The IREDA IPO, valued at Rs 2,150.21 crores, comprises a combination of a fresh issue of 40.32 crore shares amounting to Rs 1,290.13 crores and an offer for sale of 26.88 crore shares totaling Rs 860.08 crores.
Bidding for the IREDA IPO commenced on November 21, 2023, and concluded on November 23, 2023. The allotment of shares was finalized on Friday, November 24, 2023, with listing on the BSE and NSE occurring on November 29, 2023.
The IPO price band for IREDA was set between ₹30 to ₹32 per share, with a minimum lot size of 460 shares per application. Retail investors were required to invest a minimum of ₹14,720. Additionally, the minimum lot size investment for sNII was 14 lots (6,440 shares), amounting to ₹206,080, while for bNII, it was 68 lots (31,280 shares), totaling ₹1,000,960.
Idbi Capital Market Services Limited, Bob Capital Markets Limited, and SBI Capital Markets Limited acted as the book running lead managers for the IREDA IPO, with Link Intime India Private Ltd serving as the registrar for the issue.
Objective of IPO.
The issue is of total 671,941,177 Equity Shares, out of which 268,776,471 Equity Shares is completely “offer for sale” and rest 403,164,706 Equity Shares are “fresh issue.”
The company proposes to utilize Fresh Issue towards augmenting its capital base to meet future capital requirements and onward lending.
The MOA of the company enables them to undertake existing business activities or the activities proposed to be funded from the Net Proceeds.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
Copyright @2020 Design & Developed by Info Web Software