IREDA IPO: PSU raises ₹643 crore from anchor investors

In this article, we are going to look at the IREDA IPO. It has been officially announced that IPO subscriptions of IREDA have officially opened today. Now it has been reported that the PSU has raised a total of Rs. 643 crore from the anchor investors ahead of the issue opening. Yes, this is true, this has been reported by the officials. The price band of the IREDA IPO has been fixed at Rs. 30 to Rs. 32 per share. Currently, the company is planning to raise around Rs, 2.150.21 crore from the public issue. Read the entire article without missing any line to learn every single thing.


The IPO subscription of Indian Renewable Energy Development Agency Limited (IREDA) has opened today and it is going to close on 23rd November 2023, Thursday. On 20th November, the company raised Rs. 643.26 crores from the anchor investors which includes Goldman Sach ahead of the official launch of the IPO. IREDA has allotted a total of 20,10,19,276 equity shares at Rs. 32 per piece to the anchor investors which includes a total of 13 mutual funds. It has been reported that these 13 mutual funds have been applied by the 32 schemes in the IREDA IPO anchor book. Scroll down to the next paragraph to know more.

According to the market experts, a lot of anchor investors in the IREDA IPO are SBI Banking & Financial Services Fund, ICICI Prudential Midcap Fund, Nippon Life India AMC, HDFC Mutual Fund, Goldman Sachs, Gam Star Emerging Equity, White Oak Midcap Fund, Copthall Mauritius Investment, Sundaram Mutual Fund, DSP Tax Saver Fund, BNP Paribas Arbitrage, and some others. The Indian Renewable Energy Development Agency officially owns the government of India enterprise which is under the administrative control of the Ministry of New and Renewable Energy. Now to know about the details of IREDA’s initial public offering (IPO), check out the next paragraph of this article.

As per the information, the IREDA IO price band has been officially fixed up at Rs. 30 to Rs. 32 per share. IREDA is currently planning to raise Ts. 2,150.21 core from the public issue which comprises the new issue which is of 40.32 crore shares as it is aggregating to Rs. 1,290.13 crore and the offer for sale (OFS) of 26.88 crore shares aggregating to Rs. 860.08 crores. The loss of the IREDA IPO is a total of 460 shares and the investment should be a minimum of Rs. 14,720 by the retail investors. The equity shares of the company are now going to register on NSE and BSE.