Indian Renewable Energy Development Agency Ltd. IPO

Indian Renewable Energy Development Agency Limited (IREDA) is a Non-Banking Financial Company (NBFC) under the administrative control of the Ministry of New and Renewable Energy (MNRE). It is a government of India enterprise with a mission to finance and promote self-sustaining investment in energy generation from renewable sources, energy efficiency, and environmental technologies for sustainable development. IREDA provides financial assistance in the form of loans, equity funding, and grants to renewable energy projects in India. It also plays a key role in promoting renewable energy technologies and creating awareness about the benefits of renewable energy.

RHP
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DRHP
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Open Date

2023-11-21

Close Date

2023-11-23

Company Financials

You can get the following financial statements of Indian Renewable Energy Development Agency Ltd. as of now.

Subscription Details

The details about the IREDA IPO is as:

  • The issue size of the IPO is 2150.21 Cr.
  • The price band for IREDA IPO is Rs 30 to Rs 32.
  • The shares of IREDA IPO will list on 29th November 2023.
  • The latest tentative GMP of IREDA IPO is Rs 10.
  • The shares of IREDA IPO is subscribed 7.10 times as of 12:05 pm, 23rd November 2023. 

 

IREDA IPO Valuation

The approx valuation of IREDA IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 32
Existing Shares (Qty) 228.46 Cr
Fresh Issue 1290.13 Cr
Market Cap 8600.85 Cr
EPS (FY23) Rs 3.78
PE Ratio 8.46x
Industry PE 6.25x

 

IREDA IPO Issue Size

IREDA IPO issue size is 2150.21 Cr

Issue Amount
Fresh Issue 1290.13 Cr
Offer For Sale 860.18 Cr

 

IREDA IPO Market Lot

An Individual can apply for a minimum 1 lot of 460 shares and a maximum of 13 lots of 5980 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 460 14,720
 Maximum 13 5980 1,91,360

 

IREDA IPO share offer

The shares of IREDA IPO is subscribed 7.10 times as of 12:05 pm, 23rd November 2023The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 4.94 Times
Non-Institutional Minimum 15% 13.22 Times
Retail Individual Minimum 35% 5.71 Times
Employee 18,75,420 Shares 6.92 Times
Total   7.10 Times

Allotment Details

Find below the dates for IREDA IPO:

Schedule Date
Basis of Allotment 24 November 2023
Refunds 25 November 2023
Credit to Demat Account 28 November 2023
IPO Listing Date 29 November 2023

 

IREDA IPO allotment is out. Check the allotment of IREDA IPO by clicking on the button below.

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Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 2.64 5.06 2.93 14.26 1.07
Interest 1182.9 1459.21 1570.26 1587.25 2088.44
Exceptional Items -74.33 0 0 0 0
Profit Before Tax 310.95 241.11 569.52 833.84 1139.25
Tax 61.05 26.56 223.11 200.31 274.62
Adjusted EPS (Rs.) 0.32 0.27 0.44 0.28 0.38

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 784.6 784.6 784.6 2284.6 2284.6
Total Reserves 1799.37 1736.72 2210.59 2983.51 3650.57
Borrowings 18752.92 21853.55 24000 27613.07 40165.28
Other N/C liabilities 1900.75 2321.71 2109.84 2449.72 2512.88
Current liabilities 2135.66 1880.6 976.95 1055.43 1532.66
Total Liabilities 25373.3 28577.17 30081.98 36386.34 50145.98
Assets
Net Block 302.97 282.04 266.1 247.8 228.72
Capital WIP 0.01 0.01 0.01 128.33 139.26
Intangible WIP 0 0 0 3.11 4.86
Investments 0.12 0.12 0.12 99.27 99.3
Other N/C Assets 1640.25 1640.84 1641.32 1641 1650.53
Current Assets 1367.32 2532.41 1087.23 982.15 1681.93
Total Assets 25373.3 28577.17 30081.98 36386.34 50145.98
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 0.34
Interest Expended 759.97
Operating Expenses 98.88
Total Provisions 0
Profit Before Tax 386.14
Tax 50.6
Net Profit 335.54
Adjusted EPS (RS) 1.25

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 75 0
Sep 2018 100 0
* Figures given above are % of equity capital
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