🟢 At a Glance:
India’s renewable finance engine,IREDA, is raising fresh capital — and it’s doing it the cool institutional way.On June 5, 2025, the company kicked off itsQualified Institutional Placement (QIP)with afloor price of ₹173.83/share, targeting big investors, not retail.
Why does this matter? Because this isn’t just a cash grab — it’s a signal that India’sgreen finance ambitionsare no longer just about bonds. They’re equity-backed, government-blessed, and ready for prime time.
🏦 QIP Details
- 🗓️Issue Opened:June 5, 2025
- 💵Floor Price:₹173.83/share (as per SEBI’s pricing formula)
- 📉Possible Discount:Up to 5% allowed = min issue price ~₹165.14
- 👨⚖️Legal Framework:
- SEBI ICDR Regs, 2018
- Companies Act, Sections 42 and 62
- 📘Preliminary Placement Document:Filed and live onireda.in
Final issue price will be determined with Book Running Lead Managers (BRLMs), because retail can wait — this party’s invite-only.
🧠 Why Is IREDA Raising Funds?
- Expand lending capacityto renewable energy players
- Supportsolar, wind, green hydrogen, and hybrid infra projects
- Meet capital adequacy norms forfuture growth and leverage headroom
- Clean up anybalance sheet risk exposure
In plain terms:money raised here gets lent
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