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IREDA IPO GMP

With more than 36 years of experience, IREDA is a financial organisation that develops, promotes, and provides funding for energy efficiency and conservation (EEC) and new and renewable energy (RE) projects. From project conception to post-commissioning, the company offers a wide range of finance solutions and related services for RE projects and other value chain activities including equipment production and gearbox.

The Ministry of New and Renewable Energy (MNRE) is in charge of IREDA, a fully-owned Government of India (GoI) corporation. With Infrastructure Finance Company (IFC) status, the company is a Systemically Important Non-Deposit-Taking Non-Banking Finance Company. In June 2015, IREDA was also granted the rank of Mini Ratna (Category I).
It had a diverse portfolio of outstanding term loans totaling INR 47,207 crore as of June 30, 2023. The company has provided funding for projects in a variety of renewable energy sectors, including waste-to-energy, compressed biogas, ethanol, solar, wind, hydropower, transmission, biomass (including bagasse and industrial cogeneration), hybrid RE, EEC, and green mobility.

IREDA IPO Details

Signature Global IPO Details
IREDA IPO Dates
21 – 23 November 2023
IREDA Issue Price
INR 30 – 32 per share
Fresh issue
403,164,706 shares (INR 1,209.49 – 1,290.13 crore)
Offer For Sale
268,776,471 shares (INR 806.33 – 860.08 crore)
Total IPO Size
671,941,177 shares (INR 2,015.82 – 2,150.21 crore)
Minimum bid (size)
460 shares (INR 14,720)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
BSE, NSE

Indian Renewable Energy Development Agency Financial Performance

Signature Global Financial Performance

FY21

FY22*

FY23*

H1 FY 24*

Revenue

2,654.81

2,859.90

3,481.98

2,319.83

Expenses

2,088.23

2,040.32

2,343.80

1,501.02

Net income

346.38

633.53

864.63

579.32

Margin (%)

13.05

22.15

24.83

24.97

Figures in INR Crore unless specified otherwise

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