Indian Renewable Energy Development Agency Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 21 to Nov 23, 2023
Price Band
₹30-32
Current GMP
₹50 ( 56.25%)
Subscription
38.80 times
IPO Basic Details
| IPO Date | November 21, 2023 to November 23, 2023 |
| Listing Date | Monday, December 4, 2023 |
| Face Value | Rs.10 per share |
| Price Band | Rs.30 to Rs.32 per share |
| Lot Size | 460 Shares |
| Total Issue Size | 671,941,177 shares (aggregating up to Rs.2,150.21 Cr) |
| Fresh Issue | 403,164,706 shares (aggregating up to Rs.1,290.13 Cr) |
| Offer for Sale | 268,776,471 shares of Rs.10 (aggregating up to Rs.860.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,284,600,000 |
IPO Date
November 21, 2023 to November 23, 2023
Listing Date
Monday, December 4, 2023
Face Value
Rs.10 per share
Price Band
Rs.30 to Rs.32 per share
Lot Size
460 Shares
Total Issue Size
671,941,177 shares (aggregating up to Rs.2,150.21 Cr)
Fresh Issue
403,164,706 shares (aggregating up to Rs.1,290.13 Cr)
Offer for Sale
268,776,471 shares of Rs.10 (aggregating up to Rs.860.08 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
2,284,600,000
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 104.57 |
| Non-Institutional Buyers | 24.16 |
| bNII (bids above ₹10L) | 26.99 |
| sNII (bids below ₹10L) | 18.50 |
| Retail Investors | 7.73 |
| Employees | 9.80 |
| Total ** | 38.80 |
Anchor Investors
1
Qualified Institutions
104.57
Non-Institutional Buyers
24.16
bNII (bids above ₹10L)
26.99
sNII (bids below ₹10L)
18.50
Retail Investors
7.73
Employees
9.80
Total **
38.80
IPO Important Dates
| IPO Open Date | Tuesday, November 21, 2023 |
| IPO Close Date | Thursday, November 23, 2023 |
| Basis of Allotment | Wednesday, November 29, 2023 |
| Initiation of Refunds | Thursday, November 30, 2023 |
| Credit of Shares to Demat | Friday, December 1, 2023 |
| Listing Date | Monday, December 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 23, 2023 |
IPO Open Date
Tuesday, November 21, 2023
IPO Close Date
Thursday, November 23, 2023
Basis of Allotment
Wednesday, November 29, 2023
Initiation of Refunds
Thursday, November 30, 2023
Credit of Shares to Demat
Friday, December 1, 2023
Listing Date
Monday, December 4, 2023
Cut-off time for UPI mandate confirmation
5 PM on November 23, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 460 | Rs.14,720 |
| Retail (Max) | 13 | 5980 | Rs.191,360 |
| S-HNI (Min) | 14 | 6,440 | Rs.206,080 |
| S-HNI (Max) | 67 | 30,820 | Rs.986,240 |
| B-HNI (Min) | 68 | 31,280 | Rs.1,000,960 |
ApplicationRetail (Min)
Lots1
Shares460
AmountRs.14,720
ApplicationRetail (Max)
Lots13
Shares5980
AmountRs.191,360
ApplicationS-HNI (Min)
Lots14
Shares6,440
AmountRs.206,080
ApplicationS-HNI (Max)
Lots67
Shares30,820
AmountRs.986,240
ApplicationB-HNI (Min)
Lots68
Shares31,280
AmountRs.1,000,960
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 51,208.36 | 50,446.98 | 36,708.41 |
| Revenue | 2,320.46 | 3,483.04 | 2,874.16 |
| Profit After Tax | 579.32 | 864.63 | 633.53 |
| Net Worth | 6,580.61 | 5,935.17 | 5,268.11 |
| Reserves and Surplus | 2,550.36 | 2,310.96 | 1,776.05 |
| Total Borrowing | 39,850.19 | 40,165.23 | 27,613.07 |
| Amount in Rs. Crore |
Period EndedAssets
30 Sep 202351,208.36
31 Mar 202350,446.98
31 Mar 202236,708.41
Period EndedRevenue
30 Sep 20232,320.46
31 Mar 20233,483.04
31 Mar 20222,874.16
Period EndedProfit After Tax
30 Sep 2023579.32
31 Mar 2023864.63
31 Mar 2022633.53
Period EndedNet Worth
30 Sep 20236,580.61
31 Mar 20235,935.17
31 Mar 20225,268.11
Period EndedReserves and Surplus
30 Sep 20232,550.36
31 Mar 20232,310.96
31 Mar 20221,776.05
Period EndedTotal Borrowing
30 Sep 202339,850.19
31 Mar 202340,165.23
31 Mar 202227,613.07
Period EndedAmount in Rs. Crore
30 Sep 2023
31 Mar 2023
31 Mar 2022
Key Performance Indicator
| KPI | Values |
| P/E (x) | 8.47 |
| Post P/E (x) | 7.42 |
| Market Cap (Rs. Cr.) | 8600.85 |
| ROE | 15.44% |
| Debt/Equity | 6.77 |
| EPS (Rs) | 3.78 |
| RoNW | 15.44% |
KPI
Values
P/E (x)
8.47
Post P/E (x)
7.42
Market Cap (Rs. Cr.)
8600.85
ROE
15.44%
Debt/Equity
6.77
EPS (Rs)
3.78
RoNW
15.44%
IPO Reservation
| Investor Category | Shares Offered | |
|---|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue | |
| Retail Shares Offered | Not less than 35% of the Net Issue | |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue | |
Investor CategoryQIB Shares Offered
Shares OfferedNot more than 50% of the Net Issue
Investor CategoryRetail Shares Offered
Shares OfferedNot less than 35% of the Net Issue
Investor CategoryNII (HNI) Shares Offered
Shares OfferedNot less than 15% of the Net Issue
Investor Category
Shares Offered
Investor Category
Shares Offered
Investor Category
Shares Offered
Investor Category
Shares Offered
Disclamer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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