Indian Renewable Energy Development Agency Ltd.IREDA₹181.50 -0.53%

Shares of Indian Renewable Energy Development Agency Ltd. surged over 2% after raising ₹2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilized by issuing 12.15 crore equity shares at ₹165.14 each, comprising a face value of ₹10 and a premium of ₹155.14 per share.

The issue price reflected a 5% discount to the floor price of ₹173.83 and saw strong interest from a broad spectrum of qualified institutional buyers (QIBs), including insurance firms, foreign portfolio investors (FPIs), and scheduled commercial banks. The QIP, launched on June 5 and closed on June 10, was oversubscribed with bids amounting to ₹2,005.90 crore, 1.34 times the base issue size of ₹1,500 crore.

In a meeting held on June 11, 2025, the Board approved the allotment of equity shares to eligible institutional investors. The funds raised will strengthen IREDA’s Tier-I capital and enhance its Capital Adequacy Ratio (CAR), enabling the company to significantly scale up its lending capacity to renewable energy and energy efficiency projects across the country.

Over the last three years, IREDA has given multibagger returns of more than 465%.

Let’s take a look at its factor analysis scores:

About IREDA

Indian Renewable Energy Development Agency Limited (IREDA) is a ‘Navratna’ Government of India Enterprise operating under the Ministry of New and Renewable Energy (MNRE). Established in 1987 as a Non-Banking Financial Institution (NBFI), IREDA is dedicated to promoting, developing, and financing projects in the renewable energy and energy efficiency sectors. With the guiding motto “Energy for Ever,” IREDA plays a pivotal role in accelerating India’s transition to clean and sustainable energy.

IREDA’s mission is to be a pioneering, participant-friendly institution that fosters self-sustaining investments in green energy technologies. The agency provides financial support for electricity generation through renewable sources and energy conservation initiatives, while also continuously improving its systems and customer services to remain competitive in a dynamic energy landscape.

Note: The stock price mentioned is as of 2:40 PM.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.