Indian Renewable Energy Development Agency Ltd - IPO

Indian Renewable Energy Development Agency Ltd IPO Details

Initial public offer of 671,941,177* equity shares of face value of Rs. 10 each (Equity Shares) of Indian Renewable Energy Development Agency Limited (the Company or the Issuer) for cash at a price of Rs. 32 per equity share (including a premium of Rs. 22 per equity share) (Offer Price) aggregating to Rs. 2150.21 crores*, comprising a fresh issue of 403,164,706* equity shares aggregating to Rs. 1290.13 crores* by the company (the Fresh Issue) and an offer for sale of 268,776,471* equity shares aggregating to Rs. 860.09 crores* by the president of india, acting through the ministry of new and renewable energy, government of india (Promoter Selling Shareholder) (Offer for Sale, and together with the fresh issue, the Offer). This offer included a reservation of 1,875,420* equity shares aggregating to Rs. 6.00 crores* (constituting 0.07% of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as Net Offer. The offer and the net offer would constitute 25.00% and 24.93%, respectively, of the post-offer paid-up equity share capital. The offer price is Rs. 32 per equity share and is 3.20 times the face value of the equity shares. * Subject to finalisation of basis of allotment

Objective of issue

Listing of the Equity Shares on the Stock Exchanges.

Indian Renewable Energy Development Agency Ltd Contact Details

Indian Renewable Energy Development Agency Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - equityinvestor2023@ireda.in

Website - https:, www.ireda.in, home