IREDA IPO is a book-built issue of Rs 2,150.21 crores. The issue is a combination of fresh issue of 40.32 crore shares aggregating to Rs 1,290.13 crores and an offer for sale of 26.88 crore shares aggregating to Rs 860.08 crores.
IREDA IPO opens for subscription on November 21, 2023, and closes on November 23, 2023. The allotment for the IREDA IPO is expected to be finalized on Wednesday, November 29, 2023. IREDA IPO will list on BSE, NSE with a tentative listing date fixed as Monday, December 4, 2023.
IREDA IPO price band is set at ₹30 to ₹32 per share.
The minimum lot size for an application is 460 Shares. The minimum amount of investment required by retail investors is ₹14,720.
The minimum lot size investment for sHNI is 14 lots (6,440 shares), amounting to ₹206,080, and for bHNI, it is 68 lots (31,280 shares), amounting to ₹1,000,960.
Indian Renewable Energy (IREDA) Key Factor
| IPO Date | November 21, 2023 to November 23, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹32 per share |
| Lot Size | 460 Shares |
| Total Issue Size | 671,941,177 shares (aggregating up to ₹2,150.21 Cr) |
| Fresh Issue | 403,164,706 shares (aggregating up to ₹1,290.13 Cr) |
| Offer for Sale | 268,776,471 shares of ₹10 (aggregating up to ₹860.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,284,600,000 |
| Share holding post issue | 2,687,764,706 |
IREDA IPO Lot Size
Retail Investors need 460 shares minimum to make a bid. Here you need to bid in lot where 1 lot = 460 shares. Retail investors can bid a maximum of 13 lots which is equal to 191,360. See below the details chart of IREDA IPO lot size.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 460 | ₹14,720 |
| Retail (Max) | 13 | 5980 | ₹191,360 |
| S-HNI (Min) | 14 | 6,440 | ₹206,080 |
| S-HNI (Max) | 67 | 30,820 | ₹986,240 |
| B-HNI (Min) | 68 | 31,280 | ₹1,000,960 |
IREDA Post Share Holding
One of the key things that every Investor has an eye. It is an important factor to check how much trust do promotor has in their company, hence we must check the Promotor’s shareholding before investing.
According to SEBI, a promotor can’t have more than 75% holding if it is listed in the market.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 75% |
About Indian Renewable Energy Development Agency Ltd
Consolidated in Walk 1987, Indian Environmentally friendly power Improvement Office Limitedis a public restricted government organization. IREDA is a Smaller than expected Ratna (Classification – I) government venture. It is authoritatively constrained by the Service of New and Environmentally friendly power (MNRE). In FY 2021-22, IREDA accomplished the most elevated at any point credit authorizations of around Rs. 23921.06 crores and credit payment of around Rs. 16070.82 crores.
IREDA is an accomplished monetary establishment that has been effectively advancing, creating, and expanding monetary help for new and environmentally friendly power projects, as well as energy proficiency and preservation projects for north of 36 years. The organization offers an exhaustive scope of monetary items and related administrations, from project conceptualization to post-dispatching, for RE projects and other worth chain exercises, for example, gear assembling and transmission. IREDA is focused on working with the change towards a greener and more reasonable future, and as a dependable accomplice, the organization guarantees that its clients get the most ideal help and direction all through their tasks.
As of June 30, 2023, the organization has an expanded arrangement of Term Credits Exceptional, adding up to ₹ 472,066.63 million.
IREDA Financial in last 3 years
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 51,208.36 | 50,446.98 | 36,708.41 | 30,293.39 |
| Revenue | 2,320.46 | 3,483.04 | 2,874.16 | 2,657.74 |
| Profit After Tax | 579.32 | 864.63 | 633.53 | 346.38 |
| Net Worth | 6,580.61 | 5,935.17 | 5,268.11 | 2,995.60 |
| Reserves and Surplus | 2,550.36 | 2,310.96 | 1,776.05 | 1,386.12 |
| Total Borrowing | 39,850.19 | 40,165.23 | 27,613.07 | 24,000.00 |
| Amount in ₹ Crore | ||||
IREDA PE Ration and Market Cap
| KPI | Values |
|---|---|
| P/E (x) | 8.47 |
| Post P/E (x) | 7.42 |
| Market Cap (₹ Cr.) | 8600.85 |
| ROE | 15.44% |
| Debt/Equity | 6.77 |
| EPS (Rs) | 3.78 |
| RoNW | 15.44% |
IREDA IPO – Should you invest or avoid?
Also, If you want to invest in an IPO and earn a profit, you can also consider TATA Technologies IPO
IRDEA, a Small Ratna (Classification I) Government undertaking is a 36-year experienced monetary foundation that is effectively advancing, creating, and expanding monetary help for new and sustainable power projects, as well as energy productivity and preservation projects. The organization has a solid history of development, outfitted with great resources enhanced resource book, and stable productivity. Govt of India drives towards Sustainable power Tasks and is supposed to support organization development.
On the opposite side, the organization could endure assuming they can’t keep up with and actually deal with the nature of developing resource portfolios and NPAs. Unpredictability in financing costs can influence its business. The organization’s FICO assessments for its bonds were downsized previously. The OFS piece of the Initial public offering goes to Govt of India and the company wouldn’t get anything. The Initial public offering cost is additionally completely evaluated.
Financial backers shouldn’t fail to remember IRFC getting recorded underneath the Initial public offering cost on posting day. Subsequently don’t contribute anticipating posting gains.
Financial backers ought to audit every positive perspective and chance variable (both interior and outside factors from the RHP) prior to putting resources into such Initial public offerings for the medium to long haul.
Source: Chittorgarh
IREDA IPO Gmp
One of the most interesting and key factor where investor got attracted and decide whether to invest or not, or if whether to invest in IREDA ipo for listing gain or long term. Below is the IREDA GMP details. Keep an eye on below, i will update it daily.
What is IREDA IPO GMP Today?
What is IREDA IPO Kostak Rates Today?
The IREDA IPO Kostak Rate is ₹-.
What is IREDA IPO Subject to Sauda Price Today?
The IREDA IPO subject to sauda rates is ₹-.
IREDA IPO Expected Returns?
The IREDA expected return is 24%
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