Paid-Up Equity Share Capital of the Company
IREDA · price
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On the reaction day the stock moved 3.8 pts less than Nifty Midcap 150 and 3.0 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IREDA has completed a Qualified Institutional Placement (QIP), allotting 12,14,66,562 equity shares (face value ₹10) to eligible QIBs at ₹165.14 per share, including a premium of ₹155.14 per share. As a result, the company's paid-up equity share capital has increased from ₹2,687.76 crore to ₹2,809.23 crore, a rise of about ₹121.47 crore. The shares have received listing and trading approval from NSE (on June 11, 2025) and BSE (on June 12, 2025). This is a capital raise exercise that strengthens IREDA's equity base to support its lending and growth operations in the renewable energy sector.
The QIP dilutes existing shareholders by roughly 4.5% (new shares vs prior capital) and brings in fresh equity capital, which is positive for IREDA's lending capacity and growth plans. The share price may see short-term pressure due to dilution and possible supply increase, but the capital raise supports long-term business expansion.