Indian Renewable Energy Development Agency Limited

Company Profile
Company Name Indian Renewable Energy Development Agency Limited
Open Date 21-11-2023
Close Date 23-11-2023
Exchange BSE, NSE
Lot Size 460 Shares
Issue Price ₹ 30 to ₹ 32 per share
Issue Size 67,19,41,177 Equity Shares
Application Amount Min. Inv. - ₹ 14,720 (460 shares) Max. Inv. – ₹ 1,91,360 (5,980 shares)
Recommendation Apply

Indian Renewable Energy Development Agency Limited was originally incorporated in the year 1987 and has its registered office in New Delhi. The company is wholly owned by the Government of
India. The company is a financial institution in the business of promoting, developing and extending financial assistance for new and renewable energy projects, and energy efficiency and conservation projects. The company has financed projects across multiple RE sectors such as solar power, wind power, hydropower, etc. As of 30th September 2023, the Company had 152 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-2 1 Mar-22 Mar-23 Sep-23
Total Assets 30,293 36,708 50,446 51,208
Net Assets 2,995 5,268 5,935 6,580
Total Borrowings 24,000 27,613 40,165 39,850
Total Revenue 2,657 2,874 3,483 2,320
Profit After Tax 346 633 864 579

Tentative Timeline

Opening Date 21/11/2023
Closing Date 23-11-2023
Basis of Allotment 29-11-2023
Initiation of Refunds 30-11-2023
Credit of Shares to Demat 01-12-2023
Listing Date 04-12-2023

Objects of the Issue

Augmenting the capital base to meet future capital requirements.
Expect to receive the benefits of listing the Equity Shares on Stock Exchange.

Contact Information

Registered Office Indian Renewable Energy Development Agency Ltd India Habitat Centre East Court, Core 4A, 1stFloor, Lodhi Road, New Delhi–110003
Phone +91 11 24682206

Offer Documents


Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100%
Share Holding Post Issue (Promoters) 75%

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