IREDA IPO Date, Price, Issue Size, Listing, Market Cap Everything You Need to Know

Merchant bankers are needed to oversee the government’s initial share sale offer for up to 25% of the Indian Renewable Energy Development Agency (IREDA), which the government intends to make. Here is IREDA Ipo date, price, issue size and market cap details. You will read everything which is important to know before investing. Also, read many more other information including the latest business news. Read More Business News on our website.

IREDA IPO Date, Price, Issue Size & More

The Department of Investment and Public Asset Management (DIPAM) invited bids from merchant bankers who are registered with SEBI in category I; either alone or in a group, with knowledge and experience in capital market public offerings; to serve as the Book Running Lead Manager (BRLM) and provide guidance to the Government/IREDA.

The BRLM would work with the Government/IREDA to determine the IPO’s timing and procedures, conduct due diligence, provide guidance on regulatory guidelines, and organize roadshows to pique investor interest.

The government will select up to three merchant bankers, and bids must be submitted no later than April 28.

Indian Environmentally friendly power Improvement Organization Ltd (IREDA) is under the managerial control of the Service of New and Environmentally friendly power (MNRE) and took part in the support of sustainable power and energy effectiveness projects.

The Cabinet Committee on Economic Affairs (CCEA) approved the initial public offering (IPO) of IREDA to sell a portion of the government’s stake and raise funds for IREDA by issuing new equity shares last month.

The government invested Rs 1,500 crore in IREDA, a non-banking financial company (NBFC), prior to Walk 2022.

As on Walk 31, IREDA’s settled up capital was Rs 2,284.60 crore. The benefit after Assessment (PAT) for IREDA was Rs 633.53 crore and the total assets were Rs 5,268.11 crore. IREDA IPO to be launched after the government listing process be finished.  Subscribe and follow us on social media platforms. Stay hooked with us, Industrial Front keeps you updated!!