Chennai: Indian Renewable energy development agency (IREDA), a Mini Ratna under the Ministry of Central Innovation and Akshay energy, will launch it IPO on Tuesday.
Registered as a systemically important non-deposit taking non-banking finance company with the status of Infrastructure Finance Company, it has set the price band at Rs 30-32 per share. share And is planning to raise Rs 2,150 crore.
The offer comprises issuance of up to 40.3 crore new equity shares and offer for sale of up to 26.9 crore equity shares, it said in a statement here. While investors can bid for a minimum of 460 equity shares and in multiples of 460 equity shares thereafter, the bidding will close on Thursday (November 23, 2023).
IREDA is planning to raise up to ₹2,150 crore through its IPO.
IREDA provides financial assistance for new and renewable energy projects, energy efficiency and conservation projects. It has a geographically diverse portfolio with term loans across the country and has four branches, one of which is in Chennai.
As of September 30, 2023, it had a diversified portfolio of outstanding amount of Rs 47,514 crore.
Registered as a systemically important non-deposit taking non-banking finance company with the status of Infrastructure Finance Company, it has set the price band at Rs 30-32 per share. share And is planning to raise Rs 2,150 crore.
The offer comprises issuance of up to 40.3 crore new equity shares and offer for sale of up to 26.9 crore equity shares, it said in a statement here. While investors can bid for a minimum of 460 equity shares and in multiples of 460 equity shares thereafter, the bidding will close on Thursday (November 23, 2023).
IREDA is planning to raise up to ₹2,150 crore through its IPO.
IREDA provides financial assistance for new and renewable energy projects, energy efficiency and conservation projects. It has a geographically diverse portfolio with term loans across the country and has four branches, one of which is in Chennai.
As of September 30, 2023, it had a diversified portfolio of outstanding amount of Rs 47,514 crore.
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