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.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
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