Overview
- The QIP was launched on June 5 to raise up to ₹4,500 crore through a qualified institutional placement at a floor price of ₹173.83 per share.
- Shares closed at ₹176.50 on Thursday, marking a 1.4% gain for the day and a 10% rise over the past month.
- Retail investor numbers have climbed from 13.5 lakh in December 2023 to 26.48 lakh, giving them a 20.25% stake in IREDA.
- The government retains a 75% ownership stake while domestic mutual funds and foreign portfolio investors hold 0.23% and 1.75% respectively.
- Since its December 2023 IPO at ₹32 per share, IREDA’s stock has multiplied nearly sevenfold, driving management’s push for fresh growth capital.