IREDA IPO Subscription Details
The IREDA IPO is subscribed 38.80 times on November 23, 2023 5:39:00 PM. The public issue subscribed 7.73 times in the retail category, 104.57 times in the QIB category, and 24.16 times in the NII category.
The price band of IREDA IPO 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.
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Company Details of IREDA
This company is from March 1987, Indian Renewable Energy Development Agency Limited is a public limited government company.
IREDA is an experienced financial institution that has been actively promoting, developing, and extending financial assistance for new and renewable energy projects, as well as energy efficiency and conservation projects for over 36 years. That is how IREDA works. The name of the company is Indian Renewable Energy Development Agency
The company offers a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities such as equipment manufacturing and transmission. IREDA is facilitating the transition towards a greener and more sustainable future, and as a reliable partner, the company ensure that its clients receive the best possible support and guidance throughout their projects.
The IPO Date | November 21, 2023 to November 23, 2023 |
Listing Date | November 29, 2023 |
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 |
IPO Open Date | Tuesday, November 21, 2023 |
IPO Close Date | Thursday, November 23, 2023 |
Basis of Allotment | Friday, November 24, 2023 |
Initiation of Refunds | Saturday, November 25, 2023 |
Credit of Shares to Demat | Tuesday, November 28, 2023 |
Listing Date | Wednesday, November 29, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on November 23, 2023 |
IREDA Contact Details
Indian Renewable Energy Development Agency Ltd
India Habitat Centre
East Court, Core 4A,
1stFloor, Lodhi Road, New Delhi–110003
Phone: +91 11 24682206
Email: equityinvestor2023@ireda.in
Website: https://www.ireda.in/
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