The IREDA IPO is a book-built offering for Rs 2,150.21 crores. The offering consists of a fresh issue of 40.32 crore shares worth Rs 1,290.13 crores and an offer for sale of 26.88 crore shares worth Rs 860.08 crores.
The IREDA IPO goes on sale on November 21, 2023, and closes on November 23, 2023. The IREDA IPO allotment is planned to be completed on Wednesday, November 29, 2023. The IREDA IPO will be listed on the BSE and NSE, with a tentative listing date of Monday, December 4, 2023.
The IREDA IPO pricing range is $30 to $32 per share. The minimum lot size for an application is 460 Shares. Retail investors must make a minimum investment of $14,720. The minimum lot size investment for sNII is 14 lots (6,440 shares), which amounts to 206,080, while the minimum lot size investment for bNII is 68 lots (31,280 shares), which amounts to 1,000,960.
IREDA IPO Details
| IPO Date | November 21, 2023 to November 23, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs30 to Rs 32 per share |
| Lot Size | 460 Shares |
| Total Issue Size | 671,941,177 shares (aggregating up to Rs 2,150.21 Cr) |
| Fresh Issue | 403,164,706 shares (aggregating up to Rs 1,290.13 Cr) |
| Offer for Sale | 268,776,471 shares of ₹10 (aggregating up to Rs 860.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,284,600,000 |
IREDA IPO Timeline
| IPO Open Date | Tuesday, November 21, 2023 |
| IPO Close Date | Thursday, November 23, 2023 |
| Basis of Allotment | Wednesday, November 29, 2023 |
| Initiation of Refunds | Thursday, November 30, 2023 |
| Credit of Shares to Demat | Friday, December 1, 2023 |
| Listing Date | Monday, December 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 23, 2023 |
IREDA IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 460 | Rs 14,720 |
| Retail (Max) | 13 | 5980 | Rs 191,360 |
| S-HNI (Min) | 14 | 6,440 | Rs 206,080 |
| S-HNI (Max) | 67 | 30,820 | Rs 986,240 |
| B-HNI (Min) | 68 | 31,280 | Rs 1,000,960 |
