IREDA Allots 12.14 Cr Equity Shares via QIP, Raises Paid-Up Capital To ₹2,809.23 Cr

Indian Renewable Energy Development Agency Limited (NSE: IREDA, BSE: 544026) announced a substantial increase in its paid-up equity capital after completing a Qualified Institutions Placement (QIP) for more than 12.15 crore shares.

Key Highlights

The company has confirmed the allotment to eligible Qualified Institutional Buyers (QIBs) of 12,14,66,562 equity shares of face value ₹10 each. The shares are issued at ₹165.14 per share, a premium of ₹155.14.

According to the official filing, the allotment received listing and trading approvals from the NSE on June 11, 2025, and from the BSE on June 12, 2025.

Regulatory Context

This equity issuance falls under Chapter VI of SEBI ICDR Regulations, 2018, which governs QIPs. While the exact regulation clause was not explicitly mentioned in the communication, such issuances typically proceed under Regulation 179, as in Schedule VII.

About the Company

Indian Renewable Energy Development Agency Ltd (IREDA) is a Navratna CPSE under the Ministry of New and Renewable Energy. Listed on both NSE and BSE, the company is pivotal in financing and promoting renewable energy projects across India. Owing to its strategic relevance and policy-linked growth trajectory, it has consistently attracted institutional investors.

REF:https://nsearchives.nseindia.com/corporate/IREDAEQ_13062025143420_SignedSEPSC.pdf

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