Archive · 11 Jun 2025
IREDA Raises Over ₹2,000 Crore via QIP for Clean Energy
IREDA, a company focused on financing green energy projects, raised over ₹2,000 crore by selling shares to investors through a QIP.
Investors showed confidence by oversubscribing, and the funds will enable IREDA to support more renewable energy projects, driving India’s shift to green energy.
The QIP, launched on June 5 and closed on June 10, issued shares at a price of ₹165.14 each.
This capital infusion strengthens IREDA's financial standing.
IREDA raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP).
The QIP involved issuing 12.15 crore equity shares at ₹165.14 each.
The issue price included a premium of ₹155.14 per share.
The QIP was launched on June 5 and closed on June 10, receiving oversubscription.
Funds will strengthen IREDA's capital for renewable energy projects.
- Who
- Indian Renewable Energy Development Agency Ltd. (IREDA)
- What
- IREDA raised ₹2,005.90 crore through a QIP by issuing equity shares.
- When
- June 5-10 (QIP)
- Where
- New Delhi
- Why
- To strengthen IREDA's capital and support renewable energy projects.
- Total Amount Raised
- ₹2,005.90 crore
- Issue Price per Share
- ₹165.14
- Shares Issued
- 12.15 crore
- Discount on Shares
- 5%
- QIP Period
- June 5 - June 10
Sources
IREDA QIP: PSU allots Rs 2,006 crore worth shares to QIBs at Rs 165.14 apiece
IREDA share price jumps over 2% after allotment of 50% equity to LIC in ₹2000 crore fundraise
IREDA QIP: Rs 2,005.90 Cr Raised Via Share Issue; LIC Leads With 50% Allocation
IREDA Raises Rs 2,005.90 Crore via QIP to Boost Green Energy Financing
IREDA raises over Rs 2,000 cr via QIP route
IREDA raises over ₹2,000 cr via QIP route
IREDA raises over ₹2,000 crore via QIP route
IREDA raises Rs 2,006 cr via QIP to boost green financing
IREDA raises Rs 2,006 cr via QIP to boost green financing
