North India Statesman
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News India Live, Digital Desk: The Indian Renewable Energy Development Agency (IREDA) shares are expected to focus on 6 June 2025, on Friday, as the board of the state -owned company has fixed the floor price of Rs 173.83 per equity for the Floor Price for Eligible Institutional Placement (QIP) to raise around Rs 5,000 crore.
This development in January 2025 Ireda QIP has been approved by the board of directors to raise up to Rs 5,000 crore. The board held a meeting on 5 June and approved the opening of the proposed issue for eligible institutional buyers today. The floor price has been fixed at Rs 173.83 per equity share.
The company filed a regulator In the meeting held on January 23, the board has approved the approval of the board in the meeting held on January 23 and a special proposal passed on 24 February, the board in its meeting has approved to authorize eligible institutional buyers to open the proposed issue on 5 June 2025 for the eligible institutional buyers in their meeting. “
IREDA said that the regulation of SEBI ICDR regulations 176 (1) and 24 February 2025, according to the special resolution of shareholders, it can offer a discount of up to 5 percent on floor prices to suit the shareholders’ approval.
IREDA is a non-banking financial institution under the Ministry of New and Renewable Energy.
Ireda share price history
Shares of the Indian Renewable Energy Development Agency made a great start in the stock market on November 29, 2025. The PSU shares were listed with more than 56 percent premium against the Rs 32 issue price. The price of IREDA shares closed at Rs 176.50 per share. The stock has gained 180 percent since its listed.
The Government of India is a ‘Navratna’ enterprise of the Government of India under the administrative control of the Ministry of Energy Development Agency Limited, Ministry of Energy (MNRE).
