• OPEN AN ACCOUNT
Indian Indices
Nifty
22,957.10 -10.55
(-0.05%)
Sensex
75,410.39 -7.65
( -0.01%)
Bank Nifty
48,971.65 203.05
( 0.42%)
Nifty IT
33,824.30 -218.55
( -0.64%)
Global Indices
Nasdaq
16,920.80 184.77
(1.10%)
Dow Jones
39,069.59 4.33
(0.01%)
Hang Seng
18,608.94 -259.77
(-1.38%)
Nikkei 225
38,646.11 -457.11
(-1.17%)
Forex
USD-INR
83.27 0.00
(0.00%)
EUR-INR
90.16 -0.11
(-0.12%)
GBP-INR
105.88 -0.07
(-0.06%)
JPY-INR
0.53 0.00
(-0.22%)

IPO Synopsis

  • YOU ARE HERE :
  • HOME breadcrum-arrow
  • IPO Synopsis

IPO

Indian Renewable Energy Development Agency Ltd
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
Issue
Opens On Closes On
21-Nov-23 23-Nov-23
Money Payable On
Application Allotment
32.00 0.00
Minimum Application for shares in Nos : 460 Further Multiples of : 460
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 BOB Capital Markets Ltd
Project Financed through Current Offer (.Cr) 2150.21  
Post Issue Equity Share Capital (.Cr) 2687.76
Issue Price () 32.00
Projects
Listing of the Equity Shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE
NSE
Registrar to the Issue
No Data Available