Open Date

21 Nov 2023

23 Nov 2023


₹2,150.21 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹30 to ₹32

Close Date

Allotment Date

29 Nov 2023

04 Dec 2023

IPO Details

Established in 1987, the Indian Renewable Energy Development Agency is a Government of India enterprise and falls under the Ministry of New and Renewable Energy (MNRE).  IREDA works as a Public Financial Institution and is registered with the Reserve Bank of India as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFCND-SI”), with Infrastructure Finance Company (“IFC”) status. IREDA was also conferred with the Mini Ratna (Category I) status in June 2015. 

About the Company

The company will utilise the funds raised from fresh issues for capital requirements and onward lending.


The book-running lead managers to the offer are: IDBI Capital Market Services Limited BOB Capital Markets Limited SBI Capital Markets Limited

Book Runners

Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.