{"id":4805,"date":"2023-11-21T11:08:27","date_gmt":"2023-11-21T05:38:27","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4805"},"modified":"2024-08-23T11:47:44","modified_gmt":"2024-08-23T06:17:44","slug":"ipo-indian-renewable-energy-development-agency-ltd","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-indian-renewable-energy-development-agency-ltd\/","title":{"rendered":"IPO : Indian Renewable Energy Development Agency Ltd"},"content":{"rendered":"

Indian Renewable Energy Development Agency Ltd IPO<\/h1>\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nIREDA<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nTuesday, November 21, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nThursday, November 23, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\n\u20b930 to \u20b932 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.1,290.13 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.10 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

IREDA IPO is a book built issue of Rs 2,150.21 crores. The issue is a combination of fresh issue of 40.32 crore shares aggregating to Rs 1,290.13 crores and offer for sale of 26.88 crore shares aggregating to Rs 860.08 crores.<\/p>\n

IREDA IPO opens for subscription on November 21, 2023 and closes on November 23, 2023. The allotment for the IREDA IPO is expected to be finalized on Wednesday, November 29, 2023. IREDA IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 4, 2023.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n460 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.14,800<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n5980 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,91,360<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n75 % (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nMonday, December 4, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nBSE, NSE<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

IREDA IPO price band is set at \u20b930 to \u20b932 per share. The minimum lot size for an application is 460 Shares. The minimum amount of investment required by retail investors is \u20b914,720. The minimum lot size investment for sNII is 14 lots (6,440 shares), amounting to \u20b9206,080, and for bNII, it is 68 lots (31,280 shares), amounting to \u20b91,000,960.<\/p>\n

Objects of the Issue (IREDA IPO Objectives)<\/h2>\n

The Offer comprises the Fresh Issue and the Offer for Sale. The company will not receive any proceeds from the Offer for Sale. Further, the proceeds of the Offer for Sale shall be received by the Promoter Selling Shareholder and will not form part of the Net Proceeds. The company intends to utilize the net proceeds for the following objects:-<\/p>\n

    \n
  1. Augmenting the capital base to meet future capital requirements and onwardlending.<\/li>\n
  2. The Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing\u00a0the brand image among existing and potential customers and creating a public market for the Equity Shares in India.<\/li>\n<\/ol>\n
    SMART IPO using UPI, you can now apply online<\/strong><\/div>\n
    \n

    For Existing Clients :\u00a0https:\/\/gudwil.in\/IPO
    \n<\/a>Open an account : \u00a0    https:\/\/gudwil.in\/smart<\/a><\/strong>Further any clarification, feel free to contact your Branch \/ Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999Warm Regards,
    \nTeam GoodwillDISCLAIMER :<\/strong>\u00a0Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @\u00a0    https:\/\/www.gwcindia.in\/Disclaimer<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Indian Renewable Energy Development Agency Ltd IPO \u00a0SYMBOL IREDA \u00a0ISSUE TYPE Book Built Issue IPO \u00a0ISSUE OPENS ON Tuesday, November 21, 2023 \u00a0ISSUE CLOSES ON Thursday, November 23, 2023 \u00a0ISSUE PRICE \u20b930 to \u20b932 per share \u00a0ISSUE SIZE Up to Rs.1,290.13 Crores \u00a0FACE VALUE Rs.10 per share IREDA IPO is a book built issue of […]<\/p>\n","protected":false},"author":6,"featured_media":4806,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[117],"tags":[],"class_list":["post-4805","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-ipo","post_format-post-format-image"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=4805"}],"version-history":[{"count":0,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/4806"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=4805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}