Indian Renewable Energy Development Agency Limited Ipo

December 28 renewables now the indian renewable energy development agency ireda has filed a draft red herring prospectus with the securities and exchange board of india sebi for its proposed initial public offering ipo.

Indian renewable energy development agency limited ipo.

State run indian renewable energy development agency ireda has filed draft papers with markets regulator sebi to float an initial public offering. State owned indian renewable energy development agency and kolkata based firm shyam steel industries have received markets regulator sebi s approval to float initial public offerings ireda which filed its draft ipo papers with the regulator in july received its observations on september 27 latest update with the securities and exchange board of india sebi showed. Its today s share price is 0. The ireda ipo will see sale of 13 90 crore equity shares of indian renewable energy development agency and includes a reservation of up to 6 95 lakh equity shares for eligible employees.

Indian renewable energy development agency ltd. Indian renewable energy development agency ltd. Indian renewable energy development agency limited a government of india enterprise our company was incorporated on march 11 1987 in new delhi under the companies act 1956 as a public limited company and obtained a certificate for commencement of business on march 21 1987.

Indian renewable energy development agency limited jul 31 2019 public issues. The initial public offer of state owned indian renewable energy development agency will be launched before september 2019 a top official said on thursday we can raise up to 15 per cent of our equity. Was incorporated in the year 1987. Proceeds from ireda s fresh issue will be used to expand the company s lending operations.

Is looking to sell 13 9 crore share through its initial public offer that may open in june this year. The approval was for 13 90 crore equity shares this will be around worth rs 750 crore. The state owned financial institution intends to issue up to 139 million shares as previously announced.