IREDA IPO Date, Review, Price, Allotment Details

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 DateTuesday, November 21, 2023
IPO Close DateThursday, November 23, 2023
Basis of AllotmentWednesday, November 29, 2023
Initiation of RefundsThursday, November 30, 2023
Credit of Shares to DematFriday, December 1, 2023
Listing DateMonday, December 4, 2023
Cut-off time for UPI mandate confirmation5 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 2021FY 2022*FY 2023*Q1 FY 2024*
Net income346.38633.53864.63294.58
Margin (%)13.0522.1524.8325.77

Company Promoters


IREDA IPO Registrar

Link Intime India Private Limited
Telephone: +91 81 0811 4949

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


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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘IREDA ’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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