New Delhi - 110003 , New Delhi , India.
Phone : +91 11 2468 2214   Fax:
Email :  equityinvestor2023@ireda.in  
Website :  https://www.ireda.in/home
Initial public offer of 671,941,177* equity shares of face value of Rs10 each ("Equity Shares") of Indian Renewable Energy Development Agency Limited (the "Company" or the "Issuer") for cash at a price of Rs32 per equity share (including a premium of Rs22 per equity share) ("Offer Price") aggregating to Rs2150.21 crores*, comprising a fresh issue of 403,164,706* equity shares aggregating to Rs1290.13 crores* by the company (the "Fresh Issue") and an offer for sale of 268,776,471* equity shares aggregating to Rs860.09 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 Rs6.00 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 Rs32 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-23 23-Nov-23 Rs32.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :460  Further Multiples of :460

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
BOB Capital Markets Ltd
Project Financed through Current Offer 2150.21  
Post Issue Equity Share Capital 2687.76  
Issue Price Rs32.00  
Projects
Listing of the Equity Shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE 
NSE 
Registrar to the Issue
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