IREDA raises ₹2,005.90 crore through QIP
On 11 June 2025 in New Delhi, the IREDA Board approved allotment of shares after the company raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP).
Summary
The Indian Renewable Energy Development Agency (IREDA) said on 11 June 2025 that it had raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), with its Board approving allotment that day. The QIP, open from 5 to 10 June 2025, issued 12.15 crore equity shares at ₹165.14 each, a 5% discount to the floor price of ₹173.83. Bids of ₹2,005.90 crore against a base issue size of ₹1,500 crore meant a subscription of 1.34 times. The capital will strengthen IREDA's Tier-I capital and capital adequacy ratio.
Key facts
- Raised
- ₹2,005.90 crore via QIP
- Issue
- 12.15 crore shares at ₹165.14; floor ₹173.83
- Subscription
- 1.34 times; base issue ₹1,500 crore
- Allotment
- Board approval, 11 June 2025
Practice MCQs 1 questions
Through which route did IREDA raise ₹2,005.90 crore, as announced on 11 June 2025?
Show answer
Correct answer: A — Qualified Institutions Placement (QIP)
PIB (MNRE): IREDA raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), oversubscribed 1.34 times against a base issue of ₹1,500 crore.