Issuer Details
- India’s largest pure-play green financing entity with thirty-six years of rich heritage
- Strategic role in powering GoI’s initiatives for promotion & development of renewable energy sector
- Comprehensive suite of financial products and services across Traditional and Emerging green technologies
- Strong track record of growth with a geographically and sectorally diversified asset book
- Low cost of funds through strong relationships with International financing institutions and domestic lenders along with highest credit rating of ‘AAA/Stable’
Key Transaction Highlights
- SBICAPS positioned IREDA as a key player in India’s renewable energy sector with a differentiated high-growth story
- SBICAPS – Investec delivered stellar performance with the highest procurement amongst the 3 BRLMs at 66% of the Anchor Book Demand
- SBICAPS – Investec was crucial in converting marquee long-only investors and hand holding the management throughout the IPO Process
- SBICAPS leveraged its exceptional domain capabilities in the BFSI sector to lead this extremely successful IPO
Issue Details
| Issue Size | INR 2,150 Cr | |
| Fresh Issue | INR 1,290 Cr | |
| Offer Sale | INR 860 Cr | |
| Issue Price | INR 32 per share | |
| Issue Period | Nov 21 - 23, 2023 | |
| Listing Date | 29th Nov 2023 | |
| Overall Subscription | 38.9x* |
