Indian Renewable Energy Development Agency Limited
₹30 - ₹32
460
38.8
| Open Date: | 21-Nov-2023 |
| Close Date: | 23-Nov-2023 |
| Allotment Date: | 29-Nov-2023 |
| Listing Date: | 04-Dec-2023 |
| Listing Price: | ₹63.05/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹30-32 Per Equity Share |
| Issue Size: | 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) |
| Market Lot (Min Amount): | Retail - ₹14,720 : S-HNI - ₹206,080 : B-HNI - ₹1,000,960 |
As on | QIB | Nll | Rll | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered/Reserved | 134,013,152 | 100,509,864 | 234,523,015 | 1,875,420 | 470,921,451 |
| Day 1 - 22-11-23 05:00 PM | 1.34x | 2.74x | 2.02x | 2.13x | 1.98x |
| Day 2 - 23-11-23 05:00 PM | 2.69x | 7.76x | 4.32x | 5.01x | 4.59x |
| Day 3 - 24-11-23 05:00 PM | 104.57x | 24.16x | 7.73x | 9.80x | 38.80x |
| Total No. of Application: | 2,858,909 (Approx.) | ||||
| Retail Subscription on the basis of Apps: | 5.61x | ||||
| Earning Per Share(EPS) | ₹3.78/- |
| P/E Ratio | 8.47 |
| RoNW | 15.44% |
| Net Asset Value (NAV) - Post Issue: | ₹25.98/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 50,446.98 | 3,483.04 | 864.63 |
| 31 Mar,2022 | 36,708.41 | 2,874.16 | 633.53 |
| 31 Mar,2021 | 30,293.39 | 2,657.74 | 346.38 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 75% |
|
The Offer comprises the Fresh Issue and the Offer for Sale. The company will not receive any proceeds from the Offer for Sale. Further, the proceeds of the Offer for Sale shall be received by the Promoter Selling Shareholder and will not form part of the Net Proceeds. The company intends to utilize the net proceeds for the following objects:-
- Augmenting the capital base to meet future capital requirements and onwardlending.
- The Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India.
Incorporated in March 1987, Indian Renewable Energy Development Agency Limitedis a public limited government company. IREDA is a Mini Ratna (Category - I) government enterprise. It is administratively controlled by the Ministry of New and Renewable Energy (MNRE). In FY 2021-22, IREDA achieved the highest-ever loan sanctions of around Rs. 23921.06 crores and loan disbursements of around Rs. 16070.82 crores.
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. 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 committed to 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.
As of June 30, 2023, the company has a diversified portfolio of Term Loans Outstanding, amounting to ₹ 472,066.63 million.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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