IREDA Raises ₹2,005.90 Cr via QIP to Boost Renewable Energy Funding

Indian Renewable Energy Development Agency Ltd. (IREDA) has raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), issuing 12.15 crore equity shares at ₹165.14 per share, including a premium of ₹155.14. The issue price reflected a 5% discount to the floor price of ₹173.83. Launched on June 5, 2025, and closed on June 10, 2025, the QIP saw strong demand from domestic and foreign institutional investors such as insurance companies, banks, and foreign portfolio investors. The Board approved the allotment on June 11, 2025. The oversubscribed issue achieved 1.34 times the base size of ₹1,500 crore. The raised capital will strengthen IREDA's Tier-I capital and Capital Adequacy Ratio (CAR), enhancing its capacity to fund India's growing renewable energy sector.
Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said, “The successful completion of this QIP in a short span after our IPO in November 2023 is a testament to the trust and confidence the investor community and the Ministry of New & Renewable Energy have reposed in IREDA. This capital infusion will empower us to scale up our financing activities, enabling greater investments in renewable energy projects and accelerating India’s transition towards a greener and sustainable energy future.”