Dear investors Check out Indian Renewable Energy Development Agency Ltd IPO GMP Today. We regularly update Grey Market Premium Today About all IPO. IREDA IPO GMP today is ₹12. Indian Renewable Energy Development Agency Ltd IPO’s estimated listing price is ₹44 (cap price + today’s GMP).
IREDA IPO opens on Nov 21, 2023, and closes on Nov 23, 2023. The IPO has a total issue size of 671,941,177 shares (aggregating up to ₹2,150.21 Cr), with IREDA offering shares at a price range of ₹30 to ₹32 per share. IREDA Lot size is 460 shares. The IPO is scheduled to be listed on the NSE. IREDA IPO Basis of Allotment is on Nov 29, 2023. IREDA IPO Initiation of Refunds is on Nov 30, 2023. IREDA IPO Credit of Shares to Demat is on Dec 1, 2023. IREDA IPO Listing Date is on Dec 4, 2023.
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IREDA IPO GMP Today Price | IREDA Gray Markets Price Today
Per the last update on November 22, 2023, at 05:28 PM, the latest GMP (Gray Markets Price) for IREDA IPO is ₹12. The base price of the IPO is ₹32, with an estimated listing price of ₹44 (37.5%) (cap price + today’s GMP). This suggests an expected profit/loss per share of 18.75%.
TTL IPO GMP Today
| Date | GMP | Subject to Sauda | IPO Price | Estimated Listing Price |
| 23 Nov | ₹ | 2600 | 32 | ₹44 (37.5%) |
| 21 November | ₹6 | 2600/3640000 | 32 | ₹38(18.75%) |
| 20 November | ₹7 | 2600/36400 | 32 | ₹ 39(21.88%) |
IREDA Limited IPO GMP Share Price is ₹44 (37.5%) (GMP + IPO price)
IREDA Limited Company Details
Established in March 1987, the Indian Renewable Energy Development Agency Limited (IREDA) operates as a government-owned public limited company and holds the prestigious status of being a Mini Ratna (Category – I) government enterprise. Under the administrative purview of the Ministry of New and Renewable Energy (MNRE), IREDA marked a significant milestone in the fiscal year 2021-22 by achieving record-high loan sanctions totaling approximately Rs. 23921.06 crores and loan disbursements of around Rs. 16070.82 crores.
With over 36 years of expertise, IREDA serves as a seasoned financial institution actively involved in the promotion, development, and provision of financial assistance for new and renewable energy projects, alongside initiatives focused on energy efficiency and conservation. Offering a comprehensive suite of financial products and associated services, IREDA supports projects throughout their lifecycle, from conceptualization to post-commissioning, encompassing renewable energy projects and ancillary activities like equipment manufacturing and transmission. Committed to fostering a transition to a greener and more sustainable future, IREDA stands as a steadfast partner, ensuring clients receive optimal support and guidance.
As of June 30, 2023, the company boasts a diversified portfolio with Term Loans Outstanding amounting to ₹ 472,066.63 million.
In terms of financial performance, Indian Renewable Energy Development Agency Limited’s restated standalone data reveals a notable uptick, with a 21.18% increase in revenue and a substantial 36.48% rise in profit after tax (PAT) for the fiscal year ending March 31, 2023, compared to the previous year.
IREDA IPO GMP FAQs
What is IREDA IPO GMP Today?
The IREDA IPO GMP (Grey Market Premium) price is ₹12.
What are IREDA IPO Kostak Rates Today?
The IREDA IPO Kostak Rate is ₹2300.
What is IREDA IPO Subject to Sauda Price Today?
The IREDA IPO subject to sauda price is ₹32200.
IREDA IPO Expected Returns?
The IREDA IPO’s expected return is ₹44 (37.5%)
Who is the owner of IREDA Ltd?
The President of India acting through The Ministry of New & Renewable Energy, Government of India is the owner of IREDA Ltd.
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