The Indian Renewable Energy Development Agency Ltd. (IREDA) successfully raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP) which closed on June 10, 2025. The QIP involved issuing 12.15 crore equity shares at ₹165.14 per share, a discount from the floor price. Oversubscribed by 1.34 times, the proceeds will bolster IREDA's Tier-I capital and Capital Adequacy Ratio (CAR), enhancing its ability to finance renewable energy projects in India. The offering saw participation from both domestic and foreign qualified institutional buyers, and IREDA's Chairman and Managing Director expressed gratitude to stakeholders for their support.
Key Entities Referenced
Ministry of New and Renewable Energy: Government ministry responsible for new and renewable energy.
IREDA: Indian Renewable Energy Development Agency Ltd., a financing institution.
2,005.90 Crore: Amount of money raised via QIP.
QIP: Qualified Institutions Placement, a method of raising capital.
PIB Delhi: Press Information Bureau, Delhi office, the source of the press release.
June 11, 2025: Date of the press release and board meeting approving allotment of equity shares.
12.15 crore: Number of equity shares issued.
165.14: Issue price per share in INR.
10: Face value per share in INR.
June 5, 2025: Start date of the QIP issue.
June 10, 2025: Close date of the QIP issue.
QIBs: Qualified Institutional Buyers, investors in the QIP.
1,500 crore: Base issue size of the QIP in INR.
Capital Adequacy Ratio: CAR, a measure of a bank's capital.
Shri Pradip Kumar Das: Chairman & Managing Director of IREDA.
November 2023: Month of IREDA's IPO.
Shri Pralhad Joshi: Union Minister of New Renewable Energy, Consumer Affairs and Food Public Distribution.
Shri Shripad Naik: Minister of State for Power and New Renewable Energy.
Shri Santosh Kumar Sarangi: Secretary, MNRE (Ministry of New and Renewable Energy).
Department of Investment and Public Asset Management: DIPAM, a department involved in the QIP.
Navin Sreejith: Individual associated with the press release.
2135584: Release ID.
India: Country in which IREDA operates and the renewable energy sector is expanding.
Ministry of New and Renewable Energy
IREDA Successfully Raises 2,005.90 Crore via QIP
to Boost Green Financing
Posted On: 11 JUN 2025 12:23PM by PIB Delhi
Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised ₹2,005.90 crore
through a Qualified Institutions Placement (QIP). The capital was mobilized by issuing 12.15 crore equity
shares at a price of ₹165.14 per share, which includes a premium of ₹155.14 per share over the face value of
₹10.
The issue price of ₹165.14 reflects a discount of 5.00% to the floor price of ₹173.83 per equity share.
Launched on June 5, 2025, the QIP issue closed on June 10, 2025, receiving an encouraging response from a
diverse set of both domestic and foreign qualified institutional buyers (QIBs) including insurance companies,
scheduled commercial banks and foreign portfolio investors. The Board has approved allotment of equity
shares to eligible qualified institutional buyers in its meeting held today i.e. June 11, 2025.
The QIP was oversubscribed with bids amounting to ₹2,005.90 crore against the base issue size of ₹1,500
crore, achieving a subscription of 1.34 times. The capital raised through this successful issue will further
strengthen IREDA's Tier-I capital and overall Capital Adequacy Ratio (CAR), enhancing the company’s
capacity to support the expanding renewable energy sector in India.
Reflecting on this achievement, Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said: “The
successful completion of this QIP in a short span after our IPO in November 2023 is a testament to the trust
and confidence the investor community and the Ministry of New & Renewable Energy have reposed in
IREDA. This capital infusion will empower us to scale up our financing activities, enabling greater
investments in renewable energy projects and accelerating India’s transition towards a greener and sustainable
energy future.”
CMD, IREDA expressed his gratitude to Shri Pralhad Joshi, Hon’ble Union Minister of New & Renewable
Energy, Consumer Affairs and Food & Public Distribution; Shri Shripad Naik, Hon’ble Minister of State for
Power and New & Renewable Energy; Shri Santosh Kumar Sarangi, Secretary, MNRE; Department of
Investment and Public Asset Management (DIPAM); and the Board of Directors for their support and
invaluable guidance.
IREDA extended its gratitude to all institutional investors and stakeholders for their continued support,
reaffirming its commitment to leading the country’s clean energy financing initiatives.
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Navin Sreejith
(Release ID: 2135584)