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15 Days Price Change

Indian Ren. Energy IPO

Closing In

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WEBSITE Inc. Year: 1987 Industry: Finance - NBFC Listed Page

Profile
Issue Size --
Profile
Price Range 30  to  32 per share
Profile
Min Investment ₹32
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Indian Renewable Energy Development Agency Ltd (IREDA) is a premier financial institution in India dedicated to promoting and developing renewable energy projects. Established in 1987, IREDA plays a pivotal role in fostering sustainable energy solutions by providing financial assistance, project development support, and technical expertise. The company focuses on a wide range of renewable sources, including wind, solar, bio-energy, and small hydro projects. With a mission to accelerate the country's transition towards clean and green energy, IREDA facilitates the growth of the renewable energy sector by funding innovative projects, encouraging technological advancements, and contributing to India's commitment to a more sustainable and eco-friendly future. Read More

Basic Info

Face Value 10 per share

Price 30  to  32 per share

P/E (x) 5.1

Sales( Cr.) 6743

PAT( Cr.) 1698

EPS 6.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

The President of India acting through The Ministry of New and Renewable Energy Government of India.

Pre Issue Share Holding 100%

Post Issue Share Holding --%

Listing Details:

Listing Price: 50

Listing Gain: 36%

Current Price: 133.3

Gain On Issue: 133.3 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Nov 21, 2023
Closing Date Nov 23, 2023
Allotment Nov 24, 2023
Refund Nov 27, 2023
Delivery of Shares Nov 27, 2023
Listing Date Nov 28, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 460 14,720
Retail (Max) 13 5980 191,360
S-HNI (Min) 14 6440 206,080
S-HNI (Max) 67 30820 986,240
B-HNI (Min) 68 31280 1,000,960

Objective of the Issue

1. Augmenting the capital base to meet future capital requirements and onwardlending. 2. The Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, including enhancing the brand image among existing and potential customers and creating a public market for the Equity Shares in India.

Issue

Category Nos Bid Bid (x)
QIB 335970589 35132444492 104.6x
NII 235179412 5681934594 24.2x
Retail 100791177 779115798 7.7x
EMP 0 0 0x
Total 671941177 26071317668 38.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Indian Ren. Energy Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2024 Mar 2025 TTM
Operating Revenue 1118 1175 1480 1806 2020 2367 2614 4964 6743
Other Income 1 1 93 30 3 5 45 85 12
Total Income 1119 1175 1573 1836 2022 2372 2659 5049 6756
Total Expenditure 88 85 214 270 431 649 496 169 472
Operating Profit 1031 1090 1359 1566 1592 1723 2162 4880 6283
Interest Expense 646 668 813 1006 1183 1459 1570 3164 4141
Depreciation 5 4 7 21 23 23 23 30 39
Profit Before Tax 379 418 528 539 311 241 570 1685 2104
Provision for Tax 107 120 163 169 61 27 223 433 405
Profit After Tax 272 298 365 370 250 215 346 1252 1698
Adjustments 0 0 0 0 -0 -1 -2 0 0
Profit After Adjustments 272 298 365 370 250 213 345 1252 1698
Adjusted Earnings Per Share 3.5 3.8 4.7 4.7 3.2 2.7 4.4 4.7 6.3

Indian Ren. Energy Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2024 Mar 2025
Shareholder's Funds 2179 2296 2510 2413 2584 2522 2996 8559 10267
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 7130 9616 12631 14993 18741 21854 23540 40994 52282
Current Liability 641 934 1630 1179 2158 2274 2742 11752 16130
Other Liabilities & Provisions 275 288 1879 2572 1890 1928 2082 2952 2918
Total Liabilities 10224 13134 18650 21157 25374 28578 31359 64258 81597
Loans 7681 8692 10360 15480 20870 22759 26849 58775 75320
Investments 0 0 0 1 0 1 1 101 165
Fixed Assets 33 29 318 314 303 282 266 361 349
Other Loans 98 160 215 1046 1192 1363 1515 2 3
Other Non Current Assets 104 97 1455 1644 1639 1641 1641 2096 2139
Current Assets 2309 4155 6302 2673 1368 2532 1087 2922 3621
Total Assets 10224 13134 18650 21157 25374 28578 31359 64258 81597

Indian Ren. Energy Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 822 981 2061 1876 557 988 138 74
Cash Flow from Operating Activities 0 -2134 -1776 -1853 -5018 -1709 -3206 -11100 -14460
Cash Flow from Investing Activities 0 -8 -154 -53 -37 -0 -2 -23 -518
Cash Flow from Financing Activities 0 2301 3011 1708 3736 2141 2441 11059 14960
Net Cash Inflow / Outflow 0 159 1081 -198 -1319 431 -767 -64 -17
Closing Cash & Cash Equivalent 0 981 2062 1863 557 988 221 74 57

Indian Ren. Energy Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.47 3.8 4.65 4.72 3.18 2.72 4.39 4.66 6.32
CEPS(Rs) 3.54 3.85 4.75 4.99 3.48 3.03 4.7 4.77 6.46
DPS(Rs) 0.69 1.91 1.6 1.62 1.63 3 0 0 0
Book NAV/Share(Rs) 27.77 29.27 32 30.76 32.94 32.14 38.18 31.85 38.2
Net Profit Margin 24.32 25.39 24.67 20.51 12.37 9.06 13.25 25.23 25.19
Operating Margin 91.66 92.48 90.67 85.51 73.97 71.82 81.86 97.69 92.6
PBT Margin 33.86 35.57 35.7 29.84 15.4 10.19 21.79 33.95 31.19
ROA(%) 2.66 2.55 2.3 1.86 1.07 0.8 1.16 2.62 2.33
ROE(%) 12.48 13.32 15.19 15.05 10 8.4 12.56 21.67 18.04
ROCE(%) 10.66 9.91 9.63 9.37 7.71 7.44 8.33 11.38 9.37
Price/Earnings(x) 0 0 0 0 0 0 0 29.17 25.42
Price/Book(x) 0 0 0 0 0 0 0 4.27 4.2
Dividend Yield(%) 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 6.41 7.09 7.23 7.41 9.15 8.9 9.25 17.23 15.9
EV/Core EBITDA(x) 6.95 7.64 7.87 8.54 11.61 12.22 11.18 17.53 17.07
Interest Earned Growth(%) 0 5.02 25.97 22.09 11.81 17.22 10.42 89.9 35.85
Net Profit Growth 0 9.63 22.41 1.49 -32.54 -14.15 61.46 261.49 35.62
EPS Growth(%) 0 9.63 22.41 1.5 -32.55 -14.73 61.83 6.01 35.63
Interest Coverage(x) % 1.59 1.63 1.65 1.54 1.26 1.17 1.36 1.53 1.51

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 36% 42% 30% 0%
Operating Profit CAGR 29% 54% 32% 0%
PAT CAGR 36% 99% 36% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -25% NA% NA% NA%
ROE Average 18% 17% 14% 14%
ROCE Average 9% 10% 9% 9%

Company Contact Information

Indian Renewable Energy Development Agency Ltd.

1 Floor, Core-4 A, East Court India Habitat Centre Lodhi Road

IPO Lead Manager(s)

Indian Renewable Energy Development Agency Ltd.

BOB Capital Markets Ltd

IDBI Capital Markets & Securities Ltd. (Formerly known as IDBI Capital Market Services Ltd.)

SBI Capital Markets Ltd

Registrar Info

Indian Renewable Energy Development Agency Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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