Overview

• IREDA allotted 12,14,66,562 equity shares to qualified institutional buyers on June 11 to complete its QIP.
• Shares were issued at Rs165.14 each, reflecting a Rs8.69 discount to the floor price of Rs173.83 set under SEBI ICDR regulations.
• Life Insurance Corporation of India secured half of the placement with 6,07,33,280 shares, while Morgan Stanley Asia (Singapore) PTE ODI, Societe Generale – ODI, and Vikasa India EIF I Fund took 9.12%, 8.98%, and 5.13% stakes respectively.
• Paid-up equity share capital climbed from Rs2,687.76 crore to Rs2,809.23 crore following the allotment.
• In fiscal year 2024–25, IREDA’s net profit rose 36% year-on-year to Rs1,698.60 crore, highlighting its robust financial growth.