New Delhi: The shares of Indian Renewable Energy Development Agency (IREDA) are expected to be in focus on June 6, 2025, Friday after the state-owned company’s board fixed the floor price for qualified institutional placement (QIP) at Rs 173.83 per equity share to raise about Rs 5,000 crore.
The development comes after the Board of Directors of IREDA in January 2025 gave the green signal to a QIP to raise up to Rs 5,000 crore. The board met on June 5 and approved the opening of the proposed Issue today to eligible qualified institutional buyers. The floor price has beet set at Rs 173.83 per equity share.
“Pursuant to the approval of the Board of Directors at its meeting held on January 23, and approval of the shareholders of the company by way of a special resolution passed on February 24, the Board in its meeting held has approved the authorising the opening of the proposed issue on June 5, 2025, to eligible qualified institutional buyers,” the company said in a regulatory filing.
IREDA said that Pursuant to Regulation 176(1) of the SEBI ICDR Regulations and a special resolution of the shareholders dated February 24, 2025, it may offer a discount of up to 5 per cent on the floor price in line with shareholder approval.
IREDA is a non-banking financial institution under the Ministry of New and Renewable Energy.
IREDA share price history
The shares of Indian Renewable Energy Development Agency made a dream stock market debut on November 29, 2025. The PSU stock listed with a premium of more than 56 percent, against the issue price of Rs 32. IREDA share price ended at Rs 176.50 apiece. Since its listing, the counter rallied 180 percent.
Indian Renewable Energy Development Agency Limited is a ‘Navratna’ Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).
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IREDA, a Navratna PSU under India’s Ministry of New and Renewable Energy, is set to raise approximately Rs 5,000 crore through a qualified institutional placement (QIP). The company’s board has fixed the floor price at Rs 173.83 per share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
