Indian Renewable Energy Development Agency Ltd (Ticker: IREDA IN) is a government-owned financial institution in India, specializing in the Energy - Alternate Sources sector. Established in 1987, IREDA operates under the administrative control of the Ministry of New and Renewable Energy (MNRE). Its primary focus is on promoting, developing, and extending financial assistance for projects related to new and renewable sources of energy and energy efficiency/conservation.

IREDA will list on November 29, 2023, on the National Stock Exchange of India. The company is offering 671.94 million shares at an offer price of INR 32.00 per share. The expected market capitalization at the offer is INR 86.01 billion (USD 1.03 billion). The total offer size amounts to INR 21.50 billion (USD 258.00 million). This IPO is managed by Bob Capital Market, IDBI Capital Markets & Securities Ltd, and SBI Capital Markets. The offering comprises 60.00% primary shares (403.17 million) and 40.00% secondary shares (268.78 million).