IREDA IPO Allotment Date, Where To Check Allotment Status And Subscription Details

Indian Renewable Energy Development Agency Ltd. (IREDA) recently concluded its Initial Public Offering (IPO) subscription period on November 23.

The IPO, amounting to Rs 2,150.21 crores, witnessed robust demand on the final day of subscription. The enthusiasm for IREDA's IPO soared, with an impressive total subscription of 38.80 times.

The IPO offered a mix of fresh issue and an offer for sale, with a price band of Rs 30 to Rs 32 per share. Notably, retail investors needed a minimum investment of Rs 14,720 to participate, with subscription numbers reflecting a strong interest from various investor categories.

The allotment of shares for Indian Renewable Energy Development Agency Limited (IREDA) is expected to be finalised on Friday, November 24.

*This is a tentative date and is subject to change.

Shares of Indian Renewable Energy Development Agency Limited are set to be listed on the stock exchanges (BSE & NSE) on Wednesday, November 29.

*This is a tentative date and is subject to change.

Investors can check the IREDA IPO allotment status on the official registrar website for IPO, Link Intime Pvt Ltd and on the official website of BSE.

Subscritpion Day 3

• Total Subscription: 38.80 times

• Institutional investors: 104.57 times

• Non-institutional investors: 24.16 times

• Retail investors: 7.73 times

• Employees reserved: 9.80 times

Subscription Day 2

• Total Subscription: 5.31 times

• Institutional investors: 2.69 times

• Non-institutional investors: 7.74 times

• Retail investors: 4.25 times

• Employees reserved: 4.97 times

Subscription Day 1

• Total Subscirption: 1.96 times

• Institutional investors: 1.34 times

• Non-institutional investors: 2.73 times

• Retail investors: 1.97 times

• Employees reserved: 2.11 times

• IPO Open Date: Tuesday, November 21

• IPO Close Date: Thursday, November 23

• Basis of Allotment: Friday, November 24

• Initiation of Refunds: Friday, November 24

• Credit of Shares to Demat: Tuesday, December 28

• Listing Date: Wednesday, November 29

• Total issue size: Rs 2,150.21 Cr

• Face value: Rs 10 per share

• Fresh issue size: Rs 1,290.13 Cr

• Shares for fresh issue: 403,164,706 shares

• Offer for sale size: Rs 860.08 Cr

• Shares for offer for sale: 29,571,390 shares

• Price band: Rs 30 to Rs 32 per share

• Lot size: 460 shares.

IREDA, founded in 1987, is a government-owned company that supports renewable energy projects. In 2021-22, it provided record loans of about Rs. 23921.06 crores for projects. With over 36 years of experience, IREDA offers financial assistance for the entire project cycle, from start to finish, promoting a greener and sustainable future. As of June 30, 2023, the company has a diverse portfolio with outstanding loans totaling Rs 472,066.63 million.