https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA Launches Rs 5,000 Crore QIP to Boost Renewable Energy Lending; Floor Price Set at Rs 173.83 Per Share

IREDA confirmed in a regulatory filing that the Board of Directors, in its meeting held on June 5, has approved the opening of the QIP to eligible qualified institutional buyers (QIBs).
Indian Masterminds Stories

New Delhi: The Indian Renewable Energy Development Agency (IREDA) has announced the launch of a Qualified Institutions Placement (QIP) to raise up to ₹5,000 crore through the issuance of equity shares.

QIP Launch Approved by Board

IREDA confirmed in a regulatory filing that the Board of Directors, in its meeting held on June 5, has approved the opening of the QIP to eligible qualified institutional buyers (QIBs). This follows earlier approvals from the Board on January 23, 2025, and from shareholders via a special resolution passed on February 24, 2025.

Floor Price Set at ₹173.83 per Share

The company has fixed the floor price at ₹173.83 per equity share, in line with Regulation 176 of the SEBI (ICDR) Regulations. The issue price will be finalized in consultation with the book running lead managers, and the company has the option to offer up to 5% discount on the floor price.

Read Also: IREDA Moves Debt Recovery Tribunal to Recover ₹728.95 Crore from Gensol Entities Amid Alleged Fund Diversion

Purpose and Structure of the QIP

IREDA stated that the capital will be raised through equity issuance in one or more tranches, under applicable laws. The QIP is a strategic step to enhance the company’s capital base and support its long-term lending capacity, particularly in the renewable energy sector.

Market Reaction

Analysts expect volatility in the short term, though they see the capital raise as positive for long-term growth and balance sheet strength.

Important Dates

  • Relevant Date for QIP: June 5, 2025
  • Floor Price: ₹173.83/share
  • Potential Discount: Up to 5%

About IREDA

IREDA, a government-owned non-banking financial institution under the Ministry of New and Renewable Energy, is dedicated to promoting and financing renewable energy and energy efficiency projects across India. Formed in 1987, IREDA is a Navratna organisation owned by the Government of India and administratively controlled by the Ministry of New and Renewable Energy (MNRE).


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
8th Pay Commission members
8th Pay Commission Formed: Chairperson Justice Ranjana Prakash Desai to IAS Pankaj Jain – Know More About All Members
BEML,_DPA,_DMRC,_and_Umeandus_Collaborate_
BEML, DPA, DMRC, and UTIPL Collaborate to Launch India’s Advanced Rail-Based Freight System (e-FTS)
CSS central secretariat service
CSS Forum Expresses Gratitude to PM Modi, Union Cabinet for Approving 8th Central Pay Commission ToR, Urges Implementation by 2026
Punjab-Haryana-High-Court-resized
Punjab & Haryana High Court Imposes Rs 2 Lakh Cost on Senior Punjab Officials for Disobeying Court Orders on Modified Vehicles
CM Vishnu Deo Sai and Wife
Spiritual Fervor in Kunkuri: CM Vishnu Deo Sai Performs Sacred ‘Tulsi Archana’ Seeking Blessings for Chhattisgarh
HUDCO
HUDCO Signs MoUs Worth Over ₹5,500 Crore with Major Port Authorities to Boost India’s Maritime Infrastructure
Uttarakhand Ghost Villages
Turning Silence into Sustainability: Uttarakhand’s Plan to Revive Ghost Villages through Homestay Tourism
Madhya Pradesh Foundation Day 2025
Madhya Pradesh to Celebrate Foundation Day with Grand Events, Vision Document ‘Prosperous MP @ 2047’ to Be Released
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Gokul S
Meet IAS Gokul S — The Officer Who Turned Disability into Determination | Video Interview 
WhatsApp Image 2025-10-23 at 10.40
Everybody Needs To Know What Is Transpiring Behind Closed Doors Of Courts
WhatsApp Image 2025-10-19 at 12.23
UPSC Journey Should Be Enjoyable, Not Cumbersome
ADVERTISEMENT
UPSC Stories
IAS Gokul S
Meet IAS Gokul S — The Officer Who Turned Disability into Determination | Video Interview 
Visually impaired IAS officer Gokul S turned his challenges into change, empowering hundreds through...
Parmeshwar Chaudhary RAS
From Taunts to Triumph: How Farmer’s Son Parmeshwar Chaudhary Rose from Lab Assistant to SDM, Securing Rank 3 in RAS 2023
Parmeshwar, once taunted over his SI selection, has scripted a stunning success—securing Rank 3 in RAS...
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Social Media
Tenzin Yangki IPS Arunachal
Historic First: Who Is Tenzin Yangki, Arunachal Pradesh’s First Woman to Join IPS? Anand Mahindra Hails Her
She secured an impressive 545th rank in the prestigious UPSC Civil Services Examination - 2022.
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
8th Pay Commission members
8th Pay Commission Formed: Chairperson Justice Ranjana Prakash Desai to IAS Pankaj Jain – Know More About All Members
BEML,_DPA,_DMRC,_and_Umeandus_Collaborate_
BEML, DPA, DMRC, and UTIPL Collaborate to Launch India’s Advanced Rail-Based Freight System (e-FTS)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Gokul S
WhatsApp Image 2025-10-23 at 10.40
WhatsApp Image 2025-10-19 at 12.23
ADVERTISEMENT
ADVERTISEMENT