IREDA IPO, with over 36 years of experience, is a financial institution dedicated to promoting, developing, and extending financial assistance for new and renewable energy (RE) projects, as well as energy efficiency and conservation (EEC) projects. The institution offers a comprehensive range of financial products and services, covering the entire project lifecycle, from conceptualization to post-commissioning, for RE projects and associated activities like equipment manufacturing and transmission.
As of June 30, 2023, IREDA has a diversified portfolio of Term Loans Outstanding, totaling ₹472,066.63 million, reflecting their commitment to high-quality assets, a varied asset book, and stable profitability, as mentioned in the DRHP filed. The company has financed projects across multiple RE sectors, including solar power, wind power, hydropower, transmission, biomass (including bagasse and industrial co-generation), waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC, and green mobility. Additionally, IREDA offers financial products and schemes for emerging RE technologies like biofuel, green hydrogen and its derivatives, battery energy storage systems, fuel cells, and hybrid RE projects.
IREDA’s suite of financial products and services includes various fund-based and non-fund-based options. For RE developers, key fund-based products include long-term, medium-term, and short-term loans (for projects, manufacturing, and equipment financing), top-up loans, bridge loans, takeover financing, and loans against securitization of future cash flows. Furthermore, they provide a line of credit to other NBFCs for on-lending to RE and EEC projects.
IREDA IPO Timeline
IREDA IPO opens on November 21, 2023, and closes on November 23, 2023.
| IPO Open Date | Tuesday, November 21, 2023 |
| IPO Close Date | Thursday, November 23, 2023 |
| Basis of Allotment | Wednesday, November 29, 2023 |
| Initiation of Refunds | Thursday, November 30, 2023 |
| Credit of Shares to Demat | Friday, December 1, 2023 |
| Listing Date | Monday, December 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 23, 2023 |
Objects of the Issue
- Gross proceeds of the Fresh Issue
- Less: Fresh Issue related expenses*
- Net Proceeds
IREDA IPO Financials
| FY 2021 | FY 2022* | FY 2023* | Q1 FY 2024* | |
| Revenue | 2,654.81 | 2,859.90 | 3,481.98 | 1,143.21 |
| Expenses | 2,088.23 | 2,040.32 | 2,343.80 | 703.96 |
| Net income | 346.38 | 633.53 | 864.63 | 294.58 |
| Margin (%) | 13.05 | 22.15 | 24.83 | 25.77 |
Company Promoters
- THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF NEW AND RENEWABLE ENERGY, GOVERNMENT OF INDIA
IREDA IPO Registrar
Link Intime India Private Limited
Telephone: +91 81 0811 4949
E-mail: indianrenergy@linkintime.co.in
Website: www.linkintime.co.in
IREDA IPO Allotment Status Check
Check IREDA IPO allotment status on Linkintime website allotment URL. Click Here
IREDA IPO Lead Managers aka Merchant Bankers
- BOB Capital Markets Limited
- SBI Capital Markets Limited
- IDBI Capital Markets & Securities Limited
Company Address
IREDA Limited
India Habitat Centre, East Court,
Core 4A, 1stFloor, Lodhi Road,
New Delhi –110003, India
Telephone: +91 11 24682214
E-mail: equityinvestor2023@ireda.in
Website: www.ireda.in
IREDA IPO FAQs
What is IREDA IPO?
IREDA IPO is a main-board IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.
When IREDA IPO will open?
The IPO is to open on November 21, 2023 for QIB, NII, and Retail Investors.
What is IREDA Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the IREDA through Zerodha?
Steps to apply in Fedbank Financial Services IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘IREDA ’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.