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Indian Renewable Energy Development Agency Ltd. IPO
Indian Renewable Energy Development Agency Ltd., established in 1987, operates in the Finance - Term Lending Institutions sector. The company's IPO opened on November 21, 2023 and closed on November ... Read more
IPO Timeline
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21 Nov 2023Bidding Starts
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23 Nov 2023Bidding Ends
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29 Nov 2023Listing
About Indian Renewable Energy Development Agency Ltd.
We are a Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy. We are a “Public Financial Institution”, registered as a Systemically Important Non-Deposit taking Non-Banking Financial Company, with Infrastructure Finance Company ... Read more
Indian Renewable Energy Development Agency Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 20,10,19,727 (29.92%) |
| Employee Reserved | 18,75,420 (0.28%) |
| Non Institutional Investors | 10,05,09,864 (14.96%) |
| Qualified Institutional Buyers (QIBs) | 13,40,13,152 (19.94%) |
| Retail Individual Investors (RIIs) | 23,45,23,015 (34.9%) |
Indian Renewable Energy Development Agency Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 6,754.78 Cr | 1,698.60 Cr | 7,578.40 Cr |
| 31 Mar 2024 | 4,965.29 Cr | 1,252.23 Cr | 5,871.66 Cr |
| 31 Mar 2023 | 3,483.04 Cr | 864.63 Cr | 3,650.57 Cr |
Indian Renewable Energy Development Agency Ltd. Background
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1987Incorporated as a public limited company
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1995The GoI notified our Company as Public Financial Institution under section 4(A) of the Companies Act
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1997We signed our first loan agreement with Asian Development Bank for line of credit of US$100 million
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2008Reserve Bank of India granted a certificate of registration to our Company to commence/carry on the business of non-banking financial institution without accepting public deposits, and classified us as an investment and credit company
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2010We got upgraded from ‘Schedule C’ to ‘Schedule B’ Central Public Sector Enterprise
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2015We were granted “Mini-Ratna” (Category-I) status by MNRE
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2016We set up a 50 MW Solar Project in Kerala
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2017We became the first Indian financial institution to raise ‘Green Masala Bonds’ listed on London Stock Exchange/Singapore Stock Exchange
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2019We issued our first subordinated debt (Tier-2 capital) aggregating to ?1,500 million
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2020We signed an MOU with SJVN to provide techno-commercial Consultancy in the field of Renewable Energy
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2021We opened branch offices in Western India (Mumbai) and Eastern India (Bhubaneswar)
We signed MOUs with:
(1) NHPC to provide techno-commercial consultancy in the field of renewable energy.
(2) Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) to provide advisory services such as market assessment; greenfield project development; bid process management and implementation support and also debt raising services.
(3) North-Eastern Electric Power Corporation Limited (NEEPCO) to provide advisory services such as market assessment; greenfield project development; bid process management and implementation support and also debt raising services.
(4) Brahmaputra Valley Fertilizer Corporation Limited to provide advisory services such as market assessment; greenfield project development; bid process management and implementation support and also debt raising services.
(5) THDC India Limited (THDCIL) to undertake techno-financial due diligence of renewable energy and energy efficiency & conservation projects.
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2022We signed MOUs with;
(1)Goa Shipyard Limited, and Central Institute of Petrochemicals Engineering and Technology, to provide techno-commercial consultancy services in the field of renewable energy;
(2)Bank of India (BOI) for co-lending/consortium lending for renewable energy project
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2023Reserve Bank of India granted a renewed certificate of registration to our Company to commence/ carry on the business of non-banking financial institution without accepting public deposits, and classified us as an infrastructure finance company
ICRA Ratings Limited upgraded our debt instruments rating to ‘AAA’ Stable
We signed MOUs with:
(1)Bank of Maharashtra (BOM) for co-lending/consortium lending for renewable energy project
(2)Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to provide techno-commercial consultancy in the field of renewable energy;
India Ratings upgraded our debt instruments rating to ‘IND AAA’/Stable
DPE approved upgradation of our Company from ‘Schedule B’ to ‘Schedule A’ Central Public Sector Enterprise
1. Augmenting our capital base to meet our future capital requirements and onward lending
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 32.00 | ₹ 32.00 |
| Open | ₹ 1000.00 | ₹ 925.01 |
| Low | ₹ 1000.00 | ₹ 925.01 |
| High | ₹ 1000.00 | ₹ 925.01 |
| Last Trade | ₹ 1000.00 | ₹ 925.01 |
President of India
In Fiscal 2023, the outstanding credit of key power financing Non-Banking Financial Companies (“NBFCs”) reached approximately ?9,399 billion, at a CAGR of approximately 10% since Fiscal 2019. In Fiscal 2024, power financing NBFCs are expected to continue this growth momentum, driven ... Read more
Phone no:24682206-19
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