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

IPO Details

Check out the issue details for Indian Renewable Energy Development Agency Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 32

Price Band

₹ 30 - 32

Issue Size

2150.21 Cr.

Issue Type

Book Built

Open

2023-11-21

Close

2023-11-23

Listingprice

₹ 50

ListingGain

56.25%

Listing Date

2023-11-29

CMP

₹ 221.5

Current Return

592.19%

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Other Income 5.06 2.93 14.26 1.07 85.1
Interest 1459.21 1570.26 1587.25 2088.44 3164.1
Exceptional Items 0 0 0 0 0
Profit Before Tax 241.11 569.52 833.84 1139.25 1685.24
Tax 26.56 223.11 200.31 274.62 433.01
Adjusted EPS (Rs.) 0.27 0.44 0.28 0.38 0.47

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 784.6 784.6 2284.6 2284.6 2687.76
Total Reserves 1736.72 2210.59 2983.51 3650.57 5871.66
Borrowings 21853.55 24000 27613.07 39165.29 47749.24
Other N/C liabilities 2321.71 2109.84 2449.72 1743.44 1796.8
Current liabilities 1880.6 976.95 1055.43 5104.75 6152.01
Total Liabilities 28577.17 30081.98 36386.34 51948.64 64257.47
Assets
Net Block 282.04 266.1 247.8 228.72 361.06
Capital WIP 0.01 0.01 128.33 139.26 0
Intangible WIP 0 0 3.11 4.86 0
Investments 0.12 0.12 99.27 99.3 99.34
Other N/C Assets 1640.84 1641.32 1641 1683.9 1680.91
Current Assets 2532.41 1087.23 982.15 3619.78 3405.93
Total Assets 28577.17 30081.98 36386.34 51948.64 64257.47
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.34 10.34 0.43 0.83
Interest Expended 759.97 847.24 974.93 1030.18
Operating Expenses 98.88 65.57 51.41 130.87
Total Provisions 0 0 0 0
Profit Before Tax 386.14 479.67 475.74 459.91
Tax 50.6 142.29 92.04 72.16
Net Profit 335.54 337.38 383.69 387.75
Adjusted EPS (RS) 1.25 1.26 1.43 1.44

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 75 0
Jun 2024 75 0
Mar 2024 75 0
Dec 2023 75 0
Sep 2018 100 0
* Figures given above are % of equity capital
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